Cosmo Metals acquires Bingara and Nundle projects in NSW, Australia
Cosmo Metals, a metal and basic metal exploration company located on the Australian Stock Exchange (ASX), has acquired Bingara and Nandru Gold Antimony and Copper Exploration Projects in the New England Orogen Belt of Australia (NSW).
The project, which covers an area of 743km², has been identified as having the highest antimony gold potential in the state, except for the nearby globally important Hillgrove project owned by Lalbot Resources.
With a continuous area of 484.1 km², the Bingara project includes two mineralized trends, north and south along the Peel fault system.
The Nundle project, which covers 259.1 km², also includes major future target areas along the Peel fault.
High-density photodetection and range (LIDAR) and high-resolution image capture studies provided detailed digital topography models to guide future exploration activities and were completed throughout the project.
Cosmo Metals is currently focusing on implementing exploration strategies across these projects.
“We’re committed to providing a great opportunity to help you,” said Ian Prentice, Managing Director at Cosmo. “Cosmo is pleased to complete the acquisition of the Bingara & Nundle project and is excited to begin investigating these unexpanded assets.
“The Hidden Treasure – Spring Creek trend presents a compelling first-pass drill target as a follow-up to previous shallow grade gold drill intercepts. This is just one of many prospects for the 743km² land package hosted in the New England Orogen, which hosts many of Australia’s most valuable gold, copper and copper deposits.
The COSMO technical team confirmed the presence of a mineralisation system that has been rarely tested in Bingara and Nundle during site visits during the options period. LIDAR data is expected to help us discover potential extensions of these systems.
The first on-ground activity focuses on the trends in Bingara’s main target area, particularly the hidden treasure, Spring Creek.
In the Spring Creek area, additional geological mapping and sampling are planned to improve drill targeting and understand controls regarding mineralization.
Additionally, early stages of mapping and rock-chip sampling have been proposed for Evans and Corrigan’s targets northwest of the Bingara project, assessing historical work and potential mineralization.
August 2024, Cosmo Mining work has been expanded They acquired two tenements at the Canown Gold Project in Western Australia.
“Cosmo Metals acquires Bingara and Nundle projects in NSW, Australia” was originally created and published Mining Technologya brand owned by GlobalData.