Highlights
- Cooper Metals plans to begin reverse circulation (RC) drilling of geochemical and geophysical targets at Ardmore South within the Mt Isa East Project next week.
- The announcement comes post the successful completion of a heritage survey conducted over Ardmore South.
- CPM has inked an agreement with a drilling company for 2,000m of RC drilling to test several Induced Polarisation (IP) and geochemistry targets along a 1.5km trend.
- The strong IP chargeability anomaly recently identified at Ardmore South will be one of the high priority targets, says the company.
In the latest announcement, Cooper Metals Limited (ASX:CPM) revealed that the exploration drilling of geochemical and geophysical targets at Ardmore South within the Mt Isa East Copper Gold Project will begin next week. The announcement comes post the successful completion of a heritage survey over Ardmore South.
The ASX-listed explorer has inked an agreement with a drilling company for 2,000m of RC (reverse circulation) drilling or testing multiple Induced Polarisation (IP) and geochemistry targets along a 1.5km trend.
CPM shares rise 6%
Triggered by the announcement, the company shares jumped by over 6% today on 09 May 2023 and traded at AU$0.310, with a market capitalisation of AU$13.41 million. The stock has returned more than 29% on a year-to-date basis.
More to come…