AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Drilling to begin at Duke of York prospect
- Focus on untested 2km zone between historic mines
- Earn-in deal progresses with Brightstar Resources
Cazaly Resources (ASX:CAZ) is advancing exploration at its Goongarrie Gold Project in Western Australia, with a new drilling program designed to unlock the region's untapped gold potential. The company is preparing to launch an initial round of aircore and reverse circulation drilling over the Duke of York prospect, a site located within the prolific Bardoc Tectonic Zone.
This drilling campaign will focus on areas between two key locations: the historic Jenny’s Reward Mine and the currently operating Goongarrie Lady Mine. While the broader Bardoc Tectonic Zone has been the site of gold discoveries in the past, large sections — particularly a 2km stretch between these mines — remain underexplored. Cazaly aims to investigate this gap, targeting extensions of known mineralisation both along strike and at depth.
The decision to drill follows a comprehensive reassessment of historical data and exploration records across the Goongarrie region. The findings pointed to several promising targets that had not been fully evaluated in the past, prompting Cazaly to move forward with drilling plans. Approvals have been submitted and are currently pending, with activity expected to commence shortly.
Located in the northeastern Goldfields of Western Australia, the Goongarrie Project spans 70 square kilometres of greenstone belt within the Kalgoorlie Terrain — a region known for its rich mining history. The project is seen as a key asset for Cazaly, which is working toward maximising its exposure to potential gold discoveries across the 12km-long Bardoc Tectonic Zone strike length.
This development also marks progress in Cazaly's joint venture agreement with Brightstar Resources (ASX:BTR). In March, Cazaly officially exercised its option to enter the earn-in arrangement, which allows it to secure a majority stake in the project. The terms involve staged investment milestones: an initial $1 million exploration spend within 12 months to earn a 25% stake, followed by another $1 million over 18 months for a 51% stake, and a final $1 million within a subsequent 18-month period to reach an 80% holding.
As drilling begins at Duke of York, Cazaly is already mapping out additional campaigns across the region. These efforts will include further drill planning and broader regional exploration to fully assess the potential across the Goongarrie Project’s extensive footprint.
