Kalkine: Cazaly Greenlights Drilling at Goongarrie Gold Project with ASX200 Focus

June 10, 2025 01:01 PM AEST | By Team Kalkine Media

Kalkine: Cazaly Greenlights Drilling at Goongarrie Gold Project with ASX200 Focus — Image source: Shutterstock

Advancing the Duke of York and Star of Goongarrie Prospects

The Department of Energy, Mines, Industry Regulation, and Safety has given the green light for both reverse circulation and aircore drilling. This exploration is set to refine the understanding of gold mineralisation trends and validate historical data within the Bardoc Terrain Zone — a key geological structure in the region.

Previously reported drill intercepts have highlighted the potential, with standout results such as 8 metres at 10.7 grams per tonne (g/t) gold and 3 metres at 6.3g/t gold. These historical figures provide compelling direction for the upcoming program.

Strategic Exploration Plan and Project Scope

Initial efforts will be centred around reverse circulation drilling at Duke of York, aimed at identifying the strike extent and plunge direction of gold-bearing zones. This phase will also verify legacy data, enhancing geological modelling of the area. The second phase will incorporate aircore drilling, targeting an expanded 5km strike zone that includes the Goongarrie Lady and Jenny’s Reward prospects.

The exploration strategy is positioned within the 70km² greenstone belt of the Kalgoorlie Terrain and covers 12km of the highly prospective Bardoc Terrain Zone. With no heritage constraints identified in the surveyed area, Cazaly is ready to move forward without delays.

Goongarrie JV and Regional Potential

Earlier this year, Cazaly exercised its option to move forward with a joint venture agreement with Brightstar Resources (ASX:BTR), securing an 80% interest in the Goongarrie Gold Project. This partnership marks a key development in expanding exploration activities across one of Western Australia's most historically significant gold-producing belts.

The Goongarrie region’s location within the Eastern Goldfields makes it a focal point for companies seeking exposure to projects with growth potential, particularly as interest in commodities remains strong amid broader market volatility. Investors often look to such exploration initiatives as complementary considerations within portfolios that include ASX dividend stocks.

Positioning Within the ASX200 Ecosystem

While Cazaly remains a smaller-cap explorer, its operations contribute to the broader momentum of Australia’s mining sector — a cornerstone of the S&P/ASX200. As the sector continues to innovate and grow, particularly in WA’s resource-rich regions, developments like those at Goongarrie underscore ongoing investment and exploration confidence.

With drilling soon to begin, the market will be watching closely for updates as Cazaly unlocks more value from the prolific Eastern Goldfields.

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