Cosmo Metals (ASX: CMO) has commenced drilling at the company’s 100% owned Kanowna Gold Project (KGP) in WA.
Contractor Challenge Drilling has been engaged to drill the ~2,000m RC programme which will include up to 11 holes targeting gold mineralisation associated with the Kanowna Shear Zone (KSZ), a regional structure which bisects an eight km long section of the KGP.
“The team are excited to be out on the ground drilling after the completion of heritage surveys last week. The rig will be testing gold and pathfinder anomalies defined by historical drilling as well as positions along the Kanowna Shear Zone (KSZ), considered to be a primary control on mineralisation in the area,” Managing Director, James Merrillees, said.
"This will be the first ever drilling greater than 150m depth at WKL and Dugite with only one RC hole previously drilled into a more than 4km length of this major shear position.
"Cosmo’s RC programme has been broken into two phases with a pause for aircore drilling to extend and infill the historical coverage along the KSZ, before the RC rig returns to test additional targets along trend and any targets defined by the aircore programme.
"All programmes are expected to take four to six weeks to complete."
The KGP is located 1.5km west of Northern Star Resources’ (ASX:NST) world class Kanowna Belle gold operations which has produced more than 5.4Moz of gold since 1993 and currently runs at an annual production rate of approximately 150koz Au.
The 26 sq. km KGP comprises 14 Prospecting Licenses 13km by sealed road northeast of Kalgoorlie in the Eastern Goldfields of Western Australia, one of the most prolifically well-endowed gold producing regions globally.
