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Cosmo Metals Limited ( (AU:CMO) ) has provided an update.
Cosmo Metals Limited has identified a 12km zone of intense historical mining activity within the Bingara Goldfield, known as the Star of Bingara to Lone Hand Trend. This area, centered on the Spring Creek prospect, shows significant potential for gold mineralization, with reconnaissance sampling returning high-grade rock chip results. The company is advancing permits for a maiden drilling program at Spring Creek to explore the southern extensions of shallow mineralization and follow up on historical drilling results. This development positions Cosmo Metals to potentially uncover a substantial mineralized gold system, enhancing its exploration prospects and industry standing.
More about Cosmo Metals Limited
Cosmo Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of gold, antimony, and copper, with a particular emphasis on the Bingara Goldfield in New South Wales, Australia.
Average Trading Volume: 528,177
Technical Sentiment Signal: Hold
Current Market Cap: A$7.53M
See more data about CMO stock on TipRanks’ Stock Analysis page.