- West Cobar Metals (WC1) completes a phase one diamond drilling program at its Bulla Park project in New South Wales
- WC1 has completed over 2000 metres of mud rotary and diamond drilling at the Bulla Park and Mountain prospects with grades peaking at 0.14 per cent copper and 7g/t silver
- Drilling was then meant to be completed at the Mount Jack prospect, however, heavy rain in central NSW made access impossible
- Drilling was then meant to be completed at the Mount Jack prospect, however, heavy rain in central NSW made access impossible
- West Cobar ends the day 3.33 per cent in the red with shares trading at 14.5 cents
West Cobar Metals (WC1) has completed a phase one diamond drilling program at its Bulla Park project in New South Wales.
The Bulla Park Project lies approximately 110 kilometres west of Cobar and consists of two granted exploration licences and two exploration licence applications.
A total of 295 metres of mud rotary drilling and 1762 metres of diamond drilling was undertaken at the Bulla Park and Mountain prospects.
Results have been received for holes BPD01 and BPD02 with the grades confirming the stratabound model but indicating the system becomes weaker to the north and west.
Grades peaked at 17 metres at 0.13 per cent copper and seven grams of silver per tonne (g/t) from hole BPD01 and 11 metres at 0.14 per cent copper and 5g/t silver from BPD02.
Visual inspection shows hole BPD033 intersected weak copper mineralisation, hole BPD04 intersected 63.2 metres of sporadic mineralisation and hole BPD05 intersected 16.6 metres of weakly dispersed galena from 30.2 metres.
Results from holes BPD03, BPD04 and BPD05 will be received during December.
Holes BPD06 and BPD07, which were drilled at the Mountain Prospect, intersected thick arkosic sediments, showing no indications of significant mineralisation.
As a result, no core was sent for analysis.
Drilling was then meant to be completed at the Mount Jack prospect, however, heavy rain in central NSW made access impossible.
Subject to weather conditions, West Cobar expects to begin early in the new year, or earlier if possible.
A single diamond hole will be drilled to test an aeromagnetic target where modelling indicated a Cobar-style copper-gold target.
CEO David Pascoe commented on the drilling program.
“The planned diamond drilling at Bulla Park has now been completed and confirms our model of stratabound and extensive copper mineralisation,” Mr Pascoe said.
“The Mount Jack Prospect provides a clear compelling target for a Cobar-style copper-gold deposit and it is disappointing that this drill hole has now been delayed due to the heavy rains.”
“However, the program will continue at Mount Jack as soon as access is possible, in addition to preparations for drilling at the Cawkers Well gold prospect and the Nantilla Prospect.”
West Cobar has ended the day 3.33 per cent in the red with shares trading at 14.5 cents in a $6.01 million market cap.