- Cazaly Resources (CAZ) announces broad intercepts of copper mineralisation from the Bommie prospect within the Halls Creek project in WA
- The company completed roughly 4000 metres of drilling at the Moses Rock area and the Bommie prospect which contains an interpreted porphyry system
- Assays from Bommie include 114 metres at 0.3 per cent copper from two metres, however, no anomalous assays were reported for Moses Rock
- Cazaly expects to deliver a maiden resource estimate next month
- CAZ shares end the day 8.57 per cent in the red to close at 3.2 cents
Cazaly Resources (CAZ) has received all results from reverse circulation (RC) drilling at the Bommie prospect within the Halls Creek copper project in Western Australia.
The resource drilling program consisted of 19 holes for over 4000 metres to test the Moses Rock electromagnetic (EM) conductor as well as the interpreted porphyry system within the Bommie prospect.
The majority of holes were drilled at the Bommie prospect and have returned assays of 110 metres at 0.4 per cent copper from surface, and 114 metres at 0.3 per cent copper from two metres including four metres at 1.1 per cent copper from 46 metres.
Three holes were drilled at Moses Rock to test the EM conductor which was modelled 100 metres below surface and over a 300-metre strike.
While drilling at Moses Rock intersected a narrow two-metre sulphidic zone with up to 80 per cent pyrrhotite and pyrite, no anomalous assays were reported.
Cazaly’s Managing Director Tara French said she’s pleased with the overall results.
“We are pleased to see broad intercepts of copper mineralisation at the Bommie prospect, with over 100 metres of mineralisation extending from surface,” Ms French said.
The company expects to announce a maiden mineral resource estimate next month and with mineralisation open to the north and west of current drilling, it believes there’s potential to further grow the copper deposit.
CAZ shares ended the day 8.57 per cent in the red to close at 3.2 cents.