- Cosmo Metals (CMO) defines high priority base metals to target for its next bout of drilling at the Yamarna project in Western Australia
- The company received results from recent survey work at its Yamarna and Winchester projects, which includes Mt Venn and Eastern Mafic
- The survey identified a strong conductor at the Minjina prospect, off-hole from base metals mineralisation, with results including two metres at 2.13 per cent zinc, 3.56 g/t silver and 0.39 per cent lead from 58 metres
- Cosmo now plans to commence a ground electromagnetic survey this week
- Cosmo Metals last traded at 12 cents on October 3
Cosmo Metals (CMO) has defined high priority base metals to target for its next bout of drilling at the Yamarna project in Western Australia.
The company received results from a downhole electromagnetic (DHEM) survey which was recently completed at the company’s Yamarna and Winchester projects, which includes Mt Venn and Eastern Mafic.
Cosmo’s DHEM survey aimed to test for off-hole conductors at Mt Venn, noting that copper, nickel and cobalt mineralisation at Yamarna was hosted by conductive sulphide minerals.
The survey identified a strong conductor at the Minjina prospect, off-hole from base metals mineralisation, with results of 12 metres at 0.8 per cent zinc, 3.3 grams per tonne (g/t) silver and 0.16 per cent lead from 48 metres, including two metres at 2.13 per cent zinc, 3.56 g/t silver and 0.39 per cent lead from 58 metres.
Cosmo Metals Managing Director James Merrillees said the team is excited by results from the DHEM survey at Minjina, which was a completely ‘blind’ target associated with known base metals mineralisation.
“Minjina represents a compelling target given the association of a strong DHEM conductor with known base metals in previous drilling and widespread copper in surface sampling,” he said.
“Minjina’s proximity to Mt Venn has the potential to be a game changer in our Yamarna strategy.”
The company said it plans to commence a ground moving loop electromagnetic survey this week at Minjina, with the program to include high priority copper-nickel targets at Eastern Mafic and Winchester.
A 2000-metre reverse circulation (RC) drilling program has also been planned to launch in the December quarter to test the Minjina target, along with high priority targets at Eastern Mafic and Winchester.
“With an RC rig lined up in November to test this target, a crew is out in the field again this week collecting moving loop EM to define further targets at Eastern Mafic and Mt Venn for testing post the Minjina drilling campaign,” James Merrillees said.
“With results imminent from the August RC program at Mt Venn I am looking forward to a busy period for Cosmo.”
Cosmo Metals last traded at 12 cents on October 3.