Coogee South is located immediately along strike to the south of the high grade Coogee open pit successfully mined by Ramelius Resources Limited (ASX: RMS) during 2014. Ramelius trucked the ore over 100km to the Burbanks mill at Coolgardie, demonstrating that small high grade deposits can be commercially successful.

The Company believes that the Coogee deposit is part of a much larger gold system that surrounds a buried intrusion. Further evidence of this is the recent discovery of a new occurrence of gold mineralisation by Ramelius Resources Limited (ASX: RMS) in recent air core drill holes just to the north of the tenement boundary. Programmes of air core and RC drilling are planned to explore the LEX ground where numerous leads have been generated by previous exploration.

The priority target at Coogee South is the area immediately along strike to the south of the Coogee Open pit where RC drilling in 2006 recorded a best intersection of 17m at 1.67g/t Au and remains open down dip and along strike. The RC drilling results are supported by a subtle gold anomaly defined by RAB drilling completed in the mid 1990’s that extends for approximately 500m to the south of the RMS-LEX tenement boundary.

Coogee Prospect – Drill Hole Location

Given that the early RAB drilling was shallow and considered only partially effective, the first exploration program planned for Coogee South is to evaluate the mineralised trend with deeper penetrating air core hammer drilling.  Bedrock targets generated from this phase of drilling will be tested by RC drill follow up.  RC drilling is also planned to follow up and step out from the 2006 intersection of 17m at 1.67g/t Au.