Corporate Profile
Mineral exploration and mining in the Cobar mineral field, in western New South Wales, commenced in 1870 and continues today with three active mines producing gold, copper, zinc, lead and silver. The region is characterized by high-grade, long-life multi-metal deposits, with good infrastructure and an experienced workforce.
Cobar Consolidated Resources has 1,700km2 of tenement interests south of Cobar. The company’s initial focus has been on the Gundaroo and McKinnons prospects.
Gundaroo prospect
Gundaroo is large geochemical anomaly (3km x 1km) showing a strong zinc, lead and silver footprint. Within the Gundaroo prospect the company has identified the Ridge anomaly and the De Nardi silver zone.
Closed space RC drilling in September 2006 identified the De Nardi zone; a 2.7m ounce inferred silver resource. Follow up diamond drilling is planned to test for deeper extensions of the silver zone along plunge.
Diamond drilling on the Ridge anomaly has intersected zinc, lead, copper silver mineralization. The best intercept to date has been CCR30 which recorded 6m @ 10% Zn equivalent in November 2006. Follow up diamond and RC drilling to the north and below CCR30 and further geophysics are planned to define drill targets.
McKinnons North prospect
McKinnons North is a geochemical and geophysical anomaly 2km north of the McKinnons gold mine. The McKinnons open pit mine produced 127,000 ounces gold in the late 1990’s.
An RC/diamond drill program commenced in January 2007.
Other prospects
The company has identified a number of other co-incident base metal geochemical/geophysical targets within it tenements as well as prospects which will be tested for gold mineralization.
You can find more recent information about results from the company’s drilling programs in the Announcements section.
