RE: RNS OUt8 Nov 2023 12:08
RNS - 8th November - Diamond Drilling Underway at Cottesloe
"Diamond drilling has started at its Cottesloe tenement. Support trucks and camp have been set up and drilling has commenced
As reported on the 17th July 2023, the Cottesloe Project contains a basinal syncline of the Broadhurst Formation. This formation consists of a package of carbonaceous shales and siltstones with known pyritic horizons. The pyritic horizons have formed into gossanous ironstones at the surface and these have returned extensive base metal anomalism in the 0.1-1.1% Copper (Cu), 0.1-3.8% Lead (Pb), 0.1-0.4% Zinc (Zn), and 2-80 g/t Silver (Ag) ranges. Other anomalous elements include Barium (Br), Manganese (Mn), Cobalt (Co), and Nickel (Ni). Rotary Air Blast ("RAB") and Reverse Circulation ("RC") drilling in the keel of the syncline has confirmed extensive anomalies in the oxidized zone. Base metal anomalies with highest grades over 2 metre samples were 0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn), 165 g/t Silver (Ag) and 0.26% Cobalt (Co) with anomalous zones extending up to 34 metres".
Said it before, price is undervalued....imho