Mount Venn: Drilling & Geophysical Programmes Completed

  • Second phase of RAB and Aircore drilling finalised extending the mineralised trend to over 3km at the Three Bears gold prospect
  • Ground based Dipole-Dipole Induced Polarisation (IP) geophysics finalised testing thick Zinc mineralisation discovered at the Rutters prospect
  • Consistent Dipole-Dipole IP anomaly outlined coincident with geochemistry and regional EM anomaly
  • Mineralisation occurs within a felsic volcanic pile with pervasive pyrite – potential for VMS style base metal mineralisation
  • Planned RC drilling at Three Bears and Rutters to commence early September

Cazaly Resources Limited  has now received the final results from a campaign of drilling and geophysics from the Company’s Mount Venn Project. The Mount Venn project is located ~125 km northeast of Laverton and just 40 km west of Gold Road Resources Ltd’s (ASX:GOR) Gruyere gold deposit (148 Mt @ 1.30 g/t Au for 6.16M oz., GOR announcement, 22 April 2016) in the Eastern Goldfields region of Western Australia. The belt is associated with the regionally significant Yamarna Shear Zone complex and has many similarities with the Dorothy Hills greenstone belt which hosts Gruyere.

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