Cosmo Metals has engaged Blue Spec Drilling to conduct a seven-hole program at the Minjina portion of its Mt Venn Project, and two more at Eastern Mafic.

The Minjina target has been defined by two strong electromagnetic (EM) conductors, coincident with copper-in-soils making it a compelling exploration opportunity.

It was identified from interpretation of a moving loop electromagnetic (MLEM) survey, which targeted a strong downhole EM (DHEM) conductor ‘off-hole’ from historical drill hole 17MVRC004.

These intersections included 12m at 0.8% zinc, 3.3 g/t silver and 0.16% lead from 48m including 2m at 2.13% zinc, 3.56 g/t silver and 0.39% lead from 58m.

‘Game-changing’ opportunity could be on the cards

Cosmo Metals’ (ASX:CMO) managing director James Merrillees says the Cosmo team is excited by the opportunity to drill test the first rate Minjina target, located adjacent to Mt Venn where widespread, shallow sulphide-hosted base metals have been discovered.

“All of this adds up to an exciting opportunity to make a game changing discovery in the Yamarna region,” he says.

What’s next?

The RC drill program will take approximately two weeks to complete, and Cosmo will conduct portable XRF analysis on an ongoing basis during the program to confirm mineralised zones and assist with logging.

Laboratory assays will be released as they come to hand, and all holes will be cased for future DHEM surveys.




This article was developed in collaboration with Cosmo Metals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.