Cobb Creek’s Untapped Gold-Silver Potential Faces Regulatory and Geological Tests

Strategic Acquisition and Exploration Potential

PVW Resources Limited (ASX, PVW) has announced a promising development at its Cobb Creek Project in Nevada, where a detailed review of historical soil and rock assay data has revealed three compelling gold-silver targets. The project, recently acquired by PVW, spans 33 square kilometres in the prolific Independence Trend, a region known for its rich mineral endowment and proximity to significant deposits such as Western Exploration’s Aura Project.

The Cobb Creek Project’s location at the intersection of two major structural corridors, north-northwest and north-northeast trending faults, provides an ideal geological setting for multiple styles of mineralisation, including both Carlin-style and epithermal gold-silver deposits. This structural complexity enhances the prospectivity of the area and underpins PVW’s exploration strategy.

Defining the Targets, Central Concealed and Eastern Zones

The standout Central Concealed target is characterised by a distinctive thallium-in-soil “donut” anomaly, a classic geochemical signature often associated with blind mineral deposits. This anomaly is complemented by subtle gold and silver soil responses and an outer halo of metals such as copper, molybdenum, and zinc, suggesting a zoned hydrothermal system beneath a volcanic cover.

Meanwhile, the Eastern Target area, situated at the intersection of the Doby George and Gravel Creek structures, boasts rock chip samples with impressive grades, up to 2.0 grams per tonne gold and 337 grams per tonne silver, alongside significant antimony concentrations. These findings point to robust epithermal alteration and mineralisation, further supported by elevated soil geochemistry.

Next Steps, Drilling and Geophysical Surveys

PVW has submitted drill permits for these newly defined targets and plans to commence its maiden reverse-circulation drilling program in the first quarter of 2026, pending regulatory approvals. Complementing the drilling, a gravity survey is scheduled to better delineate subsurface targets, particularly useful given the extensive alteration that can mask density contrasts.

Additionally, the company is investigating the McCall deposit, which holds a historic non-JORC resource of approximately 173,000 ounces of gold. Exploration efforts here focus on potential lateral and deeper extensions, with geophysical techniques such as induced polarization under consideration to identify deeper Carlin-style mineralisation within carbonate rocks.

A Project with Multiple Exploration Fronts

Despite lying dormant for three decades, Cobb Creek now emerges as a multi-faceted exploration opportunity. The combination of structural intersections, geochemical anomalies, and historical resources offers PVW a platform to potentially expand its resource base significantly. The company’s methodical approach, integrating geochemical review, geophysics, and drilling, reflects a well-rounded strategy to unlock value in this underexplored district.

While the historical resource estimates require validation under current JORC standards, the absence of fatal flaws in due diligence and the quality of the geochemical data provide a solid foundation for optimism. Investors will be watching closely as PVW advances its exploration programs and begins to test these targets in the field.