Capricorn Metals expands strategic exploration footprint in Western Australia's Mt Gibson region. The company has acquired the Extension Hill and Mungada tenement package for $1.5 million, covering 60 square kilometres with significant gold mineralisation potential. This strategic move adds highly prospective targets contiguous to existing tenure within the Yalgoo-Singleton Greenstone Belt, known for substantial mineral discoveries. The acquisition includes 15km of largely untested strike near their Mt Gibson Gold Project. Management plans a focused approach to evaluate and capitalize on the area's resource potential, with potential milestone payments tied to resource estimates and commercial mining decisions. This expansion demonstrates Capricorn's commitment to growing its mining portfolio and identifying new gold exploration opportunities in a promising geological region.
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