High-grade gold results confirm mineralisation

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Stock Cazaly Resources Ltd (CAZ.ASX)
Release Time 28 Apr 2026, 9:44 a.m.
Price Sensitive Yes
 High-grade gold results confirm mineralisation
Key Points
  • Initial assay results confirm high-grade gold at Duke of York
  • Mineralisation now extends to +200m below surface, and remains open
  • Gravity survey commenced across the Sir Laurence target, encompassing a +2km x 1km, +1g/t gold mineralised footprint
Full Summary

Cazaly Resources Limited (ASX: CAZ) has announced the initial drill assay results from the second phase of RC drilling at the Duke of York, Duchess, and Mason's Flat Prospects at the Goongarrie Gold Project in Western Australia. The drilling indicates that gold mineralisation continues to depths of over 210m at the Duke of York Gold prospect, and the mineralised gold trend extends to Duchess, suggesting a potential strike length of 400m. The company is awaiting the remaining 1m sample assays from the RC drilling program and has advanced activities on the Sir Laurence prospect, commencing a ground gravity survey to identify stratigraphic and structural features beneath the overlying Goongarrie Lake sediments. Previous drilling by Kingwest Resources at Sir Laurence identified a 2km x 1km gold anomaly of +1 g/t, and Cazaly's recent geological and structural assessment of the Kingwest diamond core has provided valuable insights. Further work around the Sir Laurence gold prospect has been planned to assist with developing the company's understanding of gold distribution and mineralised structures in fresh rock beneath the lake sediments.

Outlook

The company is planning to execute drilling programs at the Sir Laurence and Hastings gold prospects once the necessary approvals and contractors are secured. The outcomes of the gravity survey will be considered when planning the final hole locations for the upcoming drilling programs.