How Cazaly’s New Duchess Target Could Transform Goongarrie Gold Prospects
Cazaly Resources advances its Goongarrie Gold Project with promising high-grade drill results and identifies a new target area, while maintaining a solid cash position at the end of June 2025.
- Initial reverse circulation drilling completed with high-grade gold intercepts
- New gold target area 'Duchess' discovered near Duke of York prospect
- Heritage survey cleared, enabling uninterrupted drilling activities
- Strategic divestment of Ashburton tenement to Black Cat Syndicate
- Cash and investments total approximately $3.2 million at quarter end
Exploration Momentum at Goongarrie
Cazaly Resources Limited (ASX, CAZ) has reported significant progress in its June 2025 quarterly activities, particularly at the Goongarrie Gold Project in Western Australia's Eastern Goldfields. The company secured drilling approvals for both reverse circulation (RC) and aircore (AC) drilling, completing the first round of RC drilling which validated historical gold mineralisation and revealed new high-grade intercepts.
The drilling campaign, comprising 18 holes totaling 1,917 meters, confirmed anomalous gold zones at the Duke of York prospect, with standout intercepts such as 12 meters at 7.2 grams per tonne gold and 4 meters at 4.6 grams per tonne. These results reinforce the project's potential and provide a foundation for more detailed follow-up assays using 1-meter split samples to better define mineralisation.
Discovery of the Duchess Target
Beyond Duke of York, Cazaly identified a new target area named 'Duchess' approximately 300 meters southwest. Initial drilling intersected significant sericite alteration and sulphides within ultramafic units, with assays returning 20 meters at 1.9 grams per tonne gold, including 8 meters at 3.8 grams per tonne. This discovery opens a promising new front for exploration, with mineralisation remaining open along strike and at depth.
Complementing these findings, reprocessed aeromagnetic data highlighted structural complexities and magnetic highs along key shear zones, which correlate with known gold mineralisation at Goongarrie Lady, Jenny’s Reward, and the newly identified Duchess prospect. This geophysical insight is expected to guide the upcoming aircore drilling campaign targeting a 5-kilometer strike of the Menzies and Boorora Shear zones.
Corporate and Financial Overview
On the corporate front, Cazaly strategically divested its Ashburton Basin Cheela Copper Prospect to Black Cat Syndicate Ltd for $200,000, reflecting a focus on core assets. The company continues to explore opportunities at its Halls Creek Copper-Zinc-Silver Project and maintains interests in projects across Namibia and Canada, including rare earth and base metals prospects.
Financially, Cazaly reported net cash outflows of $155,000 for the quarter, with exploration expenditure of $262,000 primarily directed at Goongarrie. The company ended the period with approximately $3.2 million in cash and investments, providing a comfortable runway for ongoing and planned exploration activities.
Outlook and Next Steps
With heritage surveys completed and no impediments identified, Cazaly is poised to advance its exploration programs at Goongarrie, including the planned aircore drilling campaign. The company’s methodical approach to validating historical data, combined with new geophysical insights and discovery of the Duchess target, positions it well to unlock further value from this prolific gold district.
Bottom Line?
Cazaly’s June quarter sets the stage for expanded exploration at Goongarrie, with fresh targets and solid finances underpinning its growth trajectory.
Questions in the middle?
- How will the upcoming 1-meter split sample assays refine the understanding of gold mineralisation at Duke of York and Duchess?
- What are the potential scale and economic implications of the newly identified Duchess prospect?
- How might the divestment of the Ashburton tenement influence Cazaly’s strategic focus and capital allocation?
