• Anomalous gold mineralisation identified over 700m strike
• Additional 8,000m of Aircore drilling planned
• Field crew mobilised this week, drilling to re-commence in early November

Cazaly Resources has received anomalous gold assay results from an initial Aircore (AC) drilling program at the Goongarrie Gold Project. The AC drilling has identified gold mineralisation above 1g/t over a 700m strike, extending from the Star of Goongarrie workings to 150m north of the Duke of York historical workings. The AC drilling campaign commenced north of the Star of Goongarrie and has been completed across the Duchess and Duke of York prospects. The drilling has confirmed the gold mineralised trend at Duchess within the ultramafic extends in both directions along strike, and appears to be offset to the northeast along a structure that coincides with old workings at the Duke of York gold prospect. While near-surface gold mineralisation is somewhat depleted at the Duchess prospect, the shallow AC results have successfully identified the mineralised trend and will assist in targeting the potential of economic gold mineralisation at depth. The AC drilling has provided a direct vector for targeting deeper RC drilling along strike of the Duchess and Duke of York prospects, with anomalous gold intercepts including 19m @ 1.5g/t gold, 4m @ 4.7g/t gold, 6m @ 10.3g/t gold and 10m @ 5.7g/t gold. Based on the success of the initial AC drilling, Cazaly has expanded the program to test the northern extent of the Menzies Shear Zone over a 7km strike, with an additional 200 AC holes planned.

Cazaly plans to complete an additional 8,000m of Aircore drilling to assess prospective areas along the Menzies Shear Zone, north of the existing prospects.

The company's next steps are to complete the expanded Aircore drilling campaign to identify additional gold targets to test at depth, initially with RC drilling.