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Highlights
Cosmo Metals confirms extended strike at Folly Line gold trend
Preliminary LiDAR survey identifies over two hundred historical shafts and pits
Upcoming exploration to prioritise Hanging Rock and deep lead mineralisation zones
Cosmo Metals Ltd (ASX:CMO), listed on the ASX 200, has advanced its exploration footprint within the Nundle Project in New South Wales, confirming a significant cumulative strike length along the Folly Line gold trend. The announcement comes as part of the company's evaluation of early results from a recent high-resolution light detection and ranging (LiDAR) survey.
The exploration company is currently focused on gold and base metals projects across both Western Australia and New South Wales, targeting underexplored mineralised zones through modern survey and mapping technologies.
LiDAR Results Reinforce Structural Continuity
Initial data from the LiDAR survey covered a large portion of the Nundle Goldfield and successfully identified a network of hard rock lodes, alluvial spreads, and deep leads. This detailed imagery revealed extensive historical workings, including over two hundred shafts and pits, supporting the company’s aim of extending exploration boundaries towards legacy production areas such as the Zwers Scheelite-Antimony mine.
According to Cosmo, historical records in the region reference considerable extraction of both gold and antimony, adding further weight to the company’s ongoing analysis of subsurface mineralised structures.
Upcoming Work Focuses on Hanging Rock Zone
The exploration strategy will now prioritise the Hanging Rock area, where early assessments indicate extensive yet largely unexplored zones of hard rock lodes and alluvial formations. Cosmo has identified a significant strike length of mineralised lines at this site, complemented by numerous historical workings that have not yet been tested with modern drilling techniques.
Future steps will include ground truthing, systematic rock chip sampling, and geological mapping in high-priority zones. This groundwork is aimed at supporting drill planning across the broader Nundle Project area.
Verification and Interpretation to Support Drilling Pathways
While Cosmo awaits the balance of the LiDAR coverage, which spans the full surveyed region, the company continues to verify and compile historic exploration datasets. This dual approach—combining legacy data with cutting-edge mapping—is expected to refine exploration efforts and help define robust drill targets.
One of the prominent features highlighted by the company lies between Trevena and the Gap, where structural mapping has shown consistent trends in gold mineralisation across multiple lines of past workings. These zones will be analysed in parallel with ongoing assessments of sub-basaltic deep lead extensions.
Continued Commitment to Underexplored Goldfields
Cosmo Metals’ latest initiatives reflect a methodical and data-driven approach to unlocking the mineral prospectivity of Nundle’s historic fields. By integrating modern technology and rigorous fieldwork, the company is positioning itself to significantly expand its exploration outcomes within one of New South Wales’ least drilled gold regions.
