West Cobar Metals Limited announced that a diamond drill rig is setting up to commence drilling at its Mount Jack Project in north-western New South Wales. The Mount Jack Project lies 220km WNW of Cobar, NSW and is considered highly prospective for a Cobar-style copper-gold deposit. An aeromagnetic bulls-eye anomaly was confirmed with ground magnetics by previous explorers.

This ground magnetic data was recently remodeled for West Cobar by Southern Geoscience and results in a model of three sub-parallel magnetic lenses at about 200m depth dipping at around 550 towards the south-south-west. The magnetic anomaly occurs close to the intersection of interpreted structures that can be identified in the regional aero magnetics images, and that could be acting as conduits for fluid flow and mineralization. Diamond hole F8RMD07-01 was drilled in 2008 by previous explorers and abandoned in Mulga Group basal conglomerate, overlying probable Lower Devonian basement sediments.

The drill hole failed to reach the magnetic modelled target. Geochemical traces of Au and Cu (1m of 0.29g/t Au, 386ppm Cu) in drill core intervals of the cover rocks indicate leakage from a mineralized system from the underlying basement sediments. The modelled magnetic body could reflect disseminated pyrrhotite or magnetite associated with classic Cobar-style steeply dipping lenses of copper-gold-silver mineralization similar to deposits near the eastern edge of the Cobar Basin, such as at the CSA copper-silver mine, the Peak gold-silver-base metal mine and the Hera gold-base metal mine.

Cobar style deposits typically contain high grades of base metals and/or precious metals, with extensive depth extent. A single diamond hole (MJD01) of 500m will initially be drilled which will test this model. If hole MJD01 is successful, a second hole (MJD02) of 650m will be drilled.