Cazaly launches major drilling push at high-grade Goongarrie gold prospects

Cazaly Resources Limited ( (AU:CAZ) ) has issued an announcement.

Cazaly Resources has begun a more than 3,000-metre reverse circulation drilling program across its Duke of York, Duchess, and Mason’s Flat prospects at the Goongarrie Gold Project in Western Australia. The campaign aims to test the continuity and depth of previously identified high-grade gold mineralisation over a 600-metre strike, including shallow intercepts up to 10.3 grams per tonne, while also following up high-grade quartz veins at Mason’s Flat.

Preliminary exploration has also started at additional priority targets such as Sir Laurence and the northwestern trend, signalling an active year of drilling, geophysical surveys, and soil sampling. The program underscores Cazaly’s push to firm up potential resources and enhance its position in the goldfields, with assay results expected to guide further work and inform market updates.

The most recent analyst rating on (AU:CAZ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Cazaly Resources Limited stock, see the AU:CAZ Stock Forecast page.

More about Cazaly Resources Limited

Cazaly Resources Limited is an Australian mineral exploration company focused on gold projects in the northeastern goldfields of Western Australia. The company is advancing its Goongarrie Gold Project through targeted drilling and exploration aimed at delineating high-grade gold zones and expanding its resource base in a well-established mining region.

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Technical Sentiment Signal: Buy

Current Market Cap: A$16.26M

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