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- Results received for diamond tails from at Don Alvaro and Laguna Verde
- Broad mineralised zone hit in WA government (EIS) co-funded hole at Laguna Verde
- Result confirms continuity of mineralisation at Laguna Verde
- Wide anomalous zones at Don Alvaro on strike from high grade intersections
Cosmo Metals (ASX:CMO) has received high-grade assay results from a key drilling program at the Kanowna Gold Project (KGP) in WA.
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The results include significant assays from a broad mineralised zone intersected in a WA government (EIS) co-funded hole at Laguna Verde.
The results have been obtained from diamond tails that tested Don Alvaro on the Kanowna shear and Laguna Verde on the Fitzroy shear.
The WA government co-funded hole at Laguna Verde returned 14m at 0.48 grams per tonne (g/t) from 44m, including 1,0m at 1.17 from 55m, within the upper portion of weathered bedrock intersected in the RC pre collar.
This zone is approximately 150m up dip of a mineralised intersection from a hole drilled by Cosmo in 2024.
MD, Ian Prentice, said KGP represents an opportunity for large scale structural and sediment hosted gold discoveries and is considered prospective for high-grade Invincible and Kanowna Belle style deposits.
KGP is adjacent to Northern Star Resources’ save million ounce plus Kanowna Belle gold operations tenure, about 13km by sealed road north east of Kalgoorlie in the Eastern Goldfields.
“The drilling of the EIS co-funded diamond hole at Laguna Verde, which was conceptual in nature, has confirmed a broad mineralised zone that can be traced over a considerable strike length adjacent to the interpreted Fitzroy Shear, highlighting scope for a mineralised system of scale,” Mr Prentice said.
“The enhanced geological understanding gained from this hole will assist in providing context for the previous drilling and drive targeting for follow up work.
“Results from Don Alvaro continue to demonstrate an active mineralised system with indications of structural offsets along the Kanowna Shear to be investigated for future targeting.”
KGP covers 32 sq. km of contiguous tenure containing eight km strike of the Kanowna Shear Zone bisecting the Panglo Basin sediments.
Cosmo has completed an expanded drilling campaign at KGP consisting of 875m of reverse circulation (RC) drilling across six holes and 590m of diamond drilling, with two holes drilled at Don Alvaro and three holes widely spaced along two km of the underexplored Kanowna Shear at Adder.
Elsewhere, preparation for Cosmo’s upcoming drill program at the Mona copper, gold and silver prospect, the first ever drilling within the 20km long Bingara VMS belt, is advancing.
Mona is defined by substantial evidence of historic mining activity with recent assaying of sulphide rich samples from mullock dumps at the historic workings returning up to 4.93% copper, 11.65 g/t gold and 204 g/t silver.
The company is currently progressing the necessary approvals and permits in support of this program.
CMO is steady at $0.6¢. Mkt cap $4.139M.
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