Coolabah Metals Limited (ASX:CBH) has commenced a maiden RC drilling programme commencing at the Coolabah Licence EL9287, near Girilambone, NSW, Australia.
The drillholes are designed to test subtle EM targets identified by the HeliTEM2 airborne electro-magnetic (EM) survey completed in July 2022 12km north-west of Girilambone, NSW.
Coolabah completed processing and interpreting EM data obtained from the HeliTEM2 survey and eight anomalies have been delineated from the results and the anomalies have been prioritized.
The two highest priority EM targets have been modelled along with a 3D inversion model of the magnetics; one of the two subtle EM conductor plates (Manchester) displays a very close spatially relationship to the modelled magnetic anomaly. The modelled EM anomalies are spatially associated with the magnetic high and surface rockchip samples up to 5,500ppm copper.
The current RC programme at Coolabah EL9287 is targeting the two modelled EM conductors associated with the magnetic high.
“Significant rainfall and flooding last year prevented drill rig access at the Coolabah Project, instead we bought the Gunpowder Creek Project drilling near Mt Isa forward in the schedule. The Gunpowder Creek drilling returned some excellent results (5m @5.70g/t Au from 108m) in the first ever drilling programme at the Golden Sunset Prospect,” Managing Director, Cameron Provost, said.
“Now we have access to the Coolabah Project we are pleased to be finally able to roll out the rig onto our name’s sake project for another first ever drilling programme within EL9287.”
Ground truthing and reconnaissance work is currently being conducted over additional anomalies identified by the recent HeliTEM2 survey.
Coolabah commissioned Xcalibur Multiphysics to conduct the 996-line km HeliTEM survey, covering a total area of over 210sq. km, well over half of the entire tenement (EL9287).
Coolabah Metals aimed at utilizing an airborne EM survey to determine basement conductors, potentially representing Besshi Style massive to semi-massive sulphide accumulations similar to the Girilambone District Deposits.
For further information please visit: https://coolabahmetals.com.au/
