Cazaly Resources (ASX:CAZ) - Director, Clive Jones
Director, Clive Jones
Source: Cazaly Resources
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  • Cazaly Resources (CAZ) has secured a drilling contractor and geophysical ground crews to begin exploration at the Halls Creek Copper Project in WA
  • A 10-hole drilling program will test multiple targets for mineralisation as well as potential strike extensions of volcanogenic massive sulphide (VMS) mineralisation to the north of the Mount Angelo deposit
  • Additionally, electromagnetic surveys will aim to identify deep conductors within Mount Angelo’s VMS system
  • Pleasingly, Cazaly secured funding through the WA Government’s Exploration Incentive Scheme which aims to encourage exploration within the state
  • Cazaly is up 5.66 per cent and shares are trading at 5.6 cents

Cazaly Resources (CAZ) has secured a drilling contractor and geophysical ground crews to begin exploration at the Halls Creek Copper Project in WA.

Halls Creeks covers about 45 square kilometres and is located in WA’s Kimberley region.

It hosts the Mount Angelo copper-zinc deposit which is an extensive zone of near-surface mineralisation. Previous results from drilling at Mount Angelo include 64 metres at 2.72 per cent copper and 1.13 per cent zinc, 37 metres at 2.63 per cent copper and 6.05 per cent zinc.

The upcoming drilling program will initially test a downhole electromagnetic conductor and other targets for mineralisation. Drilling will also test potential strike extensions of volcanogenic massive sulphide (VMS) mineralisation to the north of the Mount Angelo deposit, including a previously defined anomaly.

Drilling is scheduled to begin early next week and will include up to 10 holes.

In terms of the geophysical program, ground electromagnetic surveys will begin in about two weeks. This work will aim to identify deep conductors within Mount Angelo’s VMS system. The survey will also test below the main existing copper-zinc mineralisation to explore the mineralised stratigraphic sequence.

Pleasingly, the company secured funding through the WA Government’s Exploration Incentive Scheme which aims to encourage exploration within the state.

Cazaly is up 5.66 per cent and shares are trading at 5.6 cents at market close.

CAZ by the numbers
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