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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.018 -0.005 (-21.74%)+
Announcement
Release
20 May 2026 8:41AM
Price at Release
$0.023
Full Release
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Summary
Cazaly Resources Limited announced high-grade gold findings at the Goongarrie Gold Project in Western Australia. Significant assay results confirmed gold mineralisation at the Duke of York and Duchess Prospects, with notable intercepts such as 2 meters at 26.4g/t gold from 206 meters and 3 meters at 6.6g/t gold from 217 meters. The results have considerably upgraded previous composite grades, highlighting multiple high-grade gold-bearing structures over a 400-meter strike length, open at depth. These findings will guide further exploration and economic studies to assess resource potential.
Key Points
  • High-grade gold confirmed at Duke of York and Duchess Prospects.
  • Notable drill results include 2m @ 26.4g/t gold from 206m.
  • Multiple gold-bearing structures identified across a 400m strike.
  • Mineralisation remains open at depth, increasing in grade.
  • Ongoing economic mineralisation study to guide next drilling phase.
  • Data from RC drilling significantly upgrades previous results.
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.