Cazaly Resources (ASX:CAZ) stakes its claim on Goongarrie: drilling into gold’s hidden corridor

Cazaly Resources (ASX:CAZ) has exercised its option to earn up to 80% of the Goongarrie Gold Project, marking a strategic move into one of Western Australia’s lesser-explored but structurally prospective gold corridors.

The move isn’t just another land grab. This is a bet on structural complexity — the type of ground where gold likes to hide.

Goongarrie’s 12km stretch of the Bardoc Tectonic Zone (BTZ) sits on the northern tip of the legendary Boulder-Lefroy Shear Zone, which has spat out more ounces than a Mint conveyor belt.

Key highlights:

• Option exercised to earn up to 80% of the Goongarrie Gold Project from Brightstar Resources (ASX: BTR)

• Initial $1m spend triggers a 25% stake, with staged investment ramping up to 80%

• Drilling planned at Duke of York and Hastings prospects, targeting high-grade historical intercepts

• Nearby success at Gorilla Gold’s Lakeview prospect lends geological credence

Cazaly Resources Managing Director Tara French isn’t one to overstate the obvious, but she sees something in the overlooked data:

“We’ve been diligently working through the legal requirements to establish the foundations of the joint venture and have advanced our knowledge and ongoing target generation at the project.”

And there’s substance beneath the optimism.

Historic hits like 13m @ 3.5g/t Au (JRRC008), 8m @ 10.7g/t Au (JRRC024), and 38m @ 3.1g/t Au (KGA038) hint at mineralisation running deeper and wider than previously tested.

Meanwhile, nearby drill blitzes at Gorilla Gold’s Lakeview project are unearthing eyebrow-raising intercepts: 96m @ 2.5g/t Au, including 20m @ 6.1g/t Au. That’s not a whisper — it’s a siren.

While the Goongarrie ground has been historically drilled, the work was shallow and patchy.

Cazaly’s plan to reprocess aeromagnetic datasets and test deeper, underexplored zones along strike (including up to 10km north and south of old pits), could unlock a different scale of potential.

Of course, there are the usual WA hurdles — heritage and environmental clearances, and Departmental rubber stamps — but French says approvals are in motion:

“We are eager to provide updates on our progress as we work towards securing approvals for access and are keen to get drilling as soon as possible.”

Here’s the kicker: Brightstar, after merging with Alto Metals, seems to have moved on from Goongarrie.

That leaves Cazaly with a project that’s both geologically blessed and strategically neglected.

In a sector where proximity to ounces and proven structures is half the battle, Goongarrie could be the comeback story that’s been hiding in plain sight.

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