Diamond Drill Rig Locked in for Kanowna Gold Project
Filed with ASX · · 5 pages · English
Summary by 6ix AI
Cosmo Metals Limited has announced the securing of a diamond drill rig for its Kanowna Gold Project, which is located near Kalgoorlie in Western Australia. The drilling program will focus on a deep hole at the Laguna Verde prospect, co-funded by the WA Government's Exploration Incentive Scheme. This phase aims to explore for gold mineralisation associated with the Fitzroy Fault, an important geological structure in the area. The company has also arranged for part-payment of drilling costs in shares to preserve cash reserves for future exploration.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Cosmo Metals
- Drill Contract Executed for Kanowna Gold Project RC Drilling
- Prospectus - Entitlement Offer
- $1.55M Secured to Fund Gold & Copper Drilling Programs
- Trading Halt
- Quarterly Activities/Appendix 5B Cash Flow Report
Later from Cosmo Metals
- Diamond Drilling Underway at Kanowna Gold Project
- High Grade Copper-Gold-Silver at Everest-Mona-Victory Trend
- Initial RC Results from Kanowna Gold Project
- Extensive Antimony Mineralised Zones at Antimony Gully
- Broad Mineralised Zone Confirmed at Laguna Verde
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