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Cazaly Resources Limited ( (AU:CAZ) ) has provided an announcement.
Cazaly Resources has reported encouraging assay results from an expanded aircore drilling program at its Goongarrie Gold Project in Western Australia, where 240 new holes helped define a shallow, high-grade gold trend over 1,300 metres of strike. The latest drilling, which returned multiple intercepts above 1 g/t gold including standout results of 4 metres at 6.6 g/t from surface and 4 metres at 5.7 g/t from 12 metres, corroborates historical high-grade hits, extends mineralisation 660 metres south of the Star of Goongarrie prospect and generates several new targets along the Menzies Shear Zone. Management says the results underscore the significant prospectivity of these largely underexplored shear zones and has scheduled a reverse circulation drill program for early 2026 to test extensions of the high-grade zones, a campaign that could further upgrade the project’s scale and materially impact the company’s growth prospects if continuity of mineralisation is confirmed.
More about Cazaly Resources Limited
Cazaly Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia, with its Goongarrie Gold Project located in the northeastern goldfields about 90 km north of Kalgoorlie. The company targets underexplored, structurally controlled gold-bearing shear zones, aiming to delineate high-grade mineralisation along key trends such as the Menzies Shear Zone to build its resource base and enhance shareholder value.
Average Trading Volume: 1,751,158
Technical Sentiment Signal: Buy
Current Market Cap: A$17.42M
Learn more about CAZ stock on TipRanks’ Stock Analysis page.