ASX-Dividend-Report-Banner
Sponsored

Cooper Metals (ASX:CPM) receives ‘exciting assays’ from Ardmore with high gold values

March 16, 2023 11:51 AM AEDT | By Manisha
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 Cooper Metals (ASX:CPM) receives ‘exciting assays’ from Ardmore with high gold values
Image source: CPM website

Highlights

  • Cooper Metals has received results of new geochemical sampling on the new Ardmore tenement within its Mt Isa East Copper Gold Project, Queensland.
  • At EPM19125, the ASX-listed firm has defined two subparallel mineralised shear zones from the new rock chip sampling.
  • The Cu-Au mineralisation is present in the Corella Formation associated with strong carbonate and iron oxide alteration typical of IOCG style of mineralisation in the area, as per the company release.
  • Out of the 17 rock chips assayed to date, around 6 of them have delivered gold grades >1g/t Au with assays up to 26.2% copper and 2.0g/t gold (sample MER107).
  • Before the planned RC drilling, CPM intends to conduct an induced polarisation survey at a fast pace over the area.

Cooper Metals (ASX:CPM) has announced results of new geochemical sampling on the new Ardmore tenement within its Mt Isa East Copper Gold Project, Queensland. In the southern part of EPM19125, just 5.5 km to the northeast of Carnaby’s Mt Hope prospect, rock chip sampling along two shear zones within the prospective Corella Formation returned multiple anomalous rock chip samples with grades up to 26.2% Cu and 2.0g/t Au (MER107).

The copper mineralisation is typically dominated by malachite and present in two subparallel shear zones within the Corella Formation. It is associated with strong quartz carbonate and iron oxide alteration typical of iron oxide copper-gold (IOCG) mineralisation in the area. The mineralised shear zones have been traced for around 1.1km along strike and remain open to the northeast.

It is important to note that out of total 17 samples assayed to date, six have strong gold values greater than 1g/t gold. High gold grades tend to correlate with the high copper values.


Data source: Company update

Management commentary


Data source: Company update

More to come…


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.