The program also served to follow-up anomalous gold mineralisation identified by previous air core (AC) and RC drilling at various pattern densities along the trend.
The planned drill depths for the phase one program varied between 70m and 275m.
Javelin Minerals executive chairman Brett Mitchell said: “We are pleased with the rapid completion of the first phase of drilling over our Coogee project. We have identified key gold indicators along the 950m strike from drill hole CORC154 located south of the pit to CORC166 located about 450m north of the current pit. Once we receive the assays, which we expect to start coming in over the coming weeks, we will plan phase two of the program. This means we will have ongoing drilling activity and news flow from both Coogee and Eureka during the first half of 2025”.
The phase two drilling campaign is expected to start in late January/early February when results from the phase one RC program are in hand and will continue to increase to mineralised footprint between the Coogee open pit and Coogee North.
The latter contains an estimated 2.95 million tonnes containing more than 96,000 ounces of gold and more than 4000t of copper.
It will also define additional gold extensions below the current pit, where modelling has identified about 360,000t at a grade of 1.29g/t gold for a further 15,000 ounces of gold.
Drilling will also probe the new targets of the northwest trend, exploring the magnetic signatures and the northwest-trending shear that parallels the Coogee Shear which hosts the original high-grade gold mined by Ramelius.
It’s tempting to say that that Javelin is hunting “in a target-rich environment”, but it seems appropriate to the company’s name and where it finds itself in this early phase of exploration.
Indications to date show the company is identifying gold-copper potential everywhere it looks along the explored trend and has a solid footing based on structure and magnetics.
NO doubt it will be looking forward to rolling on with the phase one results and the upcoming phase two drilling kicking-off early in the New Year.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
