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Highlights
- Follow up drilling has commenced at the Raven Prospect, after the successful scout drilling campaign.
- Seven reverse circulation (RC) holes for nearly 1,000m are planned over the Raven and Brumby Ridge prospects.
- The drilling program would take two weeks, with assays expected in December.
Cooper Metals Limited (ASX: CPM) has kicked off follow up RC drilling at the Raven and Brumby Ridge Cu-Au Prospects within the Mt Isa East Project.
RC drilling at the Raven prospect follows the successful scout drilling campaign completed in October 2023.
Data source: Company update
At the Brumby Ridge Cu-Au Prospect, the company has decided to undertake further drilling, although results are pending for two RC holes.
As part of the latest RC drilling campaign, seven RC holes are planned over the prospects, covering approximately 1,000m. The campaign is expected to be completed in up to two weeks, with assay results anticipated during the next month.
Data source: Company update
Exploration at Raven Cu-Au Prospect
In July, the Raven Cu-Au prospect was identified through a ground truthing of a VTEM (Versatile Time Domain electromagnetic) anomaly. This discovery resulted in a gossan rich in Cu-Au with rock chip samples up to 26.7% Cu and 2.49g/t Au.
An initial drill test of three holes was concluded at the Raven prospect in early October. For assay results, click here.
Although drilling at the Raven prospect have been limited, CPM is positive about the potential for expansion because of the substantial size of the geochemical copper pXRF soil anomaly and the VTEM anomaly, modelled at ~400m long and steeply dipping.
The company informed that the VTEM anomaly fits well with the mineralisation seen to date. The mineralisation is open in all directions and the company plans to conduct a small follow up campaign over the new holes with downhole electromagnetic survey to assist drill targeting.
Brumby Ridge Cu-Au Prospect
The prospect is located near the Mafic Sweats South prospect.
Data source: Company update
Cooper is focused on completed the new phase of RC drilling at the Brumby Ridge and Raven prospects. Also, the focus is on reporting the second batch of assay results from October RC drilling program.
CPM shares traded at AU$0.140 apiece midday on 8 November 2023.
