Location and Infrastructure

The Buddadoo Project lies between Yalgoo and Morawa, approximately 200 kilometers east of the port of Geraldton in the mid-west region of Western Australia (Fig 1).

The project tenements (Exploration Licences 59/1350 and 59/2349) cover a 23 kilometre-long section of the Gullewa Greenstone Belt, adjacent to the continental-scale Salt Creek Shear and next door to Silver Lake Resource’s 825,000 ounce Deflector Gold Mine.

Geology and Prospectivity

The project geology is dominated by volcanics of the Gullewa Greenstone Belt through the western half of the tenement and granites to the east. (Fig 2). Near the contact between the two terranes is a layered mafic intrusive – the Buddadoo Complex.

Historical exploration and recent gridded surface sampling by CZR Resources has identified multiple high-priority gold and copper prospects within the greenstone terranes on E59/1350. These prospects are sited along fault splays off the Salt Creek Shear, show strong anomalism for gold and copper, and are being progressively infill-sampled and drill-tested by CZR Resources.

Surface sampling and drilling of the Buddadoo Complex has revealed a zone up to 3 metres wide and 6 kilometres long containing multiple bands of closely-spaced vanadiferous magnetite. The magnetite bands are coarse- to very coarse-grained (with magnetite crystals up to 5 cm in length) and up to 1 metre in thickness. Grades in the bands are up to 20% TiO2 and up to 1.27% V2O5.