Cosmos Exploration (ASX: C1X) has commenced drilling at the highly prospective Quintons prospect, part of its Orange East Gold Project in the Lachlan Fold Belt of NSW, Australia.
The programme, which will comprise 1,000-1,500m Air Core (AC) and Reverse Circulation (RC) drilling, will aim to identify bedrock gold-copper mineralization within an extensive package of hydrothermally altered silts and sandstone interpreted to be part of the Anson formation, which hosts the +2Moz McPhillamys gold deposit, owned by Regis Resources and located 10km along strike to the south.
“Following the commencement of expanded field activities earlier this month, we are excited to announce the start of drilling at Orange East,” Executive Chairman, Jeremy Robinson, said.
“The Quintons prospect represents an outstanding greenfields gold target, in a world-class jurisdiction just 10km from one of the district’s biggest deposits. We are looking forward to seeing what our drilling can uncover and reporting the results to our shareholders.
“This marks the beginning of what we expect to be a transformational year for Cosmos with upcoming exploration activities at our new Corvette East lithium project in the James Bay region of Canada and the Byro East nickel-copper-PGE project in WA.”
This will be Cosmos Exploration’s maiden drill programme at the Quintons prospect. The programme will consist of 100m spaced drill-holes across four 400m spaced E-W drill sections.
The drilling will aim to identify bedrock gold-copper mineralization and associated pathfinder elements within the broader hydrothermally altered package of silts and sandstones interpreted as part of the Anson Formation, host to the McPhillamys gold deposit
The Quintons prospect is defined by abundant multi-directional quartz veins up to 600m long and 7.0m wide containing gossanous rocks within an extensive hydrothermal sericite halo identified from spectral analysis on outcropping rock chip samples.
A broad 1km x 1km As-Bi-Sb-Au geochemical anomaly in soil and rock chips has been defined over Quintons with maximum rock chip values of arsenic up to 3,170ppm, 80ppb Au, 15.75ppm Bi and 279ppm Sb. The Quintons prospect occurs at the favourable structural intersection of the regionally significant and mineralized Godolphin fault and adjoining north-south trending splay structure.
The structural position and host lithology is interpreted to be analogous to the McPhillamys deposit, located ~10km along strike to south-east
For further information please visit: https://www.cosmosx.com.au/