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An update from CZR Resources Ltd ( (AU:CZR) ) is now available.
CZR Resources has launched an extensive new drilling campaign at its Croydon gold project in the Pilbara, aiming to extend mineralisation at the Top Camp and Bottom Camp prospects and define higher-grade ore shoots. Recent and historical drilling has already outlined a 650m-long gold system at Top Camp, with notable intercepts including broad zones of moderate grades and narrower high-grade intervals.
The current program includes RC and diamond drilling, regional soil sampling, geological mapping and surface sampling to test over 900m of strike at Top Camp, revisit Bottom Camp, and advance additional prospects such as Martin, Murph, Frank’s Patch and Middle Valley. A broader review of the Croydon project has identified multiple new targets, and the company’s $67m cash balance and lack of debt underpin its capacity to pursue aggressive exploration that could materially enhance its resource base and project pipeline.
More about CZR Resources Ltd
CZR Resources Ltd is an Australian exploration company focused on gold projects in Western Australia’s Pilbara region. The company is advancing its Croydon gold project, targeting intrusive-related gold systems, including Hemi-style intrusions, and remains well funded with a strong cash position and no debt.
Average Trading Volume: 348,934
Technical Sentiment Signal: Hold
Current Market Cap: A$67.04M
See more data about CZR stock on TipRanks’ Stock Analysis page.