Capricorn resource upgrade imminent, says director

Capricorn Metals has a major opportunity to increase the 650,000oz resource at its Karlawinda gold project in WA’s Pilbara region, executive director Peter Langworthy says.
Langworthy told the Resources Rising Stars conference on the Gold Coast today that Capricorn was on track to publish a resource upgrade within five weeks.
Capricorn is 9 per cent-owned by gold miner Regis Resources, which specialises in low-grade deposits such as that at Karlawinda.
“We have opportunities in the short term which will add to the resource,” Langworthy said.
“We have some high-priority targets to chase up.
“We have a rapid pathway to gold production. There will be a pipeline of positive newsflow starting with the upgrade in June, which could be substantial.
“And there is massive potential for new discoveries this year and next year.”