CAZALY RESOURCES LIMITED ASX ANNOUNCEMENT
28 March 2022
EXPLORATION UPDATE
YABBY PROJECT SURFACE SAMPLING RESULTS
Cazaly Resources Limited (ASX: CAZ, "Cazaly" or "the Company") is pleased to announce analytical results have been received for surface samples collected at the Yabby Prospect located 10km to the west of Laverton in the north-eastern goldfields of Western Australia.
Several N-S and NNE gold mineralised trends have been identified in first pass reconnaissance surface samples. The initial sampling programme consisted of 209 lag samples collected on a broad spaced grid, 400m x 200m across the entire project area. Geochemical interpretation of multi-element data is underway and infill sampling will be planned to refine surface geochemical anomalies to generate drill targets. Anomalous assays are listed in Table 1. Details regarding sampling techniques and reporting of results is included in Appendix 1.
Figure 1. Gold mineralised trends interpreted from surface lag samples.
The project covers 16km2 of the highly prospective Laverton Greenstone Belt and has potential for new nickel and gold discoveries. Tenements overlie the interpreted continuation of the mineralised ultramafic host to Poseidon's South Windarra nickel mine and are positioned directly to the north of the Lady Julie gold deposit where gold mineralisation extends from surface with recent drill results including 22m @ 4.1 g/t Au from surface, and 16m @ 5.59 g/t Au from 20m (Magnetic Resources NL (ASX: MAU) announcement dated 10th January 2022).
L3, 30 Richardson Street West Perth WA 6005
PO BOX 396 West Perth WA 6872
Ph: +61 8 93226283
www.cazalyresources.com.au
Cazaly's MD Tara French commented "These are highly encouraging results for first pass exploration at the Yabby prospect. The shallow alluvial cover across most of the tenement means there is potential for new mineral discoveries undercover. The surface geochemical results will be interpreted in conjunction with regolith mapping and aeromagnetic data to better understand the controls on metal distribution. Follow up infill surface sampling is planned to further refine the targets for drill testing."
ENDS
For and on behalf of the Cazaly Board
For further information please contact:
Tara French (Managing Director) / Clive Jones (Executive Director)
Cazaly Resources Limited
ABN 23 101 049 334
Tel: +61 8 9322 6283 E:admin@cazalyresources.com.au Website:www.cazalyresources.com.au
Competent Persons Statement
The information contained herein that relates to Exploration Results is based upon information compiled or reviewed by Mr Don Horn, who is an employee of the Company. Mr Horn is a Member of the Australasian Institute Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Horn consents to the inclusion of his name in the matters based on the information in the form and context in which
it appears.
Forward Looking Statement
This ASX announcement may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Cazaly's planned exploration program(s) and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential," "should," and similar expressions are forward looking
statements. Although Cazaly Resources believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.
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Table 1. Anomalous Surface Samples >3ppb Gold.
Sample ID | North | East | RL | Au (ppb) |
YB0002 | 6834235 | 430259 | 427 | 3 |
YB0005 | 6834240 | 430871 | 429 | 3 |
YB0006 | 6834233 | 431070 | 427 | 11 |
YB0007 | 6833834 | 430670 | 426 | 3 |
YB0008 | 6833840 | 430868 | 427 | 40 |
YB0009 | 6833839 | 431077 | 428 | 8 |
YB0010 | 6833834 | 431287 | 427 | 6 |
YB0011 | 6833837 | 431476 | 428 | 5 |
YB0012 | 6834257 | 431472 | 428 | 6 |
YB0013 | 6834244 | 431262 | 429 | 4 |
YB0014 | 6833834 | 430472 | 425 | 3 |
YB0016 | 6833831 | 430082 | 425 | 6 |
YB0018 | 6833427 | 430276 | 428 | 7 |
YB0022 | 6833041 | 430466 | 426 | 5 |
YB0024 | 6832631 | 430483 | 425 | 6 |
