Australian-based mineral exploration company focussed on the discovery of copper and gold, Cooper Metals Limited (ASX: CPM) has identified continuation of very encouraging assay results from follow up reconnaissance rock chip geochemical sampling during a recent field trip to the Mt Isa East Project in northwest Queensland, Australia.
Highlights
- Infill rock chip sampling along the 1.5km Cu mineralised trend at King Solomon returns up to 9.85% Cu and 2.58g/t Au, indicating higher Au potential than previously envisaged
- Further old workings found at Python prospect, extends known mineralisation, with 8.53% Cu and 0.11 g/t Au returned from rock chip sample near historical mine shaft
- Yarraman historical Cu in soil anomaly extends for 400m centred on old workings, with Cooper rock chip samples up to 3.31% Cu returned from historical shaft
- Rock chip samples up to 20.2% Cu from gossanous outcrop 640m southeast of Yarraman workings indicates broader potential of the area
- High powered ground EM at Python progressing
Follow-up surface geochemical sampling in the north-eastern part of the Mt Isa East Project continues to impress and build an exciting picture of the broader Cu-Au potential of the Project area,” Managing Director, Ian Warland, said.
“The highest gold result to date of 2.58g/t Au at King Solomon highlights the strong gold potential of the prospect, which was mainly exploited by historical miners for the copper mineralisation. At Python, the footprint of the old workings and Cu mineralisation continues to grow as field teams continue to explore the area.
“The high-powered electromagnetic survey underway at Python is designed to aid interpretation of the mineralisation in three dimensions and delineate preliminary drill targets.”
“Initial field reconnaissance at other prospects has been very encouraging including Yarraman area, which returned up to 20.2% Cu from an iron oxide gossan hosted in a significant shear zone within mafic rocks, which are often spatially associated with Cu-Au mineralisation in the region.
“I’m very pleased with the company’s progress at assessing Cu-Au occurrences and targets to date, the company is planning to move into less explored areas of the prospective Mary Kathleen Domain with airborne electromagnetic survey to start after the wet season.”
