High Grade Gold from Surface in Drilling at Goongarrie

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Stock Cazaly Resources Ltd (CAZ.ASX)
Release Time 23 Dec 2025, 9:32 a.m.
Price Sensitive Yes
 High Grade Gold from Surface in Drilling at Goongarrie
Key Points
  • Shallow high-grade gold mineralisation spanning over a significant 1,300m strike at the Goongarrie Gold Project
  • Assay results include 4m @ 6.6 g/t gold from surface and 4m @ 5.7 g/t gold from 12m
  • RC drill program scheduled for early 2026 to test extensions of the high-grade gold zones
Full Summary

Cazaly Resources Limited has reported receipt of assay results from recent Aircore (AC) drilling conducted at its Goongarrie Gold Project, located in the northeastern goldfields, 90km north of Kalgoorlie. The AC drilling program has successfully highlighted a 1,300m mineralised trend with gold grades greater than 1g/t between the Goongarrie Lady and Jenny's Reward prospects. Significant intersections include 4m @ 6.6 g/t gold from surface, 4m @ 5.7 g/t gold from 12m, 4m @ 3.0 g/t gold from 40m, and 4m @ 2.7 g/t gold from 5m. The drilling has not only validated historical high-grade gold intercepts but also confirmed the significant prospectivity across the underexplored gold bearing shear zones, generating several new high-grade gold targets. Cazaly is planning to commence a reverse circulation (RC) drill program in early 2026 to test the extensions of the high-grade gold zones identified during the recent AC program and historical drilling. Success in this program is expected to deliver significant value for the company's shareholders.

Outlook

Cazaly is planning to commence a reverse circulation (RC) drill program in early 2026 to test the extensions of the high-grade gold zones identified during the recent AC program and historical drilling. Success in this program is expected to deliver significant value for the company's shareholders.