Highlights
• Highly promising untested gold-copper drill targets identified following re-processing of
ground and aeromagnetic survey data
• Numerous geophysical targets within M26/477 and E26/177 warrant immediate follow-up
drilling- new exploration drilling program to commence during the next quarter
• Extensive alluvial cover has previously masked robust magnetic and gravity anomalies.
Previous drilling was shallow in depth and did not drill test these zones
• Historic drilling within M26/477 defined two magnetic mineralised copper-gold trends
north and west of the Coogee Deposit. Substantial exploration opportunities are located
north of the Coogee Pit area that remain open along strike and at depth
• The newly identified targets include a large untested magnetic anomaly 300m NNE from
the Coogee Pit (Fig 3); Javelin believes this may host gold-copper mineralisation
• E26/177 hosts several discrete strong magnetic anomalies similar to Coogee North along
with poorly tested magnetic trends – these are considered significant exploration targets
and remain untested
• The wide Coogee project area contains several intrusives which have been interpreted
from the magnetic and gravity data to represent significant targets for copper-gold
mineralisation
• The Company is finalising a review on the Coogee Gold Project Resource by independent
consultants, based on the historic drilling database using A$ current gold prices
JAV Price at posting:
0.2¢ Sentiment: None Disclosure: Held
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