Cosmo Metals Secures Green Light for Maiden Bingara Drilling Campaign
Cosmo Metals has received regulatory approval to commence its first-ever drilling program at the Spring Creek prospect within the Bingara Project, aiming to unlock high-grade gold potential along a historically underexplored 12km trend.
- Approval granted for maiden drilling at Spring Creek prospect
- Up to 13 reverse circulation holes planned, totaling ~1,000m
- Targets shallow, high-grade gold intersections and feeder zones
- First drilling at Spring Creek since mid-1990s
- Exploration focused on 12km Star of Bingara to Lone Hand Trend
A New Chapter for Bingara Exploration
Cosmo Metals Ltd (ASX – CMO) has taken a significant step forward in its exploration journey with the NSW Resources Regulator approving its maiden drilling program at the Spring Creek prospect, part of the broader Bingara Project in New South Wales. This approval marks the first drilling activity at Spring Creek since the mid-1990s, underscoring the project's underexplored nature despite its rich historical gold workings.
Targeting High-Grade Gold Zones
The upcoming program involves up to 13 reverse circulation drill holes, totaling approximately 1,000 meters. These holes are strategically designed to follow up on previous shallow, high-grade gold intersections, such as 6 meters at 6.43 grams per tonne gold from just 8 meters depth, including a standout 2 meters at 17.59 grams per tonne. Beyond confirming these zones, the drilling will probe potential steep dipping feeder structures and test southern extensions of mineralisation associated with a strong gold-arsenic soil anomaly.
Strategic Location Along a Promising Trend
Spring Creek sits centrally within the 12-kilometer-long Star of Bingara to Lone Hand Trend, a corridor of intense historic workings that remains largely untested over several kilometers to the north and south. The project area straddles the Peel Fault within the New England Orogen, a geological setting known for hosting gold, antimony, and copper mineralisation. Cosmo’s exploration strategy leverages extensive historic drilling data, recent LiDAR and UAV geophysical surveys, and soil sampling to refine targets and guide drilling.
Building on Historical Data with Modern Techniques
Previous drilling at Spring Creek, conducted between 1984 and 1996, comprised 45 holes averaging shallow depths of under 40 meters, revealing a shallow, easterly dipping gold mineralised sheet. Cosmo’s program aims to extend this understanding by testing deeper and steeper structures that historic drilling likely missed. The integration of modern geophysical data and soil geochemistry enhances the potential to delineate new mineralised zones and expand the known footprint of gold mineralisation.
Looking Ahead
With contractor engagement underway and mobilisation planned as soon as conditions permit, Cosmo Metals is poised to unlock the potential of this high-conviction target. Managing Director Ian Prentice highlighted the significance of this milestone, emphasizing the opportunity to explore extensions of known mineralisation and the broader underexplored trend. The results from this maiden drilling campaign will be closely watched by investors and industry observers as an early indicator of the project's potential to deliver new gold resources.
Bottom Line?
Cosmo Metals’ maiden drilling at Bingara could redefine the project’s gold potential, setting the stage for future resource growth.
Questions in the middle?
- Will the drilling confirm extensions of high-grade gold mineralisation beyond historic intercepts?
- Could the program identify new steep feeder zones that enhance the project's resource potential?
- How will Cosmo Metals integrate upcoming assay results into its broader exploration strategy?
