- Javelin Minerals (JAV), formerly Victory Mines, intersects high-grade copper and gold at the Coogee project in WA
- The company received assays from one-metre samples collected from drilling along the Main and Eastern trends
- One hole intersected very high-grade copper mineralisation and extended the Eastern Trend to the north and it has now been defined over 250 metres
- A separate drill hole returned one of the widest moderate grade gold intersections encountered to date north of the Coogee pit
- Javelin plans to undertake further drilling to follow up on these findings and will also conduct aircore drilling at Coogee West next month
- Company shares are trading steady at 0.2 cents at market close
Javelin Minerals (JAV), formerly Victory Mines, has received assays from one-metre samples collected from phase four drilling at the Coogee project in Western Australia.
The reverse circulation (RC) drilling program included 3000 metres and aimed to extend the Main and Eastern trends along strike and extend the one-kilometre strike length of the Coogee gold‐copper system.
Latest results have returned high-grade copper from the Eastern Trend and wide gold‐copper intersections along the Main Trend, north of the Coogee pit.
Hole CORC141 intersected very high-grade copper mineralisation including three metres at 1.08 grams of gold per tonne (g/t) and 5.85 per cent copper from 155 metres and seven metres at 2.74 per cent copper including two metres at 1.36 g/t gold and 8.34 per cent from 156 metres.
Positively this hole successfully extended the high‐grade copper shoot on the Eastern Trend by 40 metres north which means the Eastern Trend has now been defined over 250 metres.
In addition to CORC141, Javelin was impressed with CORC151 which returned 43 metres at 0.65 g/t gold and 45 metres at 0.14 per cent copper from 183 metres including four metres at 3.17 g/t gold and 0.43 per cent copper.
This intersection is one of the widest moderate grade gold intersections encountered to date north of the Coogee pit. The company believes this gold‐copper intersection may be a source feeder zone to a “large gold‐copper” system.
The next phase of exploration north of the Coogee pit is expected to comprise diamond and further RC drilling.
Diamond drilling is expected to provide structural data over the Main and Eastern trends to better understand the controls on gold and copper shoots. RC drilling will test the down-dip and down‐plunge extensions of the mineralisation within the one-kilometre gold‐copper system.
In addition, Javelin Minerals will undertake 4000 metres of aircore drilling late next month at the Coogee West area over Lake Lefroy.
Company shares were trading steady at 0.2 cents at market close.