First Update of Exploration Activities at the Coolabah Project
Coolabah Metals Limited (ASX:CBH) commissioned Xcalibur Multiphysics to conduct a HeliTEM2 airborne Electro-Magnetic (EM) survey in an area 12km north-west of Girilambone, NSW.
Key Highlights:
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The first time a HeliTEM2 airborne EM survey has been completed at the Coolabah Cu-Au Project;
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The EM Survey is designed to detect any conductive anomalies at depth that may indicate the presence of copper sulphide minerals;
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Processing of the survey data will take approximately three weeks.
Managing Director, Cameron Provost with the HeliTEM2 Unit and HeliTEM2 helicopter time-domain AEM Survey
A 996-line km HeliTEM2 survey was completed covering an area of over 210 square kilometres, well over half the entire tenement (EL9287). Coolabah Metals Limited intend on releasing the results of this survey as soon as possible after the data has undergone processing and interpretation which is expected to be completed in approximately three to four weeks.
“EM surveys have proven to be a highly effective discovery technique in this region and were explicitly prioritised due to multiple discoveries nearby, in particular Constellation (Aeris Resources Ltd).”
Cameron Provost, Managing Director of Coolabah Metals Limited
Coolabah Metals Limited Managing Director, Cameron Provost, said:
“Significantly, this tenement is underexplored with no recorded historical drilling, the EM survey is designed to pinpoint the most prospective areas at depth to focus initial drill testing. Interpretation of the EM survey data will take a few weeks to complete, with results to follow soon after. We look forward to updating the market as soon as results are tabled.”
Location of HeliTEM2 survey boundary over EL9287
View the full CBH announcement here.
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