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CZR Resources Ltd (ASX:CZR)

ALERT: Price-sensitive ASX Announcement for CZR
Current share price for CZR : $0.220 -0.135 (-38.03%)+
Announcement
Release
26 Nov 2025 9:22AM
Price at Release
$0.355
Full Release
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Summary
CZR Resources Ltd has commenced a reverse circulation (RC) drilling program at the Top Camp prospect within its Croydon Gold Project in the Pilbara region of Western Australia. This marks the first major drilling initiative at the site in five years, focusing on infilling and extending known shallow high-grade mineralisation and testing for deeper Hemi-style intrusions. Detailed geological mapping and past drilling results, which indicated significant gold mineralisation, guided the design of the expanded drill program. The project has proceeded rapidly following heritage clearance approvals, with the aim of enhancing the understanding of gold distribution and identifying further drill targets.
Key Points
  • RC drilling has started at the Top Camp prospect within CZR's Croydon Gold Project.
  • The drilling program aims to infill and extend known mineralisation and test for Hemi-style intrusions.
  • The Top Camp was last drilled in 2019-2020, discovering epithermal-style gold in the Mallina Basin.
  • Significant intersections from previous drilling include 27m at 3.2g/t Au, with 8m at 10.0g/t Au.
  • CZR received all necessary heritage clearance approvals for the drilling.
  • Geological mapping has identified additional quartz veining aligned with gold and arsenic geochemistry.
  • Drilling will explore extensions to the north and south and test geophysical trends.
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.