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Cazaly Resources Spin Out to List on ASX

THE BOURSE WHISPERER: Cazaly Resources (ASX: CAZ) announced that Tara French has transitioned into the role of managing director of the company.

French steps into the role at an important time for the company as it prepares for the proposed divestment of the jointly owned Hamersley Iron Ore Project and subsequent listing of spin ot company Equinox Resources (ASX: EQN).

Equinox Resources has been admitted to the Official List of the ASX with commencement of trade of its securities anticipated for launch at 10:00am (WST) on Wednesday, 13 October 2021.

The admittance of Equinox to the Official List of the ASX, follows completion of a $9 million initial public offering.

Equinox’s sole focus is on the exploration and development of the Hamersley Iron Ore Project, led by a dedicated Board and management team with plenty of iron ore experience.

“This is a great result for Cazaly as the Hamersley project now has the requisite funds to progress and be managed by a highly experienced team whose sole focus is the further development of the project,” French said in the company’s ASX announcement.

“We congratulate the Equinox Board on their ASX listing and look forward to the future advancement of the Hamersley project.”

 

TO READ THE FULL ANNOUNCMENT: CLICK HERE

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au

 

 

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

 

 

Clive Jones Cazaly Resources (ASX: CAZ) June 2021

Cazaly Resources (ASX: CAZ) has commenced drilling and geophysics surveys at the company’s Halls Creek copper project in the Kimberley region of Western Australia. Company director Clive Jones zoomed into The Resources Roadhouse to provide an update on proceedings.

Cazaly Resources Busy at Halls Creek Copper Project

THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) has been able to beat the pack and secure the services of a drilling contractor and geophysical ground crews to bring forward planned work at the company’s Halls Creek copper project in the Kimberley region of Western Australia.

Cazaly Resources will commence drilling a ten-hole program consisting RC holes and pre-collars before changing to finalise some holes with diamond core.

The drilling is planned to initially test a strong downhole EM (DHEM) conductor and other down dip and along strike targets for undiscovered mineralisation previously defined at the Mount Angelo North prospect.

Drilling will also test possible strike extensions of VMS mineralisation to the north of the deposit, including testing a previously defined highly chargeable IP anomaly.

Additionally, Cazaly has engaged a geophysical crew working in the region nearby that is expected to kick off ground EM surveys that hope to identify deep conductors within the immediate footprint of the Mount Angelo VMS system by testing below the main known copper-zinc mineralisation and exploring the mineralised stratigraphic sequence along strike to the north of the Mount Angelo copper-zinc deposit.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cazalyresources.com.au

 

Web: www.cazalyresources.com.au