Cooper Metals (ASX: CPM) out to build on ‘spectacular drill hits’ at Brumby Ridge with diamond drilling - Kalkine Media

February 29, 2024 12:47 PM AEDT | By Sonal Goyal

Cooper Metals (ASX: CPM) out to build on ‘spectacular drill hits’ at Brumby Ridge with diamond drilling — Image source: Company update

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Highlights

Diamond drilling has commenced at the Brumby Ridge Cu-Au prospect.

This drilling program will focus on completing five diamond holes, covering nearly 1,200m.

Assays from diamond drilling are expected from April onwards.

After this drilling campaign, the company plans to undertake RC drilling to examine the extent of Brumby Ridge.

Cooper Metals Limited (ASX: CPM) has initiated a five-hole diamond drilling campaign, covering approximately 1,200m at the Brumby Ridge prospect near the Mt Isa East Cu-Au project. The campaign aims to follow up on the spectacular drill hits from 2023.

The initial drilling campaign will include scissor holes to assess the width and dip of the mineralisation. Subsequently, additional holes will be drilled, possibly down dip and along strike, as needed.

The diamond drilling program is anticipated to take a few weeks, with assays from the drilling campaign expected from April 2024 onwards.

Following the diamond drilling, the company plans to conduct reverse circulation (RC) drilling to determine the size and grade of the mineralisation. The RC drilling campaign is expected to commence sometime in March 2024.

Recent significant results from Brumby Ridge prospect

In November 2023, the company shared Brumby Ridge’s RC drill results –

Data source: Company update

Strong depth potential at the Brumby Ridge prospect was confirmed by the recently released pole-dipole (PDP) induced polarisation results which indicated that chargeability anomaly matched the geology of the prospect.

RC pre-collars have been drilled from nearly 40-60m deep to access the mineralised target zones at various depth. This would save money and time. To determine the actual depth, diamond “tails” are planned, which will be drilled through the mineralisation.

CPM shares trade higher

CPM shares jumped 4% to trade at AU$0.26 apiece at the time of writing on 29 February 2024.

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