Cooper Metals (ASX:CPM) kicks off drilling at Mt Isa East copper-gold Project

Highlights

• Cooper Metals will hold a follow up drilling campaign for testing the significant shallow copper and gold mineralisation intersected at King Solomon 1.
• CPM has also initiated the first ever drilling at the nearby Python Prospect.
• Overall, 2,500m of RC drilling will be done covering targets at Python and King Solomon Cu-Au prospects.

ASX-listed mineral exploration company, Cooper Metals Limited (ASX:CPM) has commenced a follow up drilling campaign at King Solomon 1 to test the major shallow copper and gold mineralisation. The company has also initiated the first ever drilling at the nearby Python Prospect.

Drilling at Python Cu-Au Prospect

Image Source: Company Announcement
Python Prospect VTEM and FLEM conductors

A single fixed loop electromagnetic (FLEM) survey over Python prospect had identified in March a conductor at the northeastern end of the prospect ~500m from known copper mineralisation and historical workings. During ground checking of the modelled conductor in March and June by Cooper geologists, iron oxide rich gossanous rock was identified in metasediments of the Corella Formation. Also, rock sample MER078 returned anomalous metals including 0.2% Copper and 0.24% sulphur (MER078) above the modelled conductor.

The FLEM response shows that the conductor is approximately 10m below surface, indicating that any copper anomalism at surface is highly encouraging. The two drill holes planned for the conductor are ~220m long and present a fairly challenging target for the drill rig due to access constraints associated with the river. So, the company believes that drilling at King Solomon will amplify confidence in the rig’s capacity to hit targets at depth.

Focal points from the August RC drilling at King Solomon 1

Copper-gold mineralisation was successfully extended along strike in both directions and down dip with copper-gold mineralisation intersected 70m SSE in hole 22MERC032, intersecting 19m @ 1.6% Cu and 0.21g/t Au from 123m, including 5m @ 4.5% Cu and 0.57g/t Au and drillhole 22MERC023 intersecting 14m @ 1.0% Cu & 0.09g/t Au from 76m including 4m @ 2.1% Cu & 0.23g/t Au (22MERC023) some 170m NNW of previously reported intercept in 22MERC015.

Also, copper-gold mineralisation has been intersected over 650m of strike length with three higher grade south-easterly plunging shoots identified and remaining open at depth (Figure 3).

As a result of these significant copper-gold shallow intersects, eleven holes for approximately 1,700m are planned at King Solomon designed to test down plunge of the known mineralisation and separate IP targets identified in July. Once the geological model is confirmed by RC drilling, an induced polarisation (IP) survey is planned to survey deeper down, further checking the depth potential of the mineralisation prior to any diamond drilling.

CPM’s way forward

Cooper Metals is planning to complete RC drilling, assays and interpretation at King Solomon and Python. It is also looking forward to start IP survey that aims to test depth potential of King Solomon 1 and plan follow up RC or diamond drilling for 2023.

Image: © 2022 Kalkine Media®, Data Source: Company Announcement