Cooper Metals (ASX:CPM) reports encouraging geochemical results from new Ardmore tenement

Highlights

• Cooper Metals has reported high grade copper results from Reconnaissance geochemical sampling of the Ardmore tenement EPM19125.
• As per the company, the encouraging results imply the high potential for copper-gold (Cu-Au) deposits in the Ardmore tenement.
• Follow-up soil sampling is planned at Ardmore to better define the strength and extent of copper mineralisation prior to geophysical surveys, ahead of any drill testing in 2023.

ASX-listed mineral explorer Cooper Metals Limited (ASX:CPM) has provided an upbeat update on its Mount Isa East Cu-Au Project. An initial geochemical sampling on the new Ardmore tenement, just north of Carnaby’s Mt Hope prospect, has delivered some highly encouraging copper and gold results.

Cooper acquired 100% of the Ardmore tenement EPM19125 in Oct 2022. Reconnaissance geochemical sampling on the new tenement (EPM19125) returned samples up to 17.3% Cu and 0.4g/t Au (MER098) and 2.41% Cu and 0.26 g/t Au from MER099.

In the southern part of EPM19125, initial sampling returned four anomalous rock chip samples with grades up to 17.25% Cu and 0.3g/t Au (MER096).

The company will continue groundwork to define areas for potential geophysical surveys ahead of drill testing in 2023.

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Ardmore EPM19125 Reconnaissance Sampling

The Ardmore tenement EPM191251 adjoins Cooper’s tenement EPM27782, expanding the CPM’s coverage of the Mary Kathleen Domain. Mary Kathleen Domain is a highly prospective structural domain for Cu-Au deposits as posted by Carnaby Resources’ (ASX: CNB) recent findings at Nil Desperandum, Lady Fanny and Mt Hope.

It is interesting to note that Carnaby’s interpreted IOCG corridor outlined by the position of Nil Desperandum, Lady Fanny and Mt Hope may extend towards the south of EPM19125.

The new tenement also lends substantial exposure to the Fountain Range Fault which have shown huge volumes of hydrothermal fluid flow, mineralisation as well as the focus of major exploration to the northeast of EPM19125 at Hammer Metals (ASX: HMX) Ajax and Trafalgar Cu-Au prospects.

In October, initial geochemical sampling was completed at the new Ardmore tenement.

Many high-grade copper results have been obtained from field reconnaissance of historical workings in the northern part of the tenure and sheared lithological contacts between the prospective Corella Formation and mafic rocks. In the north, small prospecting pits delivered samples up to 17.3% Cu and 0.4 g/t Au from MER098 and 2.41% Cu and 0.26 g/t Au from MER099. In the southern part of EPM19125, four anomalous rock chip samples with grades up to 17.25% Cu and 0.3g/t Au (MER096) were returned from the initial sampling along a sheared contact zone between the prospective Corella Formation and mafic rocks.

Further, the company is planning to hold a soil sampling program for analysing the extent and strength of copper anomalism before conducting geophysical surveys and drill tests.

Image Source: Company update

Sylvia May Workings (378204 E, 7698477N)

Since announcing the initial rock chip results at Sylvia May prospect last month, Cooper geologists have been back to the area to sample remnant historical ore stockpile at Sylvia May.

Minimal exploration has been completed in the area although there is evidence of one historical drill hole into the northern pit.

The rocks are mapped as Argylla formation and rock chip sample MER087 returned 1.45% Cu and 0.05ppm Au from mineralisation in the pit wall. The mineralisation appears to be on a north westerly trending shear zone.

Rock chip sample MER088 taken from a small digging just north of the main Sylvia May pit assayed 0.95% Cu and 0.036 ppm Au. New rock chip sample MER102 taken from the small stockpile at Sylvia May (Plate) returned 7.10% Cu and anomalous gold of 0.05g/t Au.

According to the company, there is potential for a more extensive mineralised structure at the John Bull prospect. CPM has planned its follow up geochemical sampling for next year before any geophysical surveys and drilling.

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