- CZR Resources (CZR) has announced strong assays from follow-up drilling at the Top Camp prospect within its Croydon Gold Project
- Best intercepts included two metres at 22g/t gold from seven metres, including one metre at 42.2g/t Au from seven metres
- The program at Top Camp comprised of 12 holes for a total of 2400 metres drilled, testing a small area identified as containing strong gold and pathfinder-element anomalism
- Further assays from Croydon are still expected, while the company is planning further work to test other areas of the site
- Shares in CRZ Resources are trading down 11.8 per cent, at 1.5 cents each
Junior explorer CZR Resources (CZR) has announced strong assays from follow-up drilling at the Top Camp prospect within its Croydon Gold Project.
This includes the significant result of two metres at 22g/t gold from seven metres, including one metre at 42.2g/t Au from seven metres.
The drilling at Top Camp is aiming to follow up on the company’s maiden drilling program last year, which returned best results of 8 metres at 10.2g/t gold from 135 metres.
This latest program consisted of 12 holes for around 2400 metres, testing a small area of 1400 metres by 400 metres where strong gold and pathfinder-element anomalism had previously been identified in the soils.
The drilling returned other results of two metres at 6.08g/t gold from 74 metres, including one metre at 10.1g/t gold from 74 metres.
“These latest results highlight the value of soil sampling in identifying the potential of the Top Camp prospect to host mineralisation,” CRZ Managing Director Rob Ramsay said.
“This is important because other strong soil anomalies are present elsewhere at Croydon,” Rob added.
The company is now planning further work at areas with strong soil anomalism and historical workings.
Additionally, CRZ is still waiting on assays from three drill-holes at Bottom Camp and two drill-holes testing a soil geochemical anomaly to the west of Top Camp.
Despite today’s promising result, shares in the company have ended the day down 11.8 per cent, worth 1.5 cents each.