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Cosmo Metals Limited ( (AU:CMO) ) has provided an update.
Cosmo Metals has completed the reverse circulation phase of a high-impact drilling program at its Kanowna Gold Project in the Eastern Goldfields, drilling six holes for 875m across the Don Alvaro, Adder and Laguna Verde prospects. The work included a 100m pre-collar for a 400m diamond hole at Laguna Verde, co-funded under the state’s Exploration Incentive Scheme, with samples now at a Kalgoorlie laboratory and assays expected in coming weeks.
The program is testing for large-scale, high-grade Invincible and Kanowna Belle style deposits along a +8km strike of the Kanowna Shear Zone, where earlier drilling at Don Alvaro returned strong gold intercepts and the Adder trend shows a +2km saprolite anomaly with little deep drilling. A diamond rig has been secured to begin the next phase, which could materially advance Cosmo’s understanding of the project’s scale potential and enhance its positioning in the Kalgoorlie gold district if significant results emerge.
More about Cosmo Metals Limited
Cosmo Metals is an ASX-listed exploration company focused on gold and base metals projects in Western Australia. Its Kanowna Gold Project lies 13km northeast of Kalgoorlie, adjacent to Northern Star Resources’ large Kanowna Belle operation, and targets structural and sediment-hosted gold along the Kanowna Shear Zone.
Average Trading Volume: 723,711
Technical Sentiment Signal: Sell
Current Market Cap: A$5.89M
Learn more about CMO stock on TipRanks’ Stock Analysis page.