• Cosmo adds two new tenement applications to its budding Kanowna gold project portfolio
  • Targeting work has identified significant pathfinder geochemistry anomalism associated with high-grade prospects
  • On-ground exploration will begin immediately with reverse circulation and aircore drilling post completion of heritage surveys

 

Special Report: Two new tenement applications have been added to Cosmo’s Kanowna gold project, adjacent to Northern Star’s Kanowna Belle mine where +5.4Moz gold has been produced since 1993.

The new additions take Cosmo Metals’ (ASX:CMO) landholding at the recently acquired Kanowna gold project (KGP) to more than 22km2, comprising 14 prospecting licences across 13km of sealed road in WA’s Eastern Goldfields.

Since announcing the acquisition in January, CMO’s technical team has made considerable progress compiling historical datasets to support targeting for upcoming exploration programs.

Early-stage exploration work, including a review of historical drilling results and wide-spread surface gold mineralisation, has identified four high-priority drill-ready targets at Don Álvaro, Laguna Verde, Dugite and WKL.

Targeting work has also identified significant pathfinder geochemistry anomalism associated with high-grade prospects at Don Álvaro and Laguna Verde and the widespread supergene gold at the WKL/Dugite prospects.

Overall, CMO says there’s been little effective historical exploration carried out at the site with only 12 holes in the KGP drilled deeper than 150m.

 

Compelling potential with ‘proven gold mineralisation’

CMO managing director James Merrillees says the additional tenements along with the identification of significant pathfinder anomalism are exciting developments that pave the way for maiden drilling.

“The potential at the KGP is compelling with proven gold mineralisation adjacent to the world-class Kanowna Belle deposit, including headline drill intercepts of 18m @ 5.3g/t gold and 10m @ 4.7g/t gold,” he says.

 

Cosmo’s Kanowna gold project and new application. Pic: Supplied (CMO)

 

“Completion of the KGP acquisition complements our existing base metals and lithium portfolio at Yamarna and is a low-cost entry into the prolific Eastern Goldfields adjacent to world-class projects with exceptional infrastructure.”

 

Drilling to begin in late April  

These four targets are being reviewed with further data capture, structural and field studies to refine targets which will be the focus of drilling in CMO’s upcoming campaigns.

Drilling is scheduled to begin in late April, early May depending on progress with heritage 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.

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