Cooper Metals (ASX: CPM) reports high-grade copper assays, plans drilling at Brumby Ridge in Feb - Kalkine Media

Highlights

• Latest rock chip sampling at the Brumby Ridge prospect within Mt Isa East Project has increased the geochemical footprint at the prospect.
• The company plans to conduct ~1,000m of diamond drilling and 2,000m of RC drilling at the prospect.
• Drilling is anticipated to commence in late February 2024.
• For late January/February 2024, an induced polarisation survey is planned at Brumby Ridge.

Cooper Metals Limited (ASX: CPM) has reported results from rock chip sampling undertaken at the Brumby Ridge Cu-Au Prospect within the Mt Isa East Cu-Au Project. The latest work has expanded search area at the Brumby Ridge prospect.

CPM has received assays for eleven rock chip samples gathered from the prospect in late 2023. The new rock chip sampling results have increased the geochemical footprint at the prospect as high-grade copper has been collected in rock chips which are located near the current drilling.

Geochemical footprint increases at Brumby Ridge

After announcing RC drill results for the Brumby Ridge prospect in November 2023, the company finalised a down-hole electromagnetic survey (DHEM), rock chip sampling and a detailed unmanned aerial vehicle (UAV) magnetic survey at the prospect.

The new magnetic data defined a crucial lithological contact between magnetic low response lithology in the west and a magnetic response lithology in the east. The mineralisation defined through RC drilling appears to be focused along the stated lithological contact defined in the magnetics. The contact could be located by the magnetic along strike from drilling. The new magnetic data would help exploration drilling along strike.

Data source: Company update

Drilling planned for Brumby Ridge

At Brumby Ridge, the company intends to determine the grade potential and size of the mineralisation. For this, nearly 1,000m of diamond drilling and up to 2,000m of RC drilling is planned. Drilling is expected to start at the end of wet season in late February 2024.

Currently, the company is working through the necessary approval and logistical processes as part of the preparations for the drilling campaign.

Next steps at the prospect comprise an IP survey followed by RC and diamond drilling. Meanwhile, Raven DHEM survey results are awaited.

CPM shares traded at AU$0.315 apiece at the time of writing on 17 January 2024.