Announcement Date: 2022-07-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cosmo Metals Ltd.
Project name: Yamarna
Location: Australia
Commodities: Copper,Nickel,Cobalt
Highlight: Drilling results incl. 22m @ 0.48% Cu, 0.16% Ni, 0.06% Co from 135m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cosmo Metals Ltd (“Cosmo” or the “Company”) (ASX: CMO) is pleased to announce results from a 16- hole (2,204m) RC drilling program at the Company’s Yamarna Cu-Ni-Co Project east of Laverton in the Eastern Goldfields of Western Australia. The 12-hole program at Mt Venn 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 (refer Figures 1 & 2). Drilling intersected mineralisation at the target depths with mineralised intervals comprising disseminated to massive and semi-massive sulphides (pyrrhotite>>chalcopyrite) hosted within a mafic (gabbro) to ultramafic (pyroxenite) unit adjacent to the contact with felsic-intermediate volcanics and volcaniclastics. Selected new intersections at Mt Venn include (refer Appendix A for details of all collar and significant intervals) As noted above hole YARC016 was abandoned at 20m due to difficult ground conditions and the overall program was slow due to the problems with the rig. The Company therefore postponed the drilling of six holes originally planned to test for deeper extents of copper mineralisation at Mt Venn.
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