Cosmo Metals Ltd (ASX: CMO) has intersected multiple zones of ‘Mt Venn style’ copper (Cu) and base metals (nickel-cobalt) mineralization with the first phase of RC drilling has been completed at the Minjina Prospect in Western Australia.
Minjina is located approximately 900m north of Cosmo’s Mt Venn copper-nickel-cobalt deposit within the Yamarna project, which is located ~150km east of Laverton in the Eastern Goldfields of Western Australia.
“The Cosmo team is excited by the results from the first phase of drilling at Minjina. The confirmation of a thickening zone of zinc mineralisation 80 metres from historical hole 17MVRC004 is a vindication of the Company’s targeting approach,” Managing Director, James Merrillees, said.
“Although not all holes drilled intersected modelled conductors the ability to mobilise a DHEM crew while we were drilling allowed us to use these holes as ‘platforms’ leading directly to the discovery of blind Mt Venn-style massive sulphide in MIRC008, which is open.
We eagerly anticipate laboratory results to support the pXRF data, which will be used to develop our targeting model, and we look forward to getting back out in the field at Minjina with geophysical crews and drill rigs early in the New Year.”
The nine-hole (1,627m) programme successfully intersected broad zones of massive to semi massive sulphides with copper (Cu) and nickel (Ni)-cobalt (Co) mineralization analogous to Mt Venn, in holes MIRC004 and MIRC008.
Hole MIRC003 intersected a broad (49m) wide zone of elevated Zn mineralization from 41m downhole confirmed by portable X-ray fluorescence (pXRF) analysis. Visual logging of MIRC003 by the Company’s geologists did not identify sulphides in this zone except for a rare-trace red mineral interpreted to be sphalerite due to the elevated pXRF readings.
For further information please visit: https://cosmometals.com.au/
