Key points
- First-pass AC drilling at Hastings confirms and extends gold trend
- Shallow gold intercept of 7m @ 1.2g/t Au identified
- RC drilling planned to test down-plunge extensions at Hastings
- Gulls Blow to be tested with RC drilling for high-grade historical intercepts
- Historical Gulls Blow intercepts include 6m @ 4.9g/t Au and 20m @ 1.2g/t Au
Full summary
Cazaly Resources Limited (ASX: CAZ) announces the results of first-pass aircore (AC) drilling at the Hastings gold prospect and the next phase of drilling at Hastings and Gulls Blow, part of the 51% owned Goongarrie Gold Project in Western Australia. The AC drilling at Hastings extended the gold trend by 400m south of the historic high-grade intercept, with a shallow, highly anomalous gold intercept of 7m @ 1.2g/t Au from 58m. RC drilling is planned to test the down-plunge extensions. At Gulls Blow, RC drilling will test high-grade historical intercepts, including 6m @ 4.9g/t Au and 20m @ 1.2g/t Au, which have remained untested for almost 40 years. The company aims to verify these historical results through its planned RC program.
Outlook
Cazaly Resources plans to continue exploring and drilling at Hastings and Gulls Blow to test the down-plunge extensions and verify historical high-grade intercepts.