- Cosmo Metals (CMO) is set to begin a reverse circulation (RC) drilling program on its Mt Venn and Eastern Mafic projects in WA before the end of the week
- The Junior Explorer has contracted drilling contractor K-Drill to perform around 3000 meters of RC drilling, with the job expected to take around three weeks.
- Drilling at the Mt Venn Project will target higher grade zones and extensions of thick, shallow copper mineralization encountered by Great Boulder Resources (GBR) late last year
- The rig will then move to the Eastern Mafic project to test high potential targets including an EM conductor where previous drilling has intersected up to 3.1% copper, 0.2% nickel and 0.04 % cobalt.
- Cosmo ends the day 37.9% in the green with shares trading at 20 cents
Cosmo Metals (CMO) is expected to begin a reverse circulation (RC) drilling program on its Mt Venn and Eastern Mafic projects in WA before the end of the week.
The junior explorer said he had hired drilling contractor K-Drill to carry out around 3,000 meters of RC drilling, with the job expected to take around three weeks.
Drilling at the Mt Venn project will target the higher grade zones and extensions of shallow and thick copper mineralization encountered by Great Boulder Resources (GBR) late last year.
This hole returned results of 46 meters at 0.8% copper from 141 meters, including a zone of 12 meters at 1.26% copper from 155 meters and a zone of 13 meters at 1.06 % copper from 170 meters.
The focus of the upcoming drilling program is to support resource studies, with consultancy firm Entech contracted to provide an initial exploration target during the June quarter.
Following the Mt Venn work, drilling will move to the Eastern Mafic project to test high-potential targets that include an electromagnetic conductor where previous drilling has intersected up to 3.1% copper, 0.2% nickel and 0.04% cobalt.
“The Cosmo team is excited to embark on a new RC program designed to track successful historic drilling and geophysical targets,” commented Managing Director James Merrillees.
“We have the great advantage of previous exploration activity which has identified a significant sulphide-hosted base metal system at the Yamarna Project, which greatly improves Cosmo’s chances of making a significant discovery.”
Cosmo ended the day 37.9% in the green with shares trading at 20 cents.
