Cazaly Resources hits high-grade copper feeder zone at Mt Angelo

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THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) has completed its first diamond core drilling program at the Mt Angelo North copper deposit in the Kimberley region of Western Australia.

The Mount Angelo deposit is part of the Halls Creek copper project, which is subject to an agreement with 3D Resources (ASX: DDD), under which Cazaly may earn up to a 75 per cent interest in the project.

All assays results have now been returned with copper mineralisation intersected including:

–    37 metres at 2.63 per cent copper (+6.05 per cent zinc);

–    16m at 5.91 per cent copper; and

–    18m at 2.53 per cent copper.

“Cazaly’s first diamond core program has proved highly successful, by confirming previous mineralisation at Mount Angelo and importantly, discovering a high-grade feeder zone below the existing mineralised zones,” Cazaly Resources joint managing director Clive Jones said in the company’s announcement to the Australian Securities Exchange.

“The feeder zone hosts high grade copper and has the potential to greatly enhance the economics of the deposit.”

 

Drillhole plan showing diamond core holes, Mt Angelo North deposit. Source: Company announcement

 

Cazaly drilled a total of five diamond core holes at the deposit with to check against previous RC drilling, collect samples for metallurgical testwork, and to explore for potential higher grade feeder zones.

The company said diamond core results it had achieved confirmed previous results obtained from RC drilling.

They also delivered good core recoveries from rich copper and zinc zones and the discovery of a higher grade feeder zone below the known mineralised zones.

Drilling at the high grade feeder zone discovered below deposit returned:

5m at 4.76 per cent copper and 5.7m at 3.22 per cent copper.

Cazaly said it was encouraged by the discovery of a feeder zone as it could lead to the discovery of further high-grade mineralisation.

The company described the feeder zone to be characterised by chalcopyrite dominated stringer veinlets in a sub-vertical system linking into the massive chalcocite/chalcopyrite ore body above.

Cazaly said the zone requires further drilling to determine its full extent and nature.