Cazaly getting it up there

摘要

Shareholders in Cazaly Resources Ltd would have been smiling all the way to the bank if they cashed in their stock at the end of last month after the asking price soared from 27.5 to 68 cents. What sparked the interest were drilling results from the KunanaHing project near Kalgoorlie-Boulder -- particularly at the Outridge prospect, where 58 metres grading 6.39 grams/tonne was returned from 24m. The drilling was designed to follow up on nearby historic hits of 33m at 1.79 g/t from 16m, 21m at 1.36 g/t from 15m and 21m at 2.03 g/t from 30m. Outridge is about 500 metres south of the historic Kiora open cut mine halfway between Kiora and the Mick Adams resource area (of 1.8 million tonnes at 1.4 g/t).