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An announcement from Cosmo Metals Limited ( (AU:CMO) ) is now available.
Cosmo Metals has commenced a reverse circulation drilling program at its Kanowna Gold Project, 13 kilometres north of Kalgoorlie in Western Australia’s Goldfields, targeting structural and sediment-hosted gold mineralisation along the Kanowna Shear Zone. The campaign will test high-priority zones including the Adder trend and extensions of the Don Alvaro prospect, where earlier shallow drilling delivered significant high-grade intersections.
The initial phase comprises up to six RC holes, ranging from about 110 metres to 250 metres, and includes a precollar for a 400-metre diamond hole at Laguna Verde that is partly funded under the state’s Exploration Incentive Scheme. By focusing on Invincible- and Kanowna Belle-style targets within a 32-square-kilometre landholding adjacent to existing mines and processing capacity, the program could materially enhance Cosmo Metals’ resource potential and strategic position if it confirms large-scale, high-grade gold systems.
More about Cosmo Metals Limited
Cosmo Metals Ltd is an Australian exploration company focused on gold and base metals in Western Australia’s Eastern Goldfields. Its projects include the Kanowna Gold Project near Kalgoorlie, strategically located close to major operations such as Northern Star Resources’ Kanowna Belle mine and multiple regional processing plants, providing strong infrastructure and potential toll-treatment options.
Average Trading Volume: 623,337
Technical Sentiment Signal: Sell
Current Market Cap: A$5.3M
For a thorough assessment of CMO stock, go to TipRanks’ Stock Analysis page.