Cosmo Metals commences diamond drilling at Kanowna gold project

• Diamond rig mobilised for second phase of Kanowna drilling.
• Drilling underway on deep WA Gov’t co-funded diamond hole at Laguna Verde.
• Laguna Verde hole targeting interpreted extension of Fitzroy Fault.
• Diamond tails on RC holes at Don Alvaro, Adder.

Cosmo Metals (ASX:CMO) has kicked off a diamond drilling phase of a program at the Kanowna gold project near Kalgoorlie in Western Australia. Diamond drilling represents the second phase of Cosmo’s high-impact drilling program at KGP, following on from an RC drilling phase that consisted of six holes for 875m.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more

That program included a 100-metre pre-collar at Laguna Verde, where an EIS co-funded WA Government 400m deep diamond drill hole is now underway.

The KGP is located just 13km from Kalgoorlie and adjacent to Northern Star Resources’ seven million ounce plus Kanowna Belle gold mine.

Cosmo’s managing director, Ian Prentice, said the KGP represents an opportunity for large-scale structural and sediment-hosted gold discoveries, being prospective for high-grade Invincible and Kanowna Belle style deposits, in the heartland of the Western Australian Goldfields.

“It is fantastic to have the diamond phase of this high conviction drilling program underway so soon after the completion of the RC drilling – a great effort by the team to maintain exploration momentum on our Kanowna gold project right next door to Kanowna Belle and on the doorstep of Kalgoorlie,” Mr Prentice said.

“We are very excited to see what the drill core uncovers from the EIS co-funded 400m deep diamond hole at Laguna Verde. The team will then move on to selected diamond tails at Don Alvaro and Adder.

“We are very much looking forward to sharing with investors what this drilling reveals while we eagerly await the initial results from the RC drilling.”

Diamond drilling samples from the RC drilling are now in the laboratory, with analysis prioritised for the Don Alvora and Adder holes. Assay results are expected in coming weeks.

The 400m deep diamond hole at Laguna Verde is targeting a structural setting in the vicinity of the potential extension of the Fitzroy Fault, an important structure associated with gold mineralisation at the nearby Kanowna Belle gold mine.

CMO is steady at 1¢. Mkt cap $6.899M.

Join the discussion: See what HotCopper users are saying about Cosmo Metals Ltd and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.