• Cazaly to earn up to 80% of the Goongarrie Gold Project in WA's Eastern Goldfields
• Project covers 12km strike of the Bardoc Tectonic Zone, host to multiple world-class gold deposits
• Several high-priority gold drill targets with growth potential

Cazaly Resources Limited (ASX: CAZ) has entered into an exclusive binding agreement with Brightstar Resources Ltd (ASX: BTR) to earn up to 80% equity in the Goongarrie Gold Project, located 90km north of Kalgoorlie in Western Australia's Eastern Goldfields. The Goongarrie Project covers 70km2 of greenstone sequence and importantly, 12km of the Bardoc Tectonic Zone (BTZ), which is the northern extension of the Boulder-Lefroy Shear Zone, one of the richest gold mineralized structures in the Yilgarn Craton. Previous exploration has identified several high-priority gold prospects within the project area, including Hastings, Duke of York, Sir Laurence, and Great Eastern. Highlights of these prospects include:- Hastings: Bedrock gold mineralization over 1km strike, including an anomalous intercept of 38m @ 3.1g/t Au.- Duke of York: Bedrock gold mineralization along the BTZ shear, with intercepts of 13m @ 3.5g/t Au and 8m @ 10.7g/t Au.- Sir Laurence: Widespread gold mineralization over 2km strike within channel sands and gravels, as well as in the underlying bedrock.- Great Eastern: Bedrock gold mineralization within ultramafic and clastic sediments associated with a significant N-S trending fault and NW splays.Cazaly will spend up to $3 million on exploration to earn a staged equity of up to 80% in the Goongarrie Project. The company plans to rank the gold targets in order of prospectivity and design an exploration program to progressively test the prioritized drill targets, with drilling to commence once all necessary approvals are in place.

Cazaly is excited about the opportunity to explore for new gold resources in this multi-million-ounce gold district, with the project's sizeable land package and multiple untested gold targets. The company looks forward to working closely with Brightstar Resources to maximize value for shareholders.