3,000m Drilling Program Targets 600m Strike of High-Grade Gold at Goongarrie

Drilling Resumes at Goongarrie’s High-Grade Gold Prospects

Cazaly Resources Limited has commenced a significant 3,000-metre reverse circulation (RC) drilling program at its Goongarrie Gold Project in Western Australia’s prolific northeastern goldfields. The focus is on the Duke of York, Duchess, and Mason’s Flat prospects, where previous drilling campaigns in 2025 revealed encouraging high-grade gold mineralisation near surface and at depth.

The current drilling aims to test the continuity and vertical extent of gold mineralisation over a 600-metre strike length between the Duke of York and Duchess prospects. Earlier shallow drilling returned notable intercepts such as 6 metres at 10.3 grams per tonne (g/t) gold and 10 metres at 5.7 g/t gold, highlighting the potential for an economic resource. At Mason’s Flat, drilling will follow up on high-grade quartz vein mineralisation beneath historic workings, including a costeansample that returned 1 metre at 10.8 g/t gold.

Building on a Strong 2025 Exploration Foundation

The 2025 exploration program laid a solid foundation, with RC drilling confirming gold mineralisation to depths of 150 metres at Duke of York and 100 metres at Duchess. Aircore drilling also identified gold over a 1,300-metre strike length coincident with the Menzies Shear zone. These results have informed the design of the current targeted RC campaign, which will test mineralisation continuity and extensions to over 200 metres vertical depth.

Managing Director Tara French emphasised the strategic importance of this phase, stating that the program is designed to validate and expand on the high-grade zones identified previously. She also highlighted a busy year ahead, with plans for additional geophysical surveys and soil sampling to uncover new targets within the project area.

Exploration Beyond the Core Targets

Beyond the main drilling campaign, Cazaly is advancing exploration at other promising targets such as Sir Laurence and the northwestern structural trend. Soil sampling is underway along the Comet Vale trend to identify new gold anomalies, while ground gravity surveys are being planned to better understand geological controls beneath the surface. The company is also progressing approvals to drill at the Hastings prospect, which lies near the recent +1 million ounce Aphrodite gold discovery.

The Goongarrie Gold Project benefits from its location within a highly prospective greenstone belt, with significant nearby discoveries underscoring the district’s potential. The project covers 70 kilometres of greenstone sequence within the Kalgoorlie Terrain and includes twelve kilometres of the Bardoc Tectonic Zone, a known host to substantial gold mineralisation.

Looking Ahead to Assay Results and Resource Potential

Drilling is expected to be completed by mid-March, with initial assay results anticipated by the end of April. These results will be critical in assessing the economic potential of the mineralisation and guiding further exploration and development decisions. Cazaly’s methodical approach, combining drilling with geophysical and geochemical techniques, aims to build a robust understanding of the gold system at Goongarrie.

While historical data referenced in the announcement may not fully comply with current reporting standards, the company has ensured recent results adhere to the Australasian Code for Reporting of Exploration Results. Investors will be watching closely for assay updates that could validate the project’s promise and potentially enhance Cazaly’s resource base.