CZR Resources (ASX:CZR) has electrified the Mallina Basin exploration scene, unveiling high-grade assay results from its flagship Croydon Gold Project that confirm a robust new mineralised system.
The reverse circulation drilling program at the Top Camp deposit delivered standout intercepts, headlined by a massive 51-meter strike grading 1.3 g/t Au, including a premium 15-meter sub-interval at 2.5 g/t Au.
Further highlighting the project's high-grade potential, drillhole CRC043 returned 2m at 10.1 g/t Au, reinforcing the geological continuity of the 2019-20 discovery.
Strategically positioned just 50km from Northern Star's world-class Hemi Gold project, Croydon is benefiting from a massive capital infusion.
Following the $75 million sale of its Western Australian iron ore assets last year, CZR has pivoted aggressively toward precious metals.
Management confirmed that drilling is slated to resume in March, targeting both Top Camp and the prospective Bottom Camp area.
While early-stage risks regarding grade continuity remain, the results solidify Top Camp as a significant contender in a region known for Tier-1 discoveries. CZR maintains a 70% stake in the project.
At the time of reporting, CZR Resources' share price was $0.32.