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Exploration|Gold|PROJECT|Surface
Exploration|Gold|PROJECT|Surface
exploration|gold|project|surface

Cosmo exercises option to acquire Kanowna project

19th February 2024

By: Creamer Media Reporter

     

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Gold and base metals exploration company Cosmo Metals on Monday announced it would acquire the Kanowa Gold Project (KGP), located adjacent to the seven-million-ounce Kanowa Belle gold mine, north-east of Kalgoorlie.

The 20 km2 KGP, which comprises 12 prospecting licences, is “compelling with proven gold mineralisation”, said MD James Merrilees, citing headline drill intercepts of 18 m at 5.3 g/t gold and 10 m at 4.7 g/t gold.

"The company has identified widespread near-surface gold mineralisation at the KGP associated with structures analogous to the Fitzroy Fault, which controls mineralisation at Northern Star’s adjacent seven-million-ounce Kanowa Belle gold project,” said Merrilees.

The acquisition, he said, complemented Cosmo’s existing base metals and lithium portfolio at Yamarna and was a low-cost entry into the prolific Eastern Goldfields.

Edited by Creamer Media Reporter

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