The three sections separated by 300 metres of slim-line, inclined (-60o ) RC holes to depths between 72 and 99 metres typically collar in transported cover and regolith but intersect a mixed sequence of mafic and felsic rocks that are typical of greenstone belt geology in the Yilgarn.
The drill-holes intersected intervals that are sheared and contain a variety of alteration types which are not evident as outcrop and are typical of alteration systems that can be gold-bearing. The first completed section on 6839000N outlines a zone of high interest with trace to moderate amounts of sulphide reported in the drillchips over an interval of about 200 metres wide between BUDRC040 and BUDRC043.
All the RC holes have been first-pass sampled on 4 metre composites and will be fire-assayed for gold. The samples are being transported to
The drilling programme has now been suspended in response to very wet ground conditions adjacent to the
CZR, in consultation with the drilling contractor, is rescheduling the remainder of the programme in 4 to 6 weeks when the area has had time to dry. In the near term, CZR will move the focus of its exploration team onto the planned iron-ore and gold exploration programmes on its projects in the Pilbara.
Background
The 300km2
Buddadoo has historical records of exploration on prospects for gold, copper and vanadiferous magnetite but with limited amounts of drilling. In the period CZR has held its interest in Buddadoo, the company has acquired an independent assessment of the gold prospectivity, processed the available geophysical data, completed programmes of surface sampling and mapping over areas of gold and vanadium prospectivity and completed a programme of 2,800 metres of exploratory RC drilling and on the vanadium gabbro (CZR releases to the ASX:
CZR is focussed on exploring a suite of independently generated targets for orogenic gold deposits along the
Contact:
Dr
Tel: +61 8 9468 2050
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