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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.017 -0.013 (-43.33%)+
Announcement
Release
23 Dec 2025 9:32AM
Price at Release
$0.030
Full Release
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Summary
Cazaly Resources Limited announced high-grade gold mineralisation from surface-level drilling at their Goongarrie Gold Project in Western Australia. The recent Aircore drilling program indicated notable gold intercepts such as 4 meters at 6.6 grams per tonne from the surface. The drilling delineated a 1,300-meter strike of high-grade mineralisation. A Reverse Circulation (RC) drill program is planned for early 2026 to further investigate the zones of interest. Cazaly Resources has entered into agreements to earn interests in the project, which encompasses 15 tenements, with intentions to invest in exploration to secure up to an 80% stake in the project.
Key Points
  • High-grade gold mineralisation intersected at the Goongarrie Gold Project.
  • Significant gold intercepts include 4m @ 6.6 g/t from surface and 4m @ 5.7 g/t from 12m.
  • 240 holes were drilled for a total of 7,604m in the Aircore drilling program.
  • A 1,300m strike of high-grade mineralisation delineated.
  • RC drill program scheduled for early 2026 to test extensions of high-grade zones.
  • Cazaly Resources has agreements to earn interest in the Goongarrie project covering 15 tenements.
  • Cazaly aims to earn up to an 80% interest through staged exploration expenditure.
  • Cazaly's forward-looking statements highlight plans for ongoing exploration and potential risks.
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.