- Cazaly Resources (CAZ) confirms extensive copper-zinc mineralisation at the Mount Angelo North deposit within the Halls Creek Project in WA
- In June, the company drill tested the continuity of shallow copper-zinc mineralisation and explored potential extensions to sulphide mineralisation
- Drilling has returned copper grading up to 37.9 per cent, zinc of up to 1.81 per cent, 1.2 per cent lead, 63g/t silver and 1.57g/t gold
- The program has also highlighted potential new open areas which were defined down plunge and will be further tested
- Company shares are down 4.08 per cent to trade at 4.7 cents
Cazaly Resources (CAZ) has confirmed extensive copper-zinc mineralisation at the Mount Angelo North deposit within the Halls Creek Project in Western Australia.
Over the month of June, Cazaly drilled seven reverse circulation (RC) holes to test the continuity of shallow copper-zinc mineralisation and to explore potential extensions to sulphide mineralisation along strike and down-dip.
The company also drilled an extra RC hole with a diamond tail to test a previously defined downhole electromagnetic target.
This drilling was the first to be conducted since Cazaly fully acquired the project in October 2020.
The program has returned copper results including one metre at 37.9 per cent copper, nine metres at 12.5 per cent copper and 24 metres at 3.38 per cent as well as zinc results of seven metres at 1.81 per cent zinc and 13 metres at 1.34 per cent zinc.
In addition, drilling highlighted lead grading 1.2 per cent, 63 grams of silver per tonne (g/t) and 1.57g/t gold.
Positively for the company, the recent work outlined a potential new down plunge position for zinc mineralisation which is also present in the subparallel mineralised lodes at depth and are yet to be tested along strike.
In addition to the main body of mineralisation, copper mineralised lodes have been identified beneath the main lode.
CEO Tara French commented on the latest results.
“The results are excellent and extend the known mineralisation at Mount Angelo North whilst confirming the high grade continuity of the deposit. We are now looking forward to updating the resource and further exploring the wider region for further mineralisation.”
Cazaly Resources plans to further test the extent of mineralisation open down plunge to the south, mineralisation down-dip of high-grade zones and extensions to the subparallel lodes at depth.
Company shares were down 4.08 per cent to trade at 4.7 cents at 11:49 am AEST.