Capricorn’s resource boost at Mt Gibson - Australian Mining

Capricorn records Mt Gibson resource boost - Mining Magazine Australia

Image: BjörnWylezich/stock.adobe.com Capricorn Metals has reported a Mineral Resource Estimate (MRE) increase at its Mt Gibson Gold Project (MGGP), adding 507,000 ounces to bring the total to 4.5 million oz. The update includes a maiden underground MRE of 684,000 ounces at Orion South and a maiden open pit MRE of 110,000 ounces at the Highway deposit, 12 kilometres north of the processing plant. “The reporting of a maiden underground gold res…

Capricorn’s resource boost at Mt Gibson - Australian Mining

Image: Phawat/stock.adobe.comCapricorn Metals has increased its mineral resource estimate (MRE) by 13 per cent at its Mt Gibson gold project in WA. This follows ongoing drilling, increasing the MRE to a total of 149.2 million tonnes (Mt) at 0.9 grams per tonne (g/t) for 4.5 million ounces (Moz) of gold. This represents an increase of 507,000oz from the MRE announced in November 2024. A key contributor to this increase is the Orion South undergro…