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Cooper Metals (ASX: CPM) Excited by Brumby Ridge Assays Amid Booming Copper Market

May 19, 2024 07:05 PM PDT | By Sonal Goyal
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 Cooper Metals (ASX: CPM) Excited by Brumby Ridge Assays Amid Booming Copper Market
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Highlights

  • Encouraging assay results received for four diamond holes and five RC drill holes finalised at the Brumby Ridge Cu-Au Prospect.
  • Results consistent with visual sulphides reported earlier.
  • The assays indicate a NNW trending Cu-Au mineralised vein system, which is crosscut by several narrow-mineralised fault-controlled breccia zones (MFBZ).
  • Geochemical sampling and mapping is underway to delineate further drill targets.

Cooper Metals Limited (ASX: CPM) has received assays for the five RC holes and four diamond holes completed at the Brumby Ridge Cu-Au Prospect in February and March 2024. The results align with the visual sulphides reported in April 2024.

Significant results include-

  • Scissor hole 24MERC003 - 58m @ 0.53% Cu and 0.02 g/t Au from 89m, including 3m @ 4.14% Cu and 0.08 g/t Au from 90m
  • RC drillhole 24MERC001 - 8m @ 0.24% Cu and 0.01 g/t Au from 148m
  • RC drillhole 24MERC002 – intersected gold only, including 1m @ 0.83g/t Au from 162m
  • RC drill hole 24MERC005 - 17m @ 0.16 Cu from 196m
  • Diamond hole 24MEDH001 - 2.3m @ 4.38% Cu and 0.09g/t Au from 128m
  • Diamond hole 24MEDH005 -2.7m @ 1.57% Cu and 0.03g/t Au from 235.2m

The results to date suggest a NNW trending Cu-Au mineralised vein system over a strike length of 400 metres. So far, only 120 metres of this vein system has undergone drill testing.

CPM shares traded at AU$0.120 apiece at the time of writing on 20 May 2024.


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