Coolabah Metals Limited announced an update regarding maiden RC drilling program commencing at Gunpowder Creek EPM27733, located 45km north-west of Mt Isa, QLD. Coolabah Metals Limited have commenced a RC program totaling 1,500m located at Gunpowder Creek Project near Mount Isa, Queensland. The drillholes have been designed to follow-up the recently reported high-grade gold samples collected at historic gold workings situated along a north-north-west trending May Downs Fault.

Coolabah are following up on 251 rockchips collected during a reconnaissance sampling program, conducted during August 2022, designed to test the 26 historic gold workings and occurrences forming a >5km strike length parallel to the May Downs Fault on the western flank of the tenement area. High grade rockchip samples from the Gunpowder Creek Project include: 21.6 g/t gold (GCR0143); 18.5 g/t gold (GCR0123); and 13.2 g/t gold (GCR0139); The high-grade results have been collected from two groups of historic workings approximately 300m apart. Strike measurements and the orientation of the historic workings at Golden Sunset suggest that the unnamed workings are along strike to the south-south-west.