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Cosmos Identifies New Prospective Area at Quintons





Cosmos identifies new prospective area at Quintons, along strike from +2Moz McPhillamys deposit, NSW. Assays pending from recently completed air-core and Reverse Circulation drilling and soil sampling.

Highlights


  • Recent fieldwork at the Orange East Gold Project in NSW has identified significant quartz (+-iron after sulphide) veining to the south-east of the Quintons prospect, in an area previously not mapped due to restricted land access.


  • The recently discovered quartz veining is interpreted to be part of the broader Quintons hydrothermal alteration footprint, with rock chip grab samples from sub-cropping veins and adjacent float displaying brecciated, stockwork and massive hydrothermal vein textures.

  • A program of 37 air-core holes and one Reverse Circulation (RC) hole for 990m was recently completed over the broader Quintons Prospect (see ASX release, 23 February 2023). • The drilling was designed to gain a better understanding of the multi-element mineralisation and hydrothermal alteration zonation identified from historical soil sampling and spectral work on surface outcrop rock chip sampling.


  • Cosmos has also collected 410 geochemical samples over the historical soil samples as part of an orientation survey, as well as extending geochemical sampling further east through the newly mapped area.


  • All drill hole and surface soil samples have been submitted for multi-element analysis and bottom of-hole spectral analysis, with results expect in the next 4-6 weeks


Cosmos Exploration Executive Chairman, Jeremy Robinson, said:


“With air-core and limited RC drilling now complete across the Quintons prospect, we have submitted assays to the laboratory and await results. In the meantime, our field team has identified a new and highly prospective area to the south-east of the Quintons prospect which was not previously accessible."


“The presence of extensive quartz veining at surface makes this an attractive target for follow-up exploration, prompting us to extend our geochemical sampling grid over this area. We are looking forward to receiving results both from the drilling and soil sampling, which will help provide us with vectors for the next stage of exploration at Orange East.”



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