- Cosmo Metals (CMO) defines new high priority targets at its Yamarna copper-nickel-cobalt project in Western Australia
- The company received results from a seven-hole reverse circulation program at Yamarna which intersected “significant” copper mineralisation in all holes
- The new intersections included 18 metres at 0.48 per cent copper, 0.12 per cent nickel and 340 parts per million cobalt from 142 metres
- Meanwhile, the company also completed a moving loop electromagnetic survey over a new high priority base metals target, dubbed Minjina, with reverse circulation drilling to follow shortly
- Cosmo Metals is up 9.38 per cent and trading at 17.5 cents at 1:39 pm AEDT
Cosmo Metals (CMO) has defined new high priority targets at its Yamarna copper-nickel-cobalt project in Western Australia’s Eastern Goldfields.
The company received results from a seven-hole reverse circulation program at Yamarna which aimed to extend and infill the copper-rich sulphide mineralisation hosted within gabbroic rocks of the Mt Venn igneous complex.
Cosmo reported all holes in the program intersected “significant” copper mineralisation at targeted depths, which confirmed and extended the interpretation of the mineralisation to the north, south and down dip of the current sections.
The new intersections included 18 metres at 0.48 per cent copper, 0.12 per cent nickel and 340 parts per million cobalt from 142 metres, and 17 metres at 0.26 per cent copper from 132 metres.
Meanwhile, the company also completed a moving loop electromagnetic (MLEM) survey over the new, high-priority base metals target – dubbed Minjina – positioned just one kilometre north of Mt Venn.
“The latest intersections at Mt Venn continue to support our interpretation that Cosmo’s Yamarna projects host a significant mineralised system with potential for economic base metals deposits,” Managing Director James Merrillees said.
“We’ve now encountered thick, shallow, and continuous copper mineralisation in the three programs drilled at Mt Venn in 2022, and the identification of the Minjina prospect, a new ‘blind’ target less than one kilometre to the north of Mt Venn, supports our view of the region’s prospectivity, particularly when looked at with ‘new eyes’.”
The company has now scheduled reverse circulation drilling to begin later this month to test Minjina and other high-priority regional targets interpreted from the MLEM survey.
Cosmo Metals was up 9.38 per cent and trading at 17.5 cents at 1:39 pm AEDT.