Junior explorer Coolabah Metals (ASX:CBH) has launched a fresh bout of drilling to follow up on previous ‘high-grade’ gold hits at its Gunpowder Creek Project near Mount Isa in Queensland.
Coolabah plans to drill supplementary reverse circulation (RC) holes in the area, where current interpretation suggests gold mineralisation is related to fissure veins that dip to the southwest.
Further, the company’s interpretation of the area suggests that the fissure veins form in a ‘dextral strike-slip structure’, which Coolabah says is represented by a fault dubbed ‘May Downs’.
The company says it will insert a downhole televiewer into each new hole drilled, with the detailed oriented structural information gained from the work to help it interpret and understand the gold system and how best to direct future work in the area.
Previous results from the Golden Sunset prospect include a 5m hit @ 5.7 grams per tonne (g/t) Au.
Coolabah Managing Director Cameron Provost says the previous high-grade hits in the area come from first-pass drilling back in 2022.
“The results from the previous drilling program indicated high-grade gold mineralisation with the potential for additional high-grade intercepts at the Golden Sunset prospect.
The targets located along the May Downs fault and additional drillholes will progress our understanding of subsurface geology and structural controls depicting the style of mineralisation.
“The results from the previous drilling program indicated high-grade gold mineralisation with the potential for additional high-grade intercepts at the Golden Sunset prospect”
All samples will undergo fire assay as soon as practicable.”
Coolabah’s Gunpowder Creek project comprises one exploration licence covering 119km-square, just 45km northwest of Mount Isa.
Alongside Gunpowder Creek, Coolabah owns the Nymagee Project and its namesake Coolabah Project in New South Wales, as well as the Hamden Lithium Project in the James Bay region of Quebec, Canada.
Write to Joshua Smith at Mining.com.au
Images: Coolabah Metals
