Company Announcement: First drilling by Cazaly completed at Mount Angelo Porphyry target
Cazaly Resources Limited has now completed its first pass drilling at the Mt Angelo Porphyry located 2.5km to the south west of the Mt Angelo North copper deposit and has all assays returned. A total of 5 reverse circulation holes for 862 metres were drilled within the quartz porphyry intrusive. Previous RC and Diamond core drilling returned intercepts up to 117m @ 0.32% Cu and 150m @ 0.30% Cu. The porphyry system is large with extensive intercepts of disseminated and occasional semi-massive sulphides and it appears that the entire intrusive is mineralised. The higher grade intercepts of mineralisation included 23m @ 1.00% Cu and 7m @ 1.26% Cu, indicating potential for the delineation of higher grade zones in the system.
The Company will continue to evaluate the porphyry system and is also awaiting results from the diamond core drilling recently conducted at the nearby Mt Angelo North copper deposit, located ~2.5km to the northeast, where massive copper sulphides were drilled as expected. The Halls Creek Copper Project, located in the Kimberley region of Western Australia is subject to an agreement with 3D Resources Limited (ASX: DDD, “3D”) whereby Cazaly may earn up to a 75% interest in the Project. Joint Managing Director Nathan McMahon said, “We are greatly encouraged about the large, lower grade intercepts returned from drilling over a large extent of the Mount Angelo Porphyry. Whilst it is too early to determine if the system can host economic resources, the potential does exist for a large, low grade copper deposit.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
