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