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OZZ exploration returns gold

4 August 2022
ASX: OZZ
Jack Baker

OZZ Resources have brought in twin-barrel exploration results for its Western Australian holdings, identifying four attractive in-soil gold targets at Pinnacle Well as it wrapped up drilling over Rabbit Bore.

With positive results reinforcing the prospectivity of both projects, it paves the way for a hotly-anticipated pair of follow up programs.

The third phase of geochemical sampling over Pinnacle Well included its recently acquired Linger and Die mining operation, the famed Leonora site holding near-surface grades typically exceeding an ounce of gold per tonne.

Outcomes from the campaign over Rabbit Bore are expected to come in early this month from a fast-tracked campaign which targeted two outstanding areas of gold and copper exploration — with copper assays showing up to 669 parts per million.

The explorer will meanwhile continue a review over its exploration assets, which include seven projects near major gold centres and the expansive Vickers Well rare earth tenements.

OZZ’s Australian Stock Exchange-listed share price is currently trading at 10c (12.15pm UTC+ 8 hours)

COMPANY OVERVIEW

A Perth based and Western Australian focussed gold and base metal explorer with an aim of rapid evaluation to value-add for share-holders. Ozz’s projects are located near major gold producing centres in highly prospective regions near Leonora, Cue, Meekatharra and Mt Magnet in Western Australia.

COMPANY INFORMATION

ASX: OZZ

Website

https://www.ozzresources.com.au/
https://www2.asx.com.au/markets/company/ozz

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