West Cobar Metals ticks off phase-one drilling at Bulla Park, ‘Cobar style’ copper-gold target up next
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Drilling at Bulla Park has validated the project’s geological model ahead of further drilling in the new year.
Newly listed West Cobar Metals has completed phase-one drilling at its Bulla Park Project on the western margin of the Cobar Basin in central NSW with assays received for the first two holes – BPD01 and BPD02.
West Cobar (ASX:WC1) hit 17m at 0.13% copper and 7 g/t silver in hole BPD01 and 11m at 0.15% copper as well as 5 g/t silver in BPD02, confirming the stratabound mineralisation model the company has developed.
Visual inspection of core from subsequent diamond holes has also been undertaken and indicates that BPD03 contains zones of disseminated copper mineralisation while BPDO4 contains zones of disseminated copper, lead, and zinc mineralisation over a 63m interval.
WC1 CEO David Pascoe said the information gained will allow the company to determine the program at Bulla Park going forward.
The company looks forward to kicking off drilling at Mount Jack and its other projects in the region in the new year.
“The Mount Jack Prospect provides a clear compelling target for a Cobar style copper-gold deposit and it is disappointing that this drill hole has now been delayed due to the heavy rains,” Pascoe said.
“However, the program will continue at Mount Jack as soon as access is possible, in addition to preparations for drilling at the Cawkers Well gold prospect as well as the Nantilla Prospect (base metals and gold potential).”
West Cobar is planning an initial 400m diamond hole at Mount Jack, which will test a bulls-eye aeromagnetic and ground magnetic anomaly.
Although heavy rains in central NSW have restricted access to the Mount Jack area, planned drilling is now set to take place once the ground conditions are dry.
The expectation is this will be early in the New Year, although it is possible that it will commence earlier.
This article was developed in collaboration with West Cobar 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.