Cosmo Metals Ltd has completed the acquisition of the highly prospective Bingara and Nundle gold – antimony and copper exploration projects, totalling an area of approximately 743km2, in the New England Orogen of New South Wales (NSW), Australia.
Highlights
- Implementing exploration strategy with initial on-ground activities focused on Bingara.
- High-resolution LiDAR and imagery capture completed across both Bingara and Nundle.
- Spring Creek prospect at Bingara proposed for maiden drill programme to follow up shallow high-grade mineralisation identified in previous drilling such as: 6.0 m at 6.43 g/t Au from 8.0 m incl. 2.0 m at 17.59 g/t Au from 12.0 m (SC17 – Spring Creek).
- The projects cover areas of the highest antimony-gold prospectivity in NSW as mapped by the NSW Mines Department, outside of the nearby Larvotto Resources’ globally significant Hillgrove Project.
Cosmo’s Managing Director, Ian Prentice commented:
“Cosmo is delighted to complete the acquisition of the Bingara and Nundle Projects and excited to commence our exploration at these underexplored assets which feature several substantial historical mines. The Hidden Treasure – Spring Creek Trend presents compelling first-pass drill targets as a follow-up to previous shallow and high-grade gold drill intercepts. This is just one of many prospects across a 743 km2 land package which is hosted in the New England Orogen, host to many of Australia’s most valuable gold, antimony, and copper deposits.”