Cazaly Resources: Mount Venn Gold Project exploration licence and access granted

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Cazaly Resources has been given the go-ahead to access and explore Exploration Licence E38/3111 covering the Mount Venn Gold Project.

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It follows the recommendation from the Department of Aboriginal Affairs to grant access permit to the licence which lies within the Cosmo Newberry Aboriginal reserve.

The Mount Venn project is located just 40 km west of Gold Road Resources’ Gruyere gold deposit in the Eastern Goldfields region of Western Australia.

Joint Managing Director Nathan McMahon said Cazaly has defined highly prospective gold targets within the project following a comprehensive re-assessment and re-processing of historic regional geophysics, geology and geochemistry.

He said the logistics for the commencement of initial works, including drilling, are currently being arranged, adding that the work will focus on the Three Bears prospect area.

“Finalising the grant and obtaining access to the Mount Venn Project will now see Cazaly commence its on ground exploration at Mount Venn,” Mr McMahon continued.

“We would like to thank the Central Desert Native Title Service, the Yilka People and the Cosmo Newberry Aboriginal Corporation for their support in achieving this and the Company looks forward to a highly active 2017 on this exciting project.”