Announcement Date: 2022-02-28
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Javelin Minerals Ltd.
Project name: Coogee
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 3m @ 1.08g/t Au, 5.85% Cu from 155m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Javelin Minerals Limited (“Javelin”, ASX: JAV or “the Company”) is pleased to announce further encouraging gold and copper assay resultsfrom 1m samples collected from the fourth phase RC drilling programme at its Coogee Project (“Coogee”). Coogee is located approximately 55km south‐east of Kalgoorlie and immediately to the west of Silver Lake Resources’ Randalls Mill (Figure 4). Significant 1m gold and copper intercepts are detailed above, and full anomalous results are set out in Appendix 1, Table 1. Commentary on results Very high‐grade copper mineralisation in drill hole CORC141 (3m @ 1.08 g/t Au and 5.85% Cu from 152m, including 2m @ 8.34% Cu) has been confirmed by the new 1m sample assays. This intersection is characterised by semi‐massive chalcopyrite at the contact between a sheared mafic and carbonate lithologies. CORC141 has successfully extended the high‐grade copper “shoot” on the Eastern Trend by 40m further north of the Phase 3 drill hole CORC096 (6m @ 0.76 g/t Au and 2.54% Cu). The Eastern Trend has now been defined over 250m and the grade and thickness of this high‐grade shoot is considered very encouraging (Figures 1 and 4) and further drill testing of this shoot/zone is proposed.
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