Aircore drilling commences at Goongarrie

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Stock Cazaly Resources Ltd (CAZ.ASX)
Release Time 19 Aug 2025, 8:27 a.m.
Price Sensitive Yes
 Aircore drilling commences at Goongarrie
Key Points
  • Further drilling approvals received
  • ~3,500m drill program to test strike extent of known gold mineralisation and generate new gold targets
  • Drilling designed to assist in defining the extent of the gold mineralisation at the Duchess prospect and generate additional gold targets along the Menzies shear corridor
Full Summary

Cazaly Resources Limited (ASX: CAZ) has announced that aircore (AC) drilling has commenced at the Goongarrie Gold Project following further drilling approvals. The initial phase of AC drilling is on a broad 80m x 80m grid, which will be reduced to 40m in areas of interest. The program is designed to test high priority areas along the Menzies shear corridor in zones of structural complexity around magnetic anomalies. This includes drill testing along strike of the newly identified Duchess prospect, where previous drilling returned anomalous gold intercepts. The magnetic anomalies and structural complexities within the Menzies shear were highlighted in the recently reprocessed aeromagnetic data. The drilling program aims to assist in defining the extent of the gold mineralisation at the Duchess prospect and generate additional gold targets along the Menzies shear corridor that can be tested at depth in the next phase of RC drilling. Cazaly's Managing Director, Tara French, expressed her excitement about the commencement of the first phase of aircore drilling at Goongarrie, stating that it will target underexplored high priority areas along the Menzies Shear to generate additional gold targets for future RC drilling.