Caprice Resources Limited announced that it has received the final results from the company's 2020 drilling program from the New Orient prospect at the Island Gold Project. The drilling in this phase was designed to confirm the plunge and the continuity of the high-grade zones, as well as extending the depth and strike of the deposit. The conclusion of the 2020 drill program demonstrated extensions to the high-grade gold mineralization at depth. In addition, the company has confirmed the primary plunge of the mineralization to be associated with the intersection of the north west trending fault with the north trending BIF. Holes BB0050, BB0051and BB0057 were designed to test between existing high grade hits up to 40m apart and the resulting intercepts confirmed the continuity of these excellent zones with 4m @ 12.5 g/t Au, 10m @ 11 g/t Au and 5m @ 4.2g/t Au respectively. Holes BB0049 and BB0058 were designed to test for the extensions of high-grade zones parallel to the known plunges in other parts of the orebody. They intersected narrow mineralization peripheral to the main wider high-grade shoots. These intercepts are still of high interest but have confirmed the current modelling of the key plunging areas. A fence line of holes, BB0052 ­ 54, were completed to the south and deeper than the previous drilling. Each hole hit significant gold with hole 53 intersecting the strongest zone thought to be due to fold thickening of the BIF through this zone. Holes BB0055, 56 and 59 were step outs to the south and, whilst they have each encountered significant mineralization, the interpretation is that holes 55 and 59 may have hit zones above and/or below the targeted wider high-grade zone. Of particular significance within these three holes was hole BB56 which intersected high-grade gold from a Quartz zone within the BIF. This intercept closely resembles the historical Orient Ore high grade gold quartz lode mineralization. A fence line of holes, BB0052 ­ 54, were completed to the south and deeper than the previous drilling. Each hole hit significant gold with hole 53 intersecting the strongest zone thought to be due to fold thickening of the BIF through this zone. Holes BB0055, 56 and 59 were step outs to the south and, whilst they have each encountered significant mineralization, the interpretation is that holes 55 and 59 may have hit zones above and/or below the targeted wider high-grade zone. Of particular significance within these three holes was hole BB56 which intersected high-grade gold from a Quartz zone within the BIF. This intercept closely resembles the historical Orient Ore high grade gold quartz lode mineralization. Follow up drilling at New Orient is scheduled to commence on the 8th of February and will run in conjunction with the planned campaign at Baxters, Vadrians Hill and Iron Clad prospects. The program will continue to test for extensions to the New Orient mineralization at depth and along strike. Caprice has completed Downhole EM at the prospect to determine extensions to the high sulphide zones and interpretation is underway. The result of this survey will assist in drill target prioritization going forward. DHEM has been an effective tool in identifying high-grade pyrrhotite mineralization at Hill 50 and more recently at Bellevue Gold Mine.