High-Grade Gold Confirmed at Goongarrie
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| Stock | Cazaly Resources Ltd (CAZ.ASX) |
|---|---|
| Release Time | 20 May 2026, 8:41 a.m. |
| Price Sensitive | Yes |
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Cazaly Resources Announces High-Grade Gold at Goongarrie
Key Points
- High-grade gold confirmed at Duke of York and Duchess Prospects
- Significant upgrades to previously reported 4m composite grades
- Multiple high-grade gold shoots identified across 400m strike length
- Mineralisation remains open at depth
- Gravity survey results expected soon
Full Summary
Cazaly Resources Limited (ASX: CAZ) has announced high-grade gold confirmation at the Duke of York and Duchess Prospects in the Goongarrie Gold Project. The final 1m split drill assay results from the second phase of RC drilling show significant upgrades to previously reported 4m composite grades. Key highlights include 2m @ 26.4g/t gold from 206m at Duke of York and 2m @ 8.6g/t gold from 150m at Duchess. Multiple high-grade gold shoots have been identified across a 400m strike length, with mineralisation remaining open at depth. The company is awaiting gravity survey results from the Sir Laurence Prospect, expected to provide further insights into the potential of the area.
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