5,000m RC Programme Underway At WA Gold Project
CZR Resources Limited (ASX:CZR) has started an RC drilling campaign of up to 5,000m on seven priority gold targets along the Salt Creek Shear in the Gullewa Greenstone Belt in Western Australia’s Mid West region.
Each of the targets cover a flexure in the regional shear where the geophysical responses outline a variety of favourable sites for gold deposition.
Follow-up work by CZR has also identified surface samples with anomalous geochemistry and rocks with alteration.
This first round of drilling includes holes into areas of outcropping bedrock with geochemical anomalism and drill-traverses across areas of colluvial and alluvial cover to sample the underlying bedrock.
The drill programme is expected to be completed in approximately six weeks and samples will be dispatched at intervals to the laboratory as drilling progresses.
The 300 sq. km Buddadoo Project, of which CZR holds an 85% interest, is located approximately 200km to the east of the port of Geraldton and is accessible from the bitumen road between the towns of Morawa and Yalgoo.
The project is located in the western portion of the Youanmi Terrain on the Yilgarn Craton and in a region which hosts a number of large-scale and long-life gold mines.
The Buddadoo project covers a 25km long section of the Salt Creek shear where it traverses the Gullewa Greenstone Belt and a structure to the west hosts the circa 1Moz Deflector gold mine that is owned by Silver Lake Resources. Buddadoo has historical records of exploration on prospects for gold, copper and vanadiferous magnetite but with limited amounts of drilling.
In the period CZR has held its interest in Buddadoo, the company has acquired an independent assessment of the gold prospectivity, processed the available geophysical data, completed programmes of surface sampling and mapping over areas of gold and vanadium prospectivity and completed a programme of 2,800m of exploratory RC drilling and on the vanadium gabbro.
CZR is focussed on exploring a suite of independently generated targets for orogenic gold deposits along the Salt Creek shear in the Gullewa Greenstone Belt, and is also assessing the potential of the vanadiferous magnetite as an iron-ore feedstock
