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Clara Resources Australia Limited (ASX:C7A)

ALERT: Price-sensitive ASX Announcement for C7A
Current share price for C7A : $0.003 -0.001 (-25%)+
Announcement
Release
5 May 2026 9:28AM
Price at Release
$0.004
Full Release
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Summary
Clara Resources Australia Limited has announced the results of a 39 km² high-resolution LiDAR survey conducted over the Mareeba Gold Project, located in the Hodgkinson Basin, Far North Queensland. This survey has identified four historical gold workings along the Kingsborough Fault corridor, a region previously explored by Western Mining Corporation in the 1980s but neglected in modern systematic exploration. The LiDAR survey not only enhanced existing targets but also discovered three new potential exploration targets, interpreted as possible historical gold workings. Clara plans to initiate a ground-based exploration program to validate these findings, which will include geological mapping and sampling, ultimately informing a drill program. This exploration effort aims to enhance the understanding of the structural framework controlling mineralisation in the region.
Key Points
  • 39 km² LiDAR survey conducted across the Kingsborough Fault corridor.
  • Identification of four documented historical workings and three new exploration targets.
  • Plans for a ground-based exploration program to validate LiDAR findings.
  • The exploration focuses on the historically significant gold-producing Hodgkinson Basin.
  • The survey covered areas in EPM 13944 and EPM 26405.
  • LiDAR technology aids in mapping ground features beneath vegetation cover.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.