Javelin Minerals Limited (ASX:JAV) Completes Maiden Drilling at Coogee Project
Drilling Program Completion
Javelin Minerals Limited (ASX:JAV) has completed its maiden Phase 1 drilling program at the Coogee Gold-Copper Project ahead of schedule. The program involved a total of 2,921 metres of reverse circulation (RC) drilling across 18 holes, with 1,698 samples submitted for analysis at the Bureau Veritas Laboratory in Kalgoorlie, Western Australia. Assay results are anticipated in the coming weeks.
Key Objectives and Highlights
The Phase 1 drilling targeted potential extensions of gold mineralisation below the current mined pit level and aimed to confirm lateral extensions of known gold mineralisation. Javelin’s current resource estimate for Coogee stands at 3.65 million tonnes at 1.08 g/t Au, totaling 126,685 ounces of gold, and 1.01 million tonnes at 0.41% copper, which equates to 4,133 tonnes of copper metal.
Future Drilling Plans
Following receipt and interpretation of the initial assay results, the second phase of drilling is scheduled to commence in late January or early February 2025. Additionally, drilling is also set to begin at Javelin’s Eureka Gold Deposit early next year, with an initial RC drilling program planned to comprise approximately 3,000 metres.
Executive Comments
Brett Mitchell, Executive Chairman of Javelin Minerals, expressed his satisfaction with the rapid completion of the drilling phase. “We have identified key gold indicators along a 950-metre strike. Once we receive the assays, we will plan Phase Two of the program. This implies ongoing drilling activity and news flow from Coogee and Eureka during the first half of 2025.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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