JAV javelin minerals limited

Ann: Maiden drilling program completed at Coogee Project, page-2

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    Maiden drilling program completed at Coogee
    Gold-Copper Project near Kalgoorlie
    The drilling targeted extensions of known mineralisation along strike and depth;
    Assays expected in coming weeks
    Highlights
    • The maiden Phase 1 drilling program at Javelin’s brownfields Coogee Gold-Copper
    Project has been completed ahead of schedule
    • The program comprised a total of 2,921m of RC drilling across 18 holes with 1,698 drill
    samples submitted to the Bureau Veritas Laboratory in Kalgoorlie WA
    • Assay results are expected in the coming weeks
    • The first phase of the Coogee drilling program aims to:
    ➢ Confirm potential extensions to the gold mineralisation below the current mined
    pit level at the Coogee Deposit
    ➢ Confirm the lateral extent of the gold mineralisation south of the Coogee
    Deposit
    ➢ Expand the gold-copper mineralisation north and north-west from the Coogee
    Deposit
    • The current Coogee Resource stands at 3.65Mt at 1.08 g/t Au totalling 126,685oz of
    gold and 1.01Mt at 0.41% copper containing 4,133t of copper metal
    • Drill planning underway for Javelin’s Eureka Gold Deposit, also near Kalgoorlie.
    • Drilling is expected to start in early 2025 at both Eureka and Coogee
    • The initial RC drilling program at Eureka will comprise ~3000m
    Javelin Minerals Limited (ASX: JAV) is pleased to advise that its maiden drilling program at the Coogee Gold
    Project in WA’s Eastern Goldfields has been completed.
    Phase One of the campaign comprised 2,921m of RC drilling. Phase Two is expected to start in late
    January/early February following receipt and interpretation of the results from this phase 1 RC program.
    Coogee, which hosts a JORC resource 126,685oz of gold, is located next to the world-class St Ives Goldfield.
    The project has not seen a systematic exploration drilling campaign since Ramelius Resources completed
    mining operations in 2014.
    Javelin Executive Chairman Brett Mitchell said: “We are pleased with the rapid completion of the first phase of
    drilling over our Coogee Project. We have identified key gold indicators along the 950m strike from drillhole
    CORC154 located south of pit to CORC166 located approximately 450m north of the current pit.”
    “Once we receive the assays, which we expect to start coming in over the coming weeks, we will plan Phase
    Two of the program. This means we will have ongoing drilling activity and news flow from Coogee and Eureka
    during the first half of 2025”.
    Last edited by bevter: 16/12/24
 
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