- Diamond drilling phase of high impact program at Kanowna Gold Project completed
- Drilling included 300m diamond tail under WA government co-funded scheme
- Diamond tail completed at Don Alvaro
- Two diamond tails completed at Adder prospect
Cosmo Metals (ASX:CMO) has received encouraging early feed-back from the diamond drilling phase of a high impact program at the Kanowna Gold Project (KGP) located just 13km from Kalgoorlie in WA.
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The company has successfully completed four diamond tails for 591.1m including the 300m diamond tail for a WA government co-funded hole at the Laguna Verde prospect.
That hole was designed to test for orogenic sediment and structurally hosted gold in the vicinity of the interpreted extension of the Fitzroy Fault, an important structure associated with gold mineralisation at Kanowna Belle.
The three other diamond tails were completed as part of this diamond drilling phase to extend a selection of the recently completed RC holes, one at Don Alvaro and two at the Adder prospect.
These holes are testing for structural and sediment hosted targets associated with the Kanowna Shear Zone, with this section of the KGP prospective for deposits similar in style to the high grade Invincible Gold deposit at St Ives.
“We are very pleased to have successfully delivered the diamond drilling phase of this high conviction drilling program; not only completing the EIS co-funded 400m deep diamond hole at Laguna Verde but also three diamond tails along the highly prospective Kanowna Shear Zone trend at Don Alvaro and Adder,” MD, Ian Prentice, said.
“Initial indications from in field logging of the core from all of the holes have been very encouraging and we are very excited to see what the detailed logging and core processing deliver and look forward to sharing this detail with investors.”
The KGP is located adjacent to Northern Star Resources’ seven million ounce Kanowna Belle gold mine.
Diamond drilling represented the second phase of Cosmo’s high impact drilling program at KGP, following on from the RC drilling phase that consisted of six holes for 875m.
Detailed geological logging of the diamond core is underway prior to core processing and submission of samples for assay.
CMO is steady at 1.0¢. Mkt cap $6.899M.
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