Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: CZR Resources Ltd.
Project name: Robe Mesa
Location: Australia
Commodities: Aluminium,Iron,Sapphire
Highlight: Drilling results incl. 21m at 56.0% Fe, 2.6% Al0
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: CZR Resources Limited (ASX: CZR) is pleased to announce the highest-grade assays yet at its Robe Mesa Iron Ore Project in Western Australia. The results are important because they outline additional DSO mineralisation outside the current Resource, which supports CZR’s plan to grow the mine life and forecast production rate. CZR Managing Director Stefan Murphy said the latest results will form part of the upcoming Mineral Resource and Ore Reserve update for the Robe Mesa iron ore project. The final 55 RC drill holes were predominantly from the northern extension of the Robe Mesa deposit (Figure 1). This area sits outside the current Mineral Resource and was drilled for the first time following heritage clearance in mid-2022. Assay results from the northern extension have returned the highest grade DSO to date, with the upper CID unit outcropping at surface, with no waste stripping required to access first ore (Figures 2 and 3). Final assay results were also received for the southern in-fill drilling, targeting lower CID mineralisation below the pit designs modelled
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