The Kookynie Gold Project lies approximately 180 km north of Kalgoorlie, 50 kms south of Leonora and approximately 25 kms from the bitumen Goldfields Highway linking Kalgoorlie to Leonora in the Eastern Goldfields of Western Australia.
Located within the Keith-Kilkenny Tectonic Zone, the project hosts the historical mining centers of McTavish, Leipold, Champion, Altona, and the prolific Diamantina-Cosmopolitan-Cumberland (DCC) trend.
The historic Cosmopolitan Gold mine produced 360,000 ounces of gold from discovery in 1895 to 1922. During the early part of last century, the Cosmopolitan ranked as one of the largest and most profitable gold mines in Western Australia.
The Cosmopolitan Mine is untested by modern exploration, in particular the potentially rich plunge extensions of the main mineralised shoots. Drill testing of the Cumberland and Diamantina depth extensions is very shallow. The “plane of vein” long section below shows the historical underground workings of the Cosmopolitan Gold Mine and the strike extents being the Cumberland and Diamantina Mines. This presents an excellent walk up drill target for MCT.
The continuous east dipping narrow vein structure, with south plunging mineralised shoots controlled by east west structures and a strike length of up to 400m, is similar to the Raleigh mine at Kundana. At Kookynie the crosscutting structures are mineralised making an excellent exploration target. The best defined of these mineralised structures was mined at the historic Altona mine to the east of Cosmopolitan.
Mining lease M40/344, M40/342 and M40/02 covering the mined-out portions of Cosmopolitan are held by another party and are excised from the project and from the farm-in agreement. Mining lease M40/08 and L40/08 covering the old mined out Diamantina open pit is held by a third party, however the easterly dipping mineralisation crosses the tenement boundary into the project tenements at approximately 65 metres depth.