Goongarrie Drilling Yields Quartz Veins Grading Up to 56.3g/t Gold

• High-grade gold assays up to 56.3g/t at Duke of York prospect
• Broad mineralised shear zones with increasing grades at depth at Duchess prospect
• Initial RC drilling campaign completed with detailed 1m sample assays
• Plans underway for aircore drilling along Boorara and Menzies shear zones
• Follow-up RC drilling to further delineate mineralisation at key prospects

Final Assay Results Reinforce Goongarrie’s Potential

Cazaly Resources Limited (ASX – CAZ) has announced the final assay results from its maiden reverse circulation (RC) drilling campaign at the Goongarrie Gold Project, located 90 kilometres north of Kalgoorlie in Western Australia. The detailed 1-metre sample assays confirm the presence of high-grade gold mineralisation, particularly at the Duke of York and Duchess prospects, underscoring the project’s potential as a significant gold resource.

The standout results include exceptionally high-grade quartz vein intercepts at Duke of York, with assays reaching 56.3 grams per tonne (g/t), 41.9 g/t, and 15.9 g/t gold. These results validate earlier composite sampling and highlight the presence of steeply plunging gold-bearing quartz veins that could be economically viable targets for mining.

Distinct Mineralisation Styles at Duke of York and Duchess

While Duke of York is characterised by high-grade quartz veins, the nearby Duchess prospect reveals a broader mineralised shear zone within mafic-ultramafic sequences. Here, higher grades develop at depth, with intercepts such as 2 metres at 6.6 g/t gold associated with shearing and pervasive alteration. This dual style of mineralisation; high-grade veins and broader shear zones; enhances the project’s versatility, offering potential for both open pit and underground mining operations.

The Goongarrie project covers 70 square kilometres along the Bardoc Tectonic Zone, a northern extension of the prolific Boulder-Lefroy Shear Zone, known for hosting rich gold deposits. The recent drilling campaign, comprising 18 RC holes spaced 20 to 50 metres apart, was designed to test these structures and has delivered encouraging results that build on historical exploration data.

Next Steps – Expanding the Exploration Footprint

Looking ahead, Cazaly plans to commence an aircore drilling program targeting new gold prospects along the Boorara and Menzies shear zones, covering an initial strike length of five kilometres. This will be complemented by ongoing interpretation of reprocessed aeromagnetic data to refine target generation. Follow-up RC drilling is also planned to test anomalies identified during the aircore campaign and to further delineate mineralisation at Duchess and Duke of York.

The company’s methodical approach, combining detailed sampling with geophysical analysis, aims to build a robust understanding of the mineralisation controls and continuity. This will be critical for advancing the project towards resource definition and eventual development.

Context Within the Eastern Goldfields

Goongarrie’s location within the Eastern Goldfields, a world-class gold mining district, adds strategic value. The project’s accessibility via the Goldfields Highway and proximity to existing infrastructure further support its development potential. Historical mining at nearby deposits and recent exploration successes in the region provide a positive backdrop for Cazaly’s ongoing work.

While the current results are promising, the company cautions that these are early-stage exploration findings. Further drilling and evaluation will be necessary to confirm the size, grade continuity, and economic viability of the mineralisation.

Bottom Line?

Cazaly’s detailed assays confirm Goongarrie’s high-grade gold potential, setting the stage for expanded exploration and resource definition.

Questions in the middle?

• How will upcoming aircore drilling along Boorara and Menzies shear zones impact the project’s resource outlook?
• What are the economic implications of the dual mineralisation styles for mining methods and costs?
• How might recent regional exploration successes influence investor sentiment towards Cazaly?