Western Australian Government Grant Funding25 Jul 2023 08:27
The high grade silver assays from our Cotesloe licence listed below have been extracted from the mining portal of the Government of Western Australia Department of Mines, Industry, Regulation and Safety
102g/t Ag from 14m (SCR225)
o Including: 2m at 165g/t Ag
· 2m at 73g/t Ag, 4.6% Pb from 8m (SCR247)
· 22m at 42.7g/t Ag from 8m (EWP-2)
o Including 8m at 72.13g/t Ag from 22m o
· 18m at 29.3g/t Ag from 6m (EWP-3)
· 20m at 35.9g/t Ag from 2m (EWP-7)
o Including: 2m at 100g/t Ag from 8m
o Including: 4m at 69g/t Ag from 16m
· 4m at 41.25g/t Ag from 14m (EWP-11)
· 10m at 41.6 g/t Ag from 24m (EWP-11)
· 8m at 58.37g/t Ag from 20m (EWP-12)
· 8m at 54.87g/t Ag from 40m (EWP-24)
There are alao base metal credits of Copper, Lead, Zinc and Cobal (all vital battery metals required for EV's) alogside the Silver which improves the economic value upon extraction
From just an initial shallow broad spaced first pass drilling program these look very encouraging
The Cottesloe Project contains a basinal syncline of the Broadhurst Formation which hosts the nearby Nifty world class copper deposit with our strike length at Cotesloe extneding to 8km.
The Western Australian Government clearly thinks this looks important as a potentially large scale & significantly important resource in awarding their grant funding scheme towards our planned exploration program to build on these results and increase our knowledge of the deposit.
Drilling work is due to commence over the coming weeks on both Cotesloe and Red Setter.
GLA