Cazaly Resources Encounters New Halls Creek EM Conductors

THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) recently completed a ground based Moving Loop Transient Electromagnetic (MLEM) survey at the company’s Halls Creek project in Western Australia.

Cazaly Resources reported the MLEM survey identified two substantial bedrock conductors at Mount Angelo North and Moses Rock.

The EM conductor at Moses Rock is located within the Koongie Park Formation, the same rock units that host the Mount Angelo North copper-zinc deposit.

The company explained that both EM conductors exhibit similar conductance however the southern target at Moses Rock is somewhat larger in scale than the conductor at Mount Angelo North, from which Cazaly has taken further encouragement of a potentially large massive sulphide discovery.

Recent reprocessing of historical Heli-TEM survey data also highlights these two areas and shows structural complexity at Moses Rock.

Cazaly has also recently completed diamond drilling at Mount Angelo North that intersected broad zones of copper and zinc mineralisation 70m below the current resource model.

The RC drilling confirmed good, consistent high-grade copper-zinc mineralisation, which marginally extended the known limits of the deposit and highlighted a potential new down plunge position for zinc mineralisation.

“The ground MLEM survey was designed to follow up on targets previously identified in historical airborne HeliTEM data,” Cazaly Resources CEO Tara French said in the company’s ASX announcement.

“The recent MLEM survey confirmed a target along strike to the southwest of Mount Angelo North copper-zinc deposit.

“A second larger scale target has also been identified at Moses Rock.

“This provides the company with further encouragement that the Halls Creek project has the potential to host more massive sulphide deposits hidden under cover.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au