Coolabah Metals (ASX:CBH) has commissioned Xcalibur Multiphysics to conduct a HeliTEM airborne electro-magnetic (EM) survey in an area 12km north-west of Girilambone, New South Wales.
The company reports it is the first time a HeliTEM airborne EM survey has been completed at the Coolabah Cu-Au Project.
A 996-line km HeliTEM2 survey was completed covering an area of over 210km-square, well over half the entire tenement (EL9287).
Coolabah Metals intends on releasing the results of this survey, as soon as possible after the data has undergone processing and interpretation which is expected to be completed in about three to four weeks.
Coolabah Metals Managing Director Cameron Provost said: “EM surveys have proven to be a highly effective discovery technique in this region and were explicitly prioritised due to multiple discoveries nearby, in particular Constellation (Aeris Resources Ltd).
“EM surveys have proven to be a highly effective discovery technique in this region”
Significantly, this tenement is underexplored with no recorded historical drilling, the electromagnetic survey is designed to pinpoint the most prospective areas at depth to focus initial drill testing.
Interpretation of the EM survey data will take a few weeks to complete, with results to follow soon after. We look forward to updating the market as soon as results are tabled.”
The Coolabah Project is centred about 20km west of the historic mining town of Girilambone in central-west New South Wales and 520km north-west of Sydney.
Access within the project is via the Mitchel Highway and a well-maintained network of shire roads and station tracks. The Coolabah Project comprises four exploration licenses covering 1,177km-square.
