Cosmo Metals confirms broad mineralised zone at the Kanowna Gold Project in WA

• Broad mineralised zones returned in southernmost hole at Adder
• Intersections confirm continuity of mineralisation around 100m down dip
• Kanowna Shear at Adder remains sparsely tested below 100m vertical
• Work underway to support definition of follow up drill targets

Cosmo Metals (ASX:CMO) has confirmed a broad mineralised zone at the Adder prospect with assay results from testing of the southeastern portion of the Kanowna Shear within the Kanowna Gold Project (KGP) in WA.

Drilling at Adder consisted of three wide spaced holes (one RC hole and two RC holes with diamond tails) to identify potential mineralised positions along a sparsely tested two km section of the Kanowna Shear within the KGP.

The southern most hole at Adder (ADRD003) contained mineralised zones of 15.1m at 0.35 grams per tonne (g/t) gold from 189.9m and 12m at 0.35 g/t from 209m within a broad mineralised black shale hosted zone of 31.1m at 0.33g/t Au from 189.9m. This zone is approximately 100m down dip of a mineralised intersection of 29m at 0.48 g/t from 87m in hole 24KGRC001 which was drilled by CMO in 2024.

MD, Ian Prentice, told shareholders there is negligible drilling below 100m vertical along the 1.5km of the Kanowna Shear between ADRD003 and ADRD002, completed in the recent drilling program.

“The drilling at the southern end of the Adder prospect adjacent to Kanowna Shear has identified a large mineralised system, confirming the concept that the Kanowna Shear and associated splays are conduits for gold mineralised fluids,” Mr Prentice said.

“Having confirmed the scale potential of the mineralised system, the next steps are to hone in on the structural and lithological traps within this sparsely tested section of the shear with scope to host higher grade mineralisation.”

The KGP is considered prospective for high grade Invincible and Kanowna Belle style deposits. KGP is adjacent to Northern Star Resources’ seven million ounce plus Kanowna Belle gold operations tenure and about 13km by sealed road northeast of Kalgoorlie.

Cosmo completed a drilling campaign at KGP consisting of 875m of RC drilling across six holes and 590m of diamond drilling, with one EIS co-funded hole drilled at Laguna Verde, two holes drilled at Don Alvaro and three holes widely spaced along around two km of the Kanowna Shear at Adder.

The results of the recent drilling campaigns at Kanowna are being reviewed to determine follow up drill targets and determine proposed work programs across the greater KGP tenement package.

CMO was steady at 0.6¢ with a Mkt cap of $4.139M prior to markets opening.

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