Cazaly has completed drilling on its Halls Creek project in WA while maintaining exploration momentum with continued activity on the Vanrock project in Queensland.
The 19-hole reverse circulation program totaling 4,049 m was designed to test the Moses Rock electromagnetic conductor and the Bommie porphyry copper system.
At Bommie, 16 holes totaling 3,395 m were drilled to test the continuity of broad copper intersections across the prospect, which is located approximately 2.5 km southwest of Mount Angelo North. After a delay of 2 to 3 months for the reception of the analyses, a first estimate of the resources at Bommie should be completed by the end of the calendar year.
Visually estimated sulphide percentages varied in all drill holes from trace levels up to 10% with pyrrhotite, pyrite, chalcopyrite, chalcocite and molybdenite identified in drill chips RC.
Cazaly Resources (ASX:CAZ) interpreted Bommie as a large, low-grade copper system with an extensive surface geochemical signature that provides further encouragement for a large mineralized system.
Notable historical assays include 170 m at 0.4% copper, including 23 m at 1% copper and 178 m at 0.3% copper.
On the Vanrock project, the company conducted an airborne EM survey using the Xcite system, a high-resolution helicopter-borne electromagnetic and magnetic time-domain survey system, to provide more detail on the airborne EM anomaly of origin identified by Geoscience Australia.
He has now hired heritage consultants based in Townsville to conduct a cultural heritage survey.
Once survey permissions have been received, the company will carry out earthworks to establish access to the site for diamond drilling in early September.
The Vanrock drill target is a coincident magnetic and airborne electromagnetic anomaly at the edge of a paleo-caldera, while the project is considered to have potential for Andean-type silver-tin-zinc-copper-lead mineralization.
Cazaly has the possibility of acquiring up to 90% of the project.
This article was developed in conjunction with Cazaly Resources, a Stockhead advertiser at the time of publication.
This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.