en.Wedoany.com Reported - Cosmo Metals Ltd (ASX:CMO) has received the first assay results from the reverse circulation (RC) phase of a high-impact drilling program at the Kanowna Gold Project in the Western Australian Goldfields, intersecting high-grade gold mineralization.
The project is located 13 kilometers north of Kalgoorlie, adjacent to Northern Star Resources Ltd (ASX:NST)'s Kanowna Belle Gold Mine, which has produced over 7 million ounces of gold. The RC phase comprised six holes totaling 875 meters, including four diamond drill pre-collars and two complete RC holes. The program tested targets along the Kanowna Shear Zone, a key regional structure within the broader Kanowna Gold Project area.
Gold assay results have been received for fresh bedrock intervals from five holes drilled along the Kanowna Shear Zone, including two complete RC holes and three pre-collars for diamond drilling. The best result came from hole DARC001 at the Don Alvaro target, returning 2 meters at 3.72 grams per tonne gold from 30 meters depth, within a broader mineralized zone of 12 meters at 0.79 g/t from 30 meters. These initial results cover only the fresh bedrock portions of the holes; assays for the upper and weathered sections, as well as the diamond tail portions, are pending.
At the Adder target, the diamond tail extension of hole ADRC003 reached 270 meters, well beyond the planned depth, where the company observed encouraging alteration, veining, and sulfide mineralization. Detailed geological logging of the diamond core has been completed, and core processing is underway, with samples to be submitted for assay. Cosmo is awaiting RC assay results for the upper and weathered sections of the Don Alvaro and Adder holes. Assay results from the Laguna Verde target are also pending, where the company completed a 100-meter RC pre-collar for a diamond hole co-funded under the Western Australian Government's Exploration Incentive Scheme.
Once complete assay and geological datasets are available, Cosmo plans to design follow-up drilling along the Kanowna Shear Zone and the Fitzroy Fault target.
Cosmo Metals is a gold and base metals exploration company with projects in Western Australia and New South Wales. The company is advancing the under-explored Bingara and Nundle gold-antimony and copper projects in the New England Orogen of northern New South Wales, covering approximately 743 square kilometers. These projects host multiple historically discovered and mined high-grade gold, antimony, and copper deposits, but have seen limited exploration since the 1970s and no drilling in approximately 30 years. Additionally, the company holds the advanced Yamarna Project in the Eastern Goldfields, which hosts significant intrusion-related base metal mineralization, including the Mt Venn copper-nickel-cobalt deposit. Supported by an experienced technical team, Cosmo is advancing exploration across multiple project areas.
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