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An announcement from Cosmo Metals Limited ( (AU:CMO) ) is now available.
Cosmo Metals has secured a Kalgoorlie-based diamond drill rig for the second phase of its high-impact drilling program at the Kanowna Gold Project, 13km north of Kalgoorlie in Western Australia. The program is designed to test large-scale structural and sediment-hosted gold targets along the Kanowna Shear Zone, considered prospective for high-grade deposits similar to Invincible and Kanowna Belle.
The upcoming diamond drilling will focus on a WA Government co-funded 400m deep hole at the Laguna Verde prospect, targeting the interpreted extension of the Fitzroy Fault, a key structure linked to mineralisation at Kanowna Belle. Cosmo also plans diamond tails on recent RC holes that intersected supergene gold and pathfinder element anomalism, with drilling set to commence in the coming weeks, potentially enhancing the project’s discovery credentials and strategic value in the Goldfields.
More about Cosmo Metals Limited
Cosmo Metals Ltd is an Australian mineral explorer focused on gold exploration in the Eastern Goldfields of Western Australia. The company’s flagship Kanowna Gold Project spans 32 square kilometres north of Kalgoorlie, adjacent to Northern Star Resources’ +7Moz Kanowna Belle mine and near multiple third-party processing plants, positioning it close to established mining infrastructure.
Average Trading Volume: 672,089
Technical Sentiment Signal: Sell
Current Market Cap: A$5.3M
Learn more about CMO stock on TipRanks’ Stock Analysis page.