Cooma South

Background

The Cooma South Exploration Licence EL 7163 is located approximately 25 kilometres south of Cooma in southern New South Wales. The EL covers group one minerals (metallics) and the project area is considered prospective for a range of gold, silver and base metal mineralisation styles.

History

Apart from sporadic, small-scale mining of vein-hosted gold during the early-mid 1900s, there has been minimal systematic exploration of the project area. The most extensive exploration programme over the Rock Lodge prospect (then subject to Prospecting Licence 917) is reported in GS1984/166, which covers several years of exploration of the area of PL 917 (and is wholly encompassed in the EL), and identified significant geochemical and geophysical targets that warranted detailed exploration. A campaign of nine diamond drillholes (which largely failed to intersect the targeted structures) nonetheless identified anomalous gold, silver and base metal mineralisation. Notwithstanding these early results, no follow-up work was carried out.

Geology

The project area covers a window of Ordovician sediments and metasediments, which are strongly folded and in part weakly metamorphosed and surrounded by a thick sequence of tertiary basalt.

Proposed Exploration Programme

The Company proposes a detailed programme of preliminary exploration in advance of a drilling campaign to follow up previous drilling in the area. The planned exploration work involves:

• Completion of literature review, liaison with landholders and access arrangements.
• Re-examination (if possible) and re-assay of existing core from 1984 diamond drilling campaign.
• Detailed geological mapping and geochemical sampling.
• Potential low-level aeromagnetic survey.
• Drilling based on results from the above work.

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