Highlights
- Cooper Metals has started RC drilling at Ardmore South within the Mt Isa East Project.
- The drilling aims to test the Induced Polarisation (IP) and geochemistry targets along a 1.5km trend.
- The IP chargeability anomaly at Ardmore South is among the high priority targets.
- The company is expecting to complete drilling in around three weeks.
Cooper Metals Limited (ASX:CPM) has commenced a drilling campaign aiming to test geophysical as well as geochemical targets at the Ardmore South prospect, which sits within the Mt Isa East Copper Gold Project.
The prospect is based around 5.5km from Carnaby Resources’ (ASX:CNB) Mt Hope Deposit and lies next to the Fountain Range Fault. As per the release, Fountain Range Fault holds huge volumes of hydrothermal fluid flow, mineralisation and is the focus of major exploration to the NE EPM19125 at Hammer Metals (ASX:HMX) Ajax and Trafalgar Cu-Au prospects.
Stock price performance
The company stock has gained more than 33% on the Australian Securities Exchange (ASX) on a year-to-date basis. CPM shares were trading at AU$0.325 at the time of writing on 18 May 2023. The company has a market cap of AU$14.79 million.
More to come...