Announcement Date: 2022-09-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cooper Metals Ltd.
Project name: Mt Isa East
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 37m at 0.5% Cu from 88m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cooper Metals Limited (ASX: CPM) (“CPM” or “the Company”) is pleased to announce the receipt of all assay results for the King Solomon Cu-Au prospect from the August RC drilling program at the Mt Isa East Copper Gold Project in northwestern Queensland (Figure 1 and Figure 8). King Solomon 1 RC drilling results The Company has now received the remaining assay results from the August RC drilling program at the King Solomon Cu-Au prospect. To recap, twenty RC drill holes were drilled at King Solomon 1 to test IP anomalies and to extend mineralisation intersected in the June 2022 maiden drilling program. The key outcomes of the August RC drilling are summarised below Importantly the gold grade tends to increase with the copper grade, getting up to 1m @ 1.65g/t from 134m in 22MERC032, and frequently averaging >0.2g/t Au in the higher-grade core. Notably drillhole 22MERC046 the only hole drilled from the western side intersected a high-grade gold intercept of 1m @ 1.95g/t Au and 0.7% Cu from 32m in the footwall zone of the mineralisation away from the main copper lode. The footwall area requires further investigation for gold potential.
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