Kalkine: Cazaly Resources (ASX:CAZ) Secures Drilling Green Light at Goongarrie Gold Project, Adding Spark to ASX200 Mining Buzz

June 10, 2025 02:37 PM AEST | By Team Kalkine Media

Kalkine: Cazaly Resources (ASX:CAZ) Secures Drilling Green Light at Goongarrie Gold Project, Adding Spark to ASX200 Mining Buzz — Image source: Shutterstock

Drilling Approvals Set the Stage for Gold Exploration

With regulatory clearances now secured, Cazaly Resources will proceed with both reverse circulation (RC) and aircore (AC) drilling programs. The company is set to commence drilling operations imminently, following preparatory groundwork. These approvals pave the way for a significant phase of exploration aimed at unlocking deeper value in the Goongarrie region, which has already shown promising signs of gold mineralisation.

Heritage Survey Clears the Path

Prior to the drilling approvals, a comprehensive heritage survey was completed across the proposed drilling zones. The absence of any identified heritage sites in the designated area ensures a seamless path forward for drilling operations. This clearance removes potential roadblocks and underpins the project’s compliance with responsible and sustainable exploration standards.

Focus on High-Grade Intercepts

The upcoming RC drilling program is designed to target previously identified anomalous gold intercepts, adding a layer of excitement around potential resource upgrades. Historic intercepts at the Duke of York prospect include notable results such as:

8 metres @ 10.7g/t gold
13 metres @ 3.5g/t gold
3 metres @ 6.3g/t gold
4 metres @ 2.7g/t gold

These promising intercepts hint at a potentially rich mineralised system, making this a key phase in the company’s broader strategy.

Positioning in a Broader Market Context

While Cazaly Resources isn’t a member of the S&P/ASX200 itself, the broader gold and resources sector within the index has seen a resurgence of activity, driven by commodity price dynamics and renewed exploration interest. As investors navigate a landscape that includes both growth-driven explorers and stable ASX dividend stocks, companies with active drilling programs and promising targets may continue to garner attention.

The progress at Goongarrie highlights the value of proactive exploration in a region with a rich mining history. With drilling now imminent, market watchers will be looking closely at what results Cazaly Resources (CAZ) can deliver next.

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