Javelin Minerals : AC drilling further refines gold zone at Coogee West

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For personal use only 25 July 2022 AC drilling further refines gold zone at Coogee West Highlights Positive gold assay results from AC drill program over Coogee West refine a 1.5km zone Encouraging bottom of hole intersection of 3m @ 0.20 g/t Au including 2m @ 0.27 g/t Au Encouraging bedrock intersection hosted within a hematite altered intermediate feldspar porphyry, analogous to mineralisation on the Coogee Pit trend Javelin Minerals Limited ("Javelin", ASX: JAV or "the Company") is pleased to advise the results of an aircore (AC) drilling program at its Coogee Project ("Coogee") near Kalgoorlie in Western Australia. Coogee is located approximately 55 kilometres south‐east of Kalgoorlie and immediately to the west of Silver Lake Resources' Randalls Mill (Figure 3). Positive gold assay results have been received from the AC program at the Coogee West prospect located over Lake Lefroy (salt lake) defining a 1.5km gold trend. Drill hole COAC235 has returned an intersection of 3m @ 0.20 g/t from 28m including 2m @ 0.27 g/t Au . This gold intersection lies within a trend with previous Ramelius Resources drilled AC holes with values of up to 127ppb Au. Gold anomalism remains open to the south. Javelin's AC drill program targeted areas, where historical AC drilling in 2015 by Ramelius Resources intersected anomalous bottom of hole of gold values up to 0.47g/t along a previously defined gold trend. The gold trend is further confirmed by Goldfields/Lefroy Exploration JV AC drilling, intercepting 6m @ 0.48g/t Au from 28m immediately south of Javelin's E 26/177 tenement boundary (Figure 1). A total of 43 AC holes were drilled for 686 metres with holes ranging in depth from 4m to 40m (Table 1). A total of 268 composite and single metre samples were collected for Au and Cu analyses (Table 2). Two main lithologies logged over the gold trend are mafic‐ultramafic and intermediate feldspar porphyries. The feldspar porphyry unit appears to form a 200 to 300m wide band trending NW‐SE that is broadly concordant with the structures outlined by the aeromagnetics and is associated with the intersected bedrock Au anomalies. The feldspar porphyry is bound on either side by mafic‐ultramafics (Figure 2). Gold mineralisation is associated with hematite alteration proximal to the inferred lithological contact and commonly hosts minor pink calcite veins and disseminated pyrite. Importantly this is the same alteration mineral assemblage associated with copper and gold mineralisation on the Coogee Pit trend. This suggests there is significant potential for shallow Coogee style copper‐gold mineralisition to occur 5 km to the west, currently obscured by Lake Lefroy salt lake. Ground Floor, BGC Centre, www.javelinminerals.com.au 28 The Esplanade Perth WA 6000 For personal use only 1.4km Coogee copper‐gold trend Coogee West/Lake prospect 1.5km Figure 1: Coogee Project E 26/177 ‐ 1.5km gold trend and Coogee West/Lake prospect location (blue line represents outline of Lake Lefroy salt lake). Figure 2: Coogee West AC drill section 6554200N Ground Floor, BGC Centre, www.javelinminerals.com.au 28 The Esplanade Perth WA 6000 Table 1: Coogee West AC drill hole statistics Hole ID Easting Northing Hole Depth (m) Inclination only COAC205 387500 6555400 4 ‐90 COAC206 387600 6555400 4 ‐90 COAC207 387500 6555200 4 ‐90 COAC208 387600 6555200 4 ‐90 COAC209 387700 6555200 5 ‐90 COAC210 387800 6555200 13 ‐90 COAC211 387500 6555000 4 ‐90 COAC212 387600 6555000 7 ‐90 use COAC213 387700 6555000 8 ‐90 COAC214 387800 6555000 7 ‐90 COAC215 387900 6555000 11 ‐90 COAC216 388000 6555000 10 ‐90 COAC217 388100 6555000 40 ‐90 COAC218 387800 6554800 28 ‐90 COAC219 387900 6554800 9 ‐90 personal COAC220 388000 6554800 18 ‐90 COAC221 387800 6554600 21 ‐90 COAC222 387900 6554600 28 ‐90 COAC223 388100 6554600 13 ‐90 COAC224 388200 6554400 21 ‐90 COAC225 388100 6554400 11 ‐90 COAC226 388000 6554400 19 ‐90 COAC227 387900 6554400 19 ‐90 COAC228 387800 6554400 5 ‐90 COAC229 387400 6554200 4 ‐90 COAC230 387600 6554200 5 ‐90 COAC231 387800 6554200 8 ‐90 COAC232 387900 6554200 11 ‐90 COAC233 388000 6554200 14 ‐90 COAC234 388100 6554200 29 ‐90 COAC235 388300 6554200 31 ‐90 For COAC236 388400 6554000 29 ‐90 COAC237 388300 6554000 26 ‐90 COAC238 388200 6554000 14 ‐90 COAC239 388100 6554000 15 ‐90 COAC240 388200 6553900 15 ‐90 COAC241 388300 6553900 15 ‐90 COAC242 388400 6553900 18 ‐90 COAC243 388600 6553800 15 ‐90 COAC244 388500 6553800 30 ‐90 COAC245 388300 6553800 30 ‐90 COAC246 388200 6553800 39 ‐90 COAC247 388300 6553700 25 ‐90 Ground Floor, BGC Centre, www.javelinminerals.com.au 28 The Esplanade Perth WA 6000 Table 2 . Significant anomalous gold intercepts (above 50ppb cut‐off)) Interval onlyusepersonalFor Hole From (m) To (m) (m) gold (ppb) Sample type COAC235 28 31 3 200 (0.20g/t) composite including 28 30 2 272 (0.27g/t) composite COAC236 16 20 4 52 composite COAC237 20 24 4 52 composite COAC242 17 18 1 66 1m sample EOH COAC243 14 15 1 122 1m sample EOH COAC246 38 39 1 58 1m sample EOH Ground Floor, BGC Centre, www.javelinminerals.com.au 28 The Esplanade Perth WA 6000 For personal use only ABOUT THE COOGEE PROJECT Coogee is located approximately 55km southeast of Kalgoorlie on the north‐eastern shore of Lake Lefroy and comprises four tenements (Mining Lease M 26/477, Exploration Lease E 26/177 and Miscellaneous Licences L 26/264 and L 26/265) that cover an area of approximately 17km 2 . The project's location (Figure 3) near the major mining centre of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce. To date Javelin has completed four phases of RC drilling totalling 135 holes for 19,136 metres. The drill programs have been successful in outlining mineralisation which transitions from gold to copper‐gold to the north within a broader copper‐gold system at Coogee which now has strike length of over 1km. Figure 3: Location map showing Coogee Project tenements, mills and infrastructure. Ground Floor, BGC Centre, www.javelinminerals.com.au 28 The Esplanade Perth WA 6000 This is an excerpt of the original content. To continue reading it, access the original document here .

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