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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 (0%)+
Announcement
Release
13 Jul 2026 10:04AM
Price at Release
$0.003
Full Release
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Summary
Clara Resources Australia Limited (ASX: C7A) announced the results of its maiden field program at the Mareeba Gold Project in Far North Queensland. The program combined rock chip sampling with the validation of historic drill collar locations. Significant findings include gold assays of up to 27.3 g/t Au at Lady Burdett Coutts, indicating the presence of a potentially rich mineralized zone. The findings, derived from five historic gold workings, support the presence of polymetallic mineralization, with elevated levels of silver, lead, and zinc. A 3D geological model was developed, highlighting the prospectivity of the Kingsborough Fault corridor. The company plans to initiate a maiden drill program, with permitting processes underway.
Key Points
  • Maiden field program at Mareeba Gold Project returns up to 27.3 g/t gold.
  • Program combines rock chip sampling with historic drill collar validation.
  • Gold assays returned from all sampled prospects.
  • Significant polymetallic mineralization identified at Lady Burdett Coutts.
  • 3D geological model developed for six quartz veins.
  • Permitting for maiden drilling program has commenced.
  • Potential for broader mineralization zones beyond discrete veins identified.
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.