Cosmo Metals (ASX:CMO) drilling at the Mt Venn copper-nickel-cobalt prospect as part of its Yamarna project has expanded the mineralised envelope found in earlier reported drilling.
The results are from a 16-hole (2,204m) reverse circulation (RC) drilling program at the company’s Yamarna Cu-Ni-Co Project east of Laverton in the Eastern Goldfields of Western Australia.
Cosmo reports that overall, the Mt Venn drill program successfully expanded the mineralised envelope with the results from this program to be incorporated into the exploration target study being undertaken by the company’s consultants.
The program comprised of 12-holes (1,494m) to test extensions and infill mineralisation at the Mt Venn prospect, as well as four holes (710m) at Eastern Mafic tested the ML3 and ML13 targets previously defined by moving loop electromagnetics (MLEM).
The 12-hole program was designed to extend and infill copper-rich sulphide mineralisation hosted within gabbroic rocks of the Mt Venn Igneous Complex. Ten of the holes drilled at Mt Venn intersected significant copper mineralisation with one hole (YARC016) abandoned at 20m due to difficult ground conditions.
Commenting on the results, Cosmo Managing Director James Merrillees said: “These results provide our exploration team with further evidence that our Yamarna projects hosts a significant mineralised system with potential for economic base metals.
“We’ve now encountered thick, shallow, and continuous copper mineralisation over two RC programs”
We’ve now encountered thick, shallow, and continuous copper mineralisation over two RC programs and the results at Eastern Mafic give us encouragement that we’re on to another copper system.
We’re greatly looking forward to following up this work with geophysical surveys to generate more targets at Eastern Mafic and we’ll recommence RC drilling at Mt Venn in the coming weeks with a program designed to test extensions along strike to the north, south and at depth.
The opportunity for Cosmo to identify world-class base metal deposits at Yamarna remains enormously exciting.”
Cosmo Metals is an ASX-listed, base metals exploration company focused on the advancement of its flagship Mt Venn, Winchester and Eastern Mafic projects in the underexplored Yamarna Belt.
The Yamarna Belt is considered highly prospective for copper-nickel-cobalt (Cu-Ni-Co) and platinum group elements (PGE), and Cosmo’s well regarded technical team is advancing exploration on multiple fronts to unlock the potential of the region.
Images: Cosmo Metals Ltd