YB0025 | 6832641 | 430284 | 426 | 4 |
YB0026 | 6832635 | 430113 | 425 | 3 |
YB0029 | 6832246 | 430472 | 425 | 3 |
YB0030 | 6832234 | 430668 | 426 | 10 |
YB0031 | 6832243 | 430859 | 429 | 8 |
YB0034 | 6831844 | 430280 | 427 | 6 |
YB0036 | 6831427 | 430079 | 425 | 6 |
YB0037 | 6831445 | 430282 | 427 | 4 |
YB0038 | 6831431 | 430465 | 425 | 6 |
YB0039 | 6831446 | 430668 | 427 | 4 |
YB0040 | 6831043 | 430472 | 428 | 6 |
YB0049 | 6834240 | 432874 | 433 | 24 |
YB0058 | 6833040 | 431075 | 427 | 4 |
YB0064 | 6832632 | 431483 | 428 | 6 |
YB0067 | 6832235 | 431276 | 427 | 5 |
YB0068 | 6832231 | 431070 | 428 | 3 |
YB0069 | 6831840 | 430666 | 425 | 33 |
YB0070 | 6831839 | 430863 | 427 | 5 |
YB0071 | 6831842 | 431066 | 428 | 8 |
YB0072 | 6831840 | 431276 | 430 | 9 |
YB0073 | 6831837 | 431475 | 430 | 5 |
YB0074 | 6831444 | 431472 | 429 | 4 |
YB0075 | 6831439 | 431277 | 429 | 6 |
YB0077 | 6831440 | 430872 | 428 | 3 |
YB0079 | 6831037 | 430876 | 429 | 3 |
YB0080 | 6831050 | 431078 | 430 | 23 |
YB0081 | 6831034 | 431279 | 430 | 13 |
YB0082 | 6831044 | 431466 | 431 | 3 |
YB0087 | 6834240 | 432275 | 431 | 3 |
YB0088 | 6834234 | 432080 | 430 | 3 |
YB0090 | 6834229 | 431652 | 430 | 99 |
YB0093 | 6833841 | 432068 | 431 | 3 |
YB0095 | 6833438 | 432270 | 432 | 4 |
Sample ID
North
East
RL
Au (ppb)
YB0096
6833440
432079
429
9
YB0097
6833433
431881
429
5
YB0100
6833039
431674
429
6
YB0103
6833845
432868
432
5
YB0104
6833831
432679
432
3
YB0105
6833837
432476
433
3
YB0111
6833039
432475
433
4
YB0112
6833039
432271
433
5
YB0113
6832641
432277
431
4
YB0115
6832642
432677
432
3
YB0116
6832629
432884
433
4
YB0118
6832236
432667
433
3
YB0119
6832228
432487
431
3
YB0120
6831848
432267
433
4
YB0121
6831838
432473
431
5
YB0122
6831838
432668
432
33
YB0123
6831835
432869
434
5
YB0124
6831436
432874
435
6
YB0125
6831442
432670
434
8
YB0126
6831439
432471
433
45
YB0129
6830634
432080
431
6
YB0144
6828641
431072
437
3
YB0152
6827870
430718
436
3
YB0153
6827851
430889
441
3
YB0156
6833037
431872
431
6
YB0161
6832232
431669
431
3
YB0167
6831836
431865
430
3
YB0168
6831838
431674
430
6
YB0169
6831423
431678
430
23
YB0170
6831445
431882
431
27
YB0172
6831441
432269
432
6
YB0173
6831027
431679
430
8
YB0174
6831054
431885
432
8
YB0175
6830994
432091
433
11
YB0176
6831034
432274
434
4
YB0177
6831048
432471
434
3
YB0178
6831046
432673
434
7
YB0179
6831040
432871
436
9
YB0198
6827831
430462
433
9
YB0200
6827837
430272
437
5
YB0219
6827041
431472
447
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APPENDIX 1 - Yabby Geochemical Surface Sampling JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
personal use only
Criteria | JORC Code explanation | Commentary |
Sampling techniques | Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. | First pass reconnaissance geochemical sampling commenced on the Yabby Project in early 2022. A surface lag sampling program was completed. |
Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. | Lag sampling was carried out over the entire tenement at a nominal 400 x 200m spacing. Field duplicate samples were collected at a rate of 2 in 100 and standards inserted at a rate of 3 per 100 samples. | |
Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g., 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information. | Lag samples were submitted to Intertek laboratories in Perth for pulverisation and suite of multi-element analyses utilizing aqua regia digest (Intertek method - AR10/MS33). | |
Logging | Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. | Brief geological notes were collected by the sampler during lag collection including brief geological notes. |
Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. | Logging is qualitative with lithology, regolith and relative abundances of quartz-iron-rock noted. |
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Cazaly Resources Limited published this content on 27 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2022 22:40:09 UTC.
