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Cazaly intersects two sulphide zones with Vanrock diamond hole
Mining
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Cazaly’s sole exploration diamond hole at the Vanrock polymetallic project in Queensland has intersected two separate semi-massive sulphide zones.
The hole, which was drilled to a depth of 521.2m to test a coincident magnetic and airborne EM anomaly, the Vanrock Target, also intersected potassic alteration associated with the sulphidic zone sporadically throughout the drill hole.
Additionally, quartz diorite with disseminated pyrrhotite was also intersected, which correlates with the modelled magnetic target
Cazaly Resources (ASX:CAZ) had sole-funded drilling of the hole under an option agreement with Lynd Resources to acquire a 60% stake in the Vanrock project.
Up to $171,370 of the cost of drilling will be reimbursed under the Queensland Government’s Collaborative Exploration Initiative.
“We are pleased to have intersected multiple zones with semi-massive sulphides within this drill hole. Now we await the assays in order to complete our interpretation,” managing director Tara French said.
Drill results
The drill hole intersected a substantially thinner than modelled cover sequence, which consists of clayey quartzose-feldspathic sandstone and sandy claystone to a down-hole depth of 98m.
It intersected two sulphide zones with the first zone of 4m from 211.95m containing sphalerite (zinc sulphide), galena (lead sulphide) and chalcopyrite (copper sulphide) while the second sulphidic zone extends from 264.3m to 272.54m.
Strong potassic alteration was logged adjacent to both sulphidic zones and was also noted to occur sporadically further down hole associated with carbonate (and some quartz veins).
The Vanrock target is considered to have potential for Andean-type silver-tin-zinc-copper-lead mineralisation such as the Tier 1 Cerro Rico de Potosi deposit in Bolivia.
Adding interest, Gold Aura – now Crater Gold Mining – had previously made polymetallic discoveries nearby, undercover at the A1 and A2 prospects to the southwest.
This article was developed in collaboration with Cazaly Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
