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CZR Resources Ltd ( (AU:CZR) ) has provided an announcement.
CZR Resources Ltd is set to commence an extensive drilling campaign at its Croydon Gold Project in Western Australia, following the anticipated completion of the Robe Mesa sale. The project, located near the significant Hemi gold deposit, aims to explore a new anomaly and test for large Hemi-style intrusive systems at depth. The drilling program will include approximately 180 aircore holes and 20 reverse circulation drill holes to investigate a 6km-long gravity anomaly and extend known shallow high-grade gold mineralization. This initiative is expected to unlock significant value for the company, leveraging its strategic positioning and geological similarities to the Hemi deposit.
More about CZR Resources Ltd
CZR Resources Ltd is a company involved in the mining industry, focusing on gold exploration and development. The company is currently working on the Croydon Gold Project located in the Mallina Basin, Western Australia, which is known for its significant gold deposits, including the nearby Hemi gold deposit.
Average Trading Volume: 67,509
Technical Sentiment Signal: Sell
Current Market Cap: A$56.89M
For detailed information about CZR stock, go to TipRanks’ Stock Analysis page.