Coolabah Metals Limited (ASX:CBH) is pleased to announce results from the recent rockchip sampling program conducted over Gunpowder Creek EPM27733, located 45km north-west of Mt Isa, QLD.
- High-grade rock chip results from the Gunpowder Creek Project include:
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6 g/t gold (GCR0143)
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5 g/t gold (GCR0123)
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2 g/t gold (GCR0139)
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Results confirm previously recorded high-grade sampling1 that has not been drill tested
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Plans are currently underway to drill test the historic workings
Coolabah Metals Limited has received analysis for 251 rockchip results collected during reconnaissance sampling of historic gold workings at Gunpowder Creek. Coolabah are pleased to announce rockchips returned grades up to 21.6g/t gold (GCR0143) and 0.33% copper (GCR0120) from the first pass rockchip sampling program conducted in Coolabah’s Gunpowder Creek Project in Northwest Queensland.
11 rockchip samples returned gold grades ranging from 1.01g/t to 21.6g/t situated in and around historic workings, located along the May Downs Fault.
The results have assisted Coolabah in narrowing down drill targets, providing a starting point for RC drilling, which Coolabah plans to commence as soon as practicable.
The rockchip program was designed to test the 26 recorded historic gold workings and occurrences forming a >5km strike length parallel to the May Downs Fault.
“I’m pleased to report high-grade rock chip samples returning gold grades up to 21.6g/t, situated in and around the historic workings of our Gunpowder Creek Project. These findings have delivered drill targets for our RC drilling program, which will commence as soon as practicable.”
Cameron Provost, Managing Director of Coolabah Metals Limited
View the full announcement here.
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