Cooper Metals (ASX:CPM) receives encouraging results from IP survey at King Solomon - Kalkine Media

December 19, 2022 12:04 PM AEDT | By Manisha

Cooper Metals (ASX:CPM) receives encouraging results from IP survey at King Solomon — Image source: Company update

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Cooper Metals has unveiled ‘very encouraging’ results from the recent induced polarisation (IP) survey at the King Solomon 1 prospect.

The IP survey results have highlighted chargeability anomaly continuing at depth, with the southern end of King Solomon 1 the highest priority.

For the survey, seven dipole-dipole cross section lines and one long section DP-DP line were utilised to 3D model the chargeability and resistivity response at the prospect.

King Solomon 1 Cu-Au mineralisation is still open to the north and down dip.

Australia-based mineral exploration company Cooper Metals Limited (ASX:CPM) today revealed that the results of the induced polarisation (IP) survey that was recently conducted at King Solomon 1 prospect at Queensland’s Mt Isa East Copper Gold Project are ‘very encouraging’. The survey results have highlighted an untested chargeability anomaly at depth, with the southern end of King Solomon 1 showing the strongest response.

The IP survey was done by the Australian Geophysical Services over the King Solomon 1 prospect to test for chargeability response under the current drill depth (~150m deep) to around 250 to 300m deep.

At the time of writing, CPM shares were trading at AU$0.220 a share on 19 December 2022 with a market capitalisation of AU$10.81 million.

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