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CAZ - Cazaly Resources

greggles

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That single diamond drill hole at Vanrock is coming up in September. A lot going on at the moment. News can't be far away.

 

greggles

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CAZ continuing to be active on social media.



The link in the Tweet leads to a Mining.com.au article dated 10 August 2022 that outlines CAZ's Hall's Creek Project and its potential.
 

greggles

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Ashburton Exploration Update announced today was shrugged off by the market. It was more of a summary than anything else.

Airborne Electromagnetic Survey. Check.
Fine Fraction Surface Sediment Sampling, Check.

Final word from MD Tara French sums up the current Ashburton position:

Cazaly’s MD Tara French commented “While we await final drill assay results for Vanrock and our Halls Creek Copper Project, we are pleased to be progressing exploration activities across our large landholding in the Ashburton. This geochemical sampling completes our comprehensive early-stage surface geochemical programme. This dataset, used in conjunction with all available geophysical data will aid in vectoring towards discrete targets within the Ashburton tenement package. Once the final EM results are received and interpreted, we will be able to utilise all datasets to rank and prioritise areas for further work.”
 
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Ashburton Exploration Update announced today was shrugged off by the market. It was more of a summary than anything else.

Yeah not sure why the news was taken so badly. Looks pretty innocuous at face value. Probably get some other news in a couple of days and be back up 13%, lol. Specs :bored:
 

greggles

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Yeah not sure why the news was taken so badly. Looks pretty innocuous at face value. Probably get some other news in a couple of days and be back up 13%, lol. Specs :bored:

Only $128,000 in turnover today so just some weak hands exiting. I'm waiting for the Halls Creek assay results, which are due sometime this month.
 

greggles

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Halls Creek Bommie Prospect assay results are in and it looks like a mix of positives and negatives.

Positives are broad widths and mineralisation from surface which means low cost production. Negatives are the low grades. Low grades are run of the mill with Porphyry copper deposits so I suppose there is no real surprise there.

Unfortunately these assay results just weren't impressive enough to move the share price north and it's still treading waters in the mid-3s.

a794675611c844dd95a3f41d7adcab24-0001-min.jpg
 

greggles

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Vanrock mostly a duster. 6.7m of mineralisation in a 521.2m diamond drillhole isn't exactly a spectacular result. CAZ not proceeding with the JV.

Disappointing but in the end it didn't cost CAZ much after the Queensland Government’s Collaborative Exploration Initiative grant. Share price steady at 3.3c.

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