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Cosmo Metals Limited ( (AU:CMO) ) has issued an announcement.
Cosmo Metals Limited has announced promising results from its maiden reverse circulation drilling program at the Spring Creek prospect within the Bingara Project. The initial results confirmed the presence of shallow high-grade gold mineralization, with significant intersections such as 6.0m at 9.99 g/t Au. The drilling program aims to explore further potential, including steep dipping feeder zones and extensions of gold-arsenic soil anomalies. These findings enhance the company’s understanding of the geological setting and could significantly impact its future exploration strategies, potentially unlocking further resources along the 12km Star of Bingara to Lone Hand trend.
More about Cosmo Metals Limited
Cosmo Metals Limited is a company operating in the mining industry, primarily focused on the exploration and development of mineral resources. The company is involved in projects that target high-grade gold mineralization, with a particular focus on the Bingara Project in Western Australia.
Average Trading Volume: 794,213
Technical Sentiment Signal: Sell
Current Market Cap: A$6.95M
Find detailed analytics on CMO stock on TipRanks’ Stock Analysis page.