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Highlights
- Javelin Minerals' drilling at Coogee reveals significant gold and copper deposits with grades up to 65g/t gold and 8.53% copper.
- Results indicate latent mineralization below the former open pit and potential extensions to the north.
- Ongoing efforts aim to refine geological interpretations for future exploration initiatives.
Javelin Minerals (ASX:JAV) has embarked on a promising exploration journey with its maiden drilling program at the Coogee project, located near Kalgoorlie. The initial results are substantial, revealing high-grade gold and copper intersections, which suggest considerable expansion potential beyond the current resource estimates.
The Phase One drill program uncovered multiple high-grade zones, most notably returning individual 1-meter intercepts achieving gold grades surpassing 65g/t. The significant findings also encompass copper grades reaching up to 8.53%. These results stretch over a strike length of at least 1km within the expansive Coogee gold-copper system.
Noteworthy Intersections
The standout intersections from Javelin Minerals' drilling initiative include:
- 5 meters at 14.22g/t gold from a depth of 143 meters, including a peak of 65g/t from 145 meters, and 4 meters at 1.91% copper from 144 meters (CORC163).
- 10 meters at 4.55g/t gold from 91 meters, with a notable 1-meter interval at 38.1g/t from 98 meters (CORC170).
- 7 meters at 6.42g/t gold and 2.54% copper from 108 meters, peaking at 8.53% copper from 109 meters (CORC171).
These discoveries are significant, particularly as they lie outside the current documented resources, which include 126,685 ounces of contained gold and 4,133 tonnes of contained copper.
Historical Context and Future Prospects
Coogee's potential was previously touched upon in 2013 when Ramelius Resources (ASX:RMS) conducted mining activities in the area. However, the timing coincided with subdued gold prices. Javelin's recent findings suggest there may yet be substantial untapped resources, analogous to the Dalgaranga gold project success story by Spartan Resources (ASX:SPR).
The recent 18-hole reverse circulation drill program, covering 2,921 meters, was strategically designed to explore beneath the historical open pit and probe the northern extensions, yielding additional confirmation of gold-copper mineralization.
Strategic Exploration Pathway
Moving forward, Javelin Minerals plans to integrate these findings with advanced geological data, including portable XRF analyses, to refine their understanding of high-grade structures. These efforts are expected to inform and shape future drill programs, aimed at unlocking the full potential of Coogee's mineralized zones.
This exploration initiative reflects a collective vision for significant brownfield exploration success, capitalizing on Coogee's strategic location near the renowned St Ives gold camp.
