Eastern Metals reveals initial drilling results

Eastern Metals (ASX:EMS) has shared initial assay results from its reconnaissance drilling at the Cobar Project in New South Wales. The results reveal a shallow high-grade gold zone at the Kelpie Hill prospect, with significant intersections of both gold and base metals. These findings have prompted the company to plan an Induced Polarisation (IP) survey to further define and prioritize targets for follow-up drilling.

Overview and future steps for Eastern Metals

Eastern Metals is encouraged by the initial assay results from its Cobar Project, specifically at the Kelpie Hill prospect where high-grade gold and base metal zones were identified. The company plans an Induced Polarisation survey to better define and prioritize future drilling targets. With pending assays from Windmill Dam and Evergreen, Eastern Metals is poised to refine its exploration strategy. This aligns with their broader corporate strategy to leverage high-grade mineralization opportunities and develop their asset portfolio in New South Wales.

Executive insights on Cobar Project success

The discovery of the high-grade gold zone at Kelpie Hill was unexpected, as the primary focus was on base metals. The results suggest a complex and mineralized system at Kelpie Hill, indicating potential for significant discoveries with further exploration.