Javelin Minerals (ASX: JAV) has identified several new and promising geophysical anomalies in an independent technical review of historical exploration at the Coogee gold project in Western Australia.
The review was initiated following a $4.5 million capital raising in September to highlight Coogee’s exploration potential and identify priority targets for drilling.
The company confirmed the anomalies are located in areas exposed to limited exploration since previous owner Ramelius Resources (ASX: RRS) returned best assays of 23 metres at 0.38 grams per tonne gold immediately adjacent to the Coogee pit.
Extensive copper-gold anomalism was also identified in results from older, wide-spaced rotary air blast drilling nearby.
Historical Exploration Data
The Coogee project sits within the southern extents of the Kalgoorlie Terrane within the eastern goldfields province of the Yilgarn Craton.
The deposit produced 147,400 tonnes at 4.77g/t gold for 20,400 ounces in 2013 under Ramelius’ ownership, and has a current mineral resource estimate of 3.6 million tonnes at 1.08g/t gold for 127,000oz, as well as 1Mt at 0.41% copper for 4,122t.
While extensive drilling was undertaken on the mineral resource area in preparation for mining, the remainder of the tenement has only been subjected to limited amounts of regional exploration.
Javelin is now planning an aircore drilling campaign to test the new targets next month, along with testing of large and undrilled magnetic anomalies at the Coogee North and Coogee West prospects later this year and diamond drilling of deep intrusive targets.
The company will use a first-pass soil geochemical survey of previously unexplored zones at Coogee West for further exploration drilling targeting.
Many Untested Areas
Javelin general manager (exploration and resources) Mark Cossom said Coogee was emerging as a prospective project with many areas still to be tested.
“These new targets are considered extremely promising, and their appeal is further enhanced by the existing resource at Coogee and their location adjacent to the world-class St Ives goldfield,” he said.
“The lack of modern exploration at Coogee and the fact that little or no drilling has taken place at these new targets fuels our appetite to get in there with the rigs.”
“We are moving quickly to start our 2026 program knowing that there is huge potential to create substantial value through the drill bit.”
