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CZR Resources Ltd (ASX:CZR)

ALERT: Price-sensitive ASX Announcement for CZR
Current share price for CZR : $0.215 -0.165 (-43.42%)+
Announcement
Release
12 Feb 2026 9:23AM
Price at Release
$0.380
Full Release
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Summary
CZR Resources Ltd has announced significant gold assay results from the Croydon Gold Project's Top Camp deposit. This marks the first major drilling program at Croydon in five years, with the recent assays confirming Top Camp as a new gold system within the Mallina Basin. The drilling, which concluded in late 2025, intersected substantial gold mineralisation, such as 51m at 1.3g/t Au and 4m at 5.1g/t Au. These outcomes expand upon the mineralisation initially discovered in 2019. Extensive geological work has been conducted, leading to an updated geological model, allowing for more targeted mineralisation discovery. With these promising results, CZR is accelerating plans to resume drilling at Top Camp and initiate drilling at Bottom Camp, also focusing on other high-priority prospects, including the expansion of the Frank’s Patch area. Further assays are expected in the coming weeks.
Key Points
  • Significant gold assay results announced from Croydon Gold Project's Top Camp deposit.
  • First major drilling program at Croydon in five years.
  • Assays confirm Top Camp as a new gold system within the Mallina Basin.
  • Recent drilling intersected substantial gold mineralisation, such as 51m at 1.3g/t Au and 4m at 5.1g/t Au.
  • These results build on initial mineralisation discovered in 2019.
  • Updated geological model developed, enabling targeted mineralisation discovery.
  • Plans to resume drilling at Top Camp and start at Bottom Camp are underway.
  • Focus on high-priority prospects, including expansion of Frank’s Patch.
  • Further assays are expected in the coming weeks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.