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…