Gravity survey has commenced at Croydon gold project, targeting intrusion-related gold mineralisation within the Mallina Basin, analogous to De Grey Mining’s (ASX: DEG) neighbouring 8.5Moz Hemi discovery Western target includes Top Camp prospect where strong gold and arsenic-in-soil geochemistry and gold mineralisation was intersected in 2020 CZR drilling, including 8m at 10.2g/t Au from 135m in CRC007 o 2m at 22g/t Au from 7m in CRC021; and o 28m at 0.6g/t Au from 147m in CRC022Eastern target covers the Murph and Martin prospects and is located in a similar structural setting to Hemi, with ultramafic and felsic intrusions but mostly under shallow sand coverSurvey expected to be completed in December, with modelling of prospective intrusions and drilling scheduled for the March Quarter 2023
CZR Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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8m at 10.2g/t Au from 135m in CRC007 o 2m at 22g/t Au from 7m in CRC021; and o 28m at 0.6g/t Au from 147m in CRC022Eastern target covers the Murph and Martin prospects and is located in a similar structural setting to Hemi, with ultramafic and felsic intrusions but mostly under shallow sand coverSurvey expected to be completed in December, with modelling of prospective intrusions and drilling scheduled for the March Quarter 2023
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