News Articles for CZR Resources

Coziron Resources has identified an electromagnetic conductor down-dip of the Martin prospect at its Croydon Top Camp multi-element project in WA's Pilbara region as a priority target for its upcoming drilling program. Reprocessing of 2016 electromagnetic data is underway to determine if any additional anomalies are present. Any conductive targets with coincident geochemistry will be prioritised for drilling.

Coziron Resources' directors have provided the company with $125,000 in interim funding by way of loans that are convertible into company shares for working capital. The company is planning to carry out infill drilling at its Buddadoo vanadium project in the Murchison, WA, to generate a JORC resource and has identified a number of drill ready targets at the Croydongold project in WA's Pilbara region.

Coziron Resources has completed preliminary metallurgical testwork that successfully upgraded the vanadium content for all metallurgical samples obtained from its flagship Buddadoo project near Yalgoo in WA. The next phase of work will include further sampling of RC drill holes. The company also plans to carry out a diamond drilling campaign to acquire additional samples for grindsize liberation and comminution studies.

Coziron Resources' rock chip sampling program at the Croydon Top Camp project in WA's Pilbara region has returned up to 12% copper, 2g/t gold and 0.34% cobalt at the newly named Martin prospect, which represents a drill-ready target. Sampling at the Top Camp prospect has also highlighted areas that are ready for an initial RC drilling program to delineate the subsurface rock-types and down-hole geochemistry.

Coziron Resources has uncovered large scale gold and copper anomalies at the Edamurta West and Copper Valley prospect areas within its broader Buddadoo project region southwest of Yalgoo in the Murchison. Edamurta West is defined by a 1.2km long geochemical soil anomaly elevated in gold, whilst Copper Valley lies within structural corridors that returned rock chip assays up to 15.2% copper and 1.2g/t gold.

Coziron Resources' assays of historic auger drilling at the Croydon Top Camp gold project in the Pilbara have returned a maximum result of 25g/t gold compared to the historic 8g/t gold originally produced. Upgraded levels of “pathfinder elements” for lode-style gold mineralisation were also encountered with results from the re-assaying of 182 auger pulps across the project to be used to help discern new drill targets.

Coziron Resources will ramp up its exploration and development activities at the high priority Buddadoo vanadium project and Croydon Top Camp gold project in W.A, following the procurement of $1m from its largest shareholder, the Creasy Group. At Buddadoo, funds will be directed towards drilling and metallurgical studies to prove up a JORC mineral resource, whilst RC drilling will be used to test targets at Top Camp.

Having locked away its iron ore resource in the Pilbara, Coziron Resources has now shifted gear to focus on the systematic exploration of its impressive W.A. gold and vanadium projects. The company intends to concentrate on its large Buddadoo vanadium project in the Midwest and it will also look to prove up the highly prospective Croyden Top-Camp gold project, an advanced exploration play in the western Pilbara.

ANALYSIS: It has been a high-profile week for extremely private explorer Mark Creasy, with two major pieces of news that appear likely to add to his already significant wealth.

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

The combined wealth of WA's richest public company directors fell by around $3 billion in the past year, but some individuals bucked the trend.

Junior resources companies are enjoying a renewed interest for capital raisings as investors return cautiously to equity markets after a dry 2013.

Michael Fotios, who made a fortune backing gold miner Northern Star Resources, is heading back to the stockmarket to tap into what he calls “a marked increase in investor interest over the last 3 months”.

Iron-ore explorer Coziron Resources has raised $2.5 million in equity following the execution of a share placement to sophisticated investors.

Perth-based iron ore junior Coziron Resources is considering going to the market to boost its coffers by between $15 million and $20 million, after appointing broker Renaissance Securities to manag

Base metals explorer Coziron Resources has been placed in voluntary administration.

Base metals explorer Coziron Resources Ltd has announced that its proposed joint venture partner PT GALIAN ENDAPAN BUANA has been awarded a lead export licence by the West Sumatra Government.

Advises that on 7 April 2007, 1,475,000 fully paid ordinary shares will be released from escrow.

Northbridge-based Coziron Resources Ltd has signed an agreement with Perth's Grange Resources Ltd, which could see Coziron pocket $1 million after in exchange for a 50 per cent share holding of some potential coal tenements.