Cazaly Resources Limited holds the rights to a major land position covering more than 2,450km² in the Ashburton Basin, in the Pilbara region of Western Australia.

The Ashburton project covers major regional structures considered to be highly prospective for gold mineralisation and occurs in the region hosting Northern Star’s (ASX:NST) Paulsen’s gold deposit and Kalamazoo’s (ASX:KZR) Mount Olympus gold deposit (Figure 1).

The project area presents an excellent opportunity for the discovery of large mineralised systems with:

• Deep seated lithospheric faults providing pathways for mineralized fluids,
• 80km strike across highly prospective structures,
• a history of very little modern exploration, and
• evidence of large mineralized systems in the district with two major gold mines located along strike

Cazaly drive their exploration using the mineralised systems approach. On ground work will continue in order to refine large camp scale conceptual targets and to generate prospect scale drill targets. Baseline geochemical surface sampling has commenced, and other field reconnaissance activities will continue. To date field work has identified:

• Two anomalous gold-copper mineralised trends extend over 50km in the northern project area, and
• Strong base metal signatures highlighting the prospectivity of regional scale structures in the southern project area.

 Prospect scale targets:

• 10km long Au-Cu trend at New Finish prospect,
• 7km long base metal (Cu-Ag-Pb-Zn) trend at Warden Pool prospect,
• 3km long base metal (Cu-Ag-Pb-Zn) trend at Ram Hole Creek prospect.