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West Cobar Metals (ASX:WC1) has applied for two new exploration licences over prospective and under-explored ground in the Cobar district of NSW. Applications ELA7009 and ELA7010 cover 573 square kilometres, which will take West Cobar’s tenement and application areas out to ~1,090 sq. km.
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Matt Szwedzicki, West Cobar’s managing director, said the New South Wales company now has tenements – granted and applied for – covering 120km strike of the favourable stratigraphy in the upper Winduck Group sediments that host the Bulla Park copper-antimony-silver deposit.
“These new licence applications, overground highly prospective for copper, antimony, silver and gold, build on what we have learnt at Bulla Park and give… a major new opportunity to discover and develop new resources in the Cobar district,” he said.
“The historical geochemistry results and publicly available geophysical surveys from the Blind Freddie prospect already indicate potential for significant copper and gold mineralisation within the licence area of ELA7010.
“Gravity highs along strike from WC1’s Bulla Park copper-antimony-silver deposit on the new licences applied for, indicate potential for further major mineralised systems.”
Despite the high prospectivity of the areas, there has been very little previous exploration carried out on the areas applied for, the West Cobar MD added.
“Strong weathering with possible near-surface leaching of geochemical indicators, and partial coverage by younger unmineralised Mulga Downs Group sediments has deterred previous explorers,” Mr Szwedzicki said.
Exploration by West Cobar of the Bulla Park copper–antimony–silver deposit to date indicates that large mineralised systems occur in the upper part of the Winduck Group sediments, associated with gravity highs.
The company has identified several strong gravity highs within the 120km strike length of favourable stratigraphy on the ELA7009 (Lilyvale) and ELA7010 (Nullagoola) applications, as well as on WC1’s granted exploration licences at Coomeratta South.
“Research of historical info shows there are anomalous copper, lead and gold values in soils and rocks associated with these gravity highs,” Mr Szwedzicki said. “Once the tenements are granted, ground gravity surveys, geological mapping and geochemical sampling are planned for early completion, to determine drill targets.”
WC1 is steady at 2.1cps today.
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