Cooper Metals (ASX:CPM) continues to deliver ‘significant’ Cu-Au mineralisation following a reverse circulation (RC) drilling campaign at the King Solomon prospect, as part of its Mt Isa East Project in Queensland.
The results, generated by 11 of the total 27 RC drillholes, represent the first batch of assays returned from the RC drilling campaign and continues to build upon the successful maiden drilling program in June, which returned ‘excellent’ copper grades of 4.3%.
Key ‘significant’ intercepts include:
- Hole 22MERC032: 19m @ 1.6% Cu and 0.21g/t Au from 123m, incl. 5m @ 4.5% Cu and 0.57g/t Au
- Hole 22MERC031: 7m @ 1.5% Cu and 0.16g/t Au from 123m, incl. 4m @ 2.2% Cu and 0.26g/t Au
- Hole 22MERC023: 14m @ 1.0% Cu and 0.09g/t Au from 76m, incl. 4m @ 2.1% Cu and 0.23g/t Au
- Hole 22MERC023: 5m @ 1.1% Cu and 0.15g/t Au from 112m
- Hole 22MERC028: 10m @ 1.0% Cu and 0.04g/t Au from 50m, incl. 3m @ 2.1% Cu and 0.08g/t Au
- Hole 22MERC030: 3m @ 1.2% Cu and 0.1g/t Au from 91m, incl. 1m @ 2.7% Cu and 0.21g/t Au
- Hole 22MERC022: 2m @ 1.6% Cu and 0.05g/t Au from 86m
- Hole 22MERC029: 1m @ 1.3% Cu from 107m
Addressing the results, Cooper Metals Managing Director, Ian Warland, said: “King Solomon continues to deliver outstanding copper-gold intercepts along a well-defined shear zone traced for over 700m in strike length. Mineralisation has been intersected to over 100m deep and is open at depth.
“King solomon continues to deliver outstanding copper-gold intercepts along a well-defined shear zone for over 700m in strike length”
The IP is proving to be an invaluable guide to IOCG style of mineralisation found at King Solomon. With just under half the drilling holes assayed to date and the laboratory processing the rest of the samples as a priority, we expect to update the market shortly.”
The company also notes that these results successfully extend copper-gold mineralisation to the north, south and down dip across a potential strike length of about 650m and to a depth of 120m, however, the true extent of continuity will only be known once all assays are returned.
In addition, drillholes conducted to test IP and geochemical anomalies at King Solomon 2 and 3 have returned encouragingly broad low grade zones of copper mineralisation, as well as ‘significant’ disseminated magnetite and pyrite alteration.
The presence of magnetite and pyrite alteration leads the company to believe that a large IOCG system exists at depth.
The Mt Isa East Project is located about ~30km southeast of the township of Mount Isa in northwest Queensland and comprises five tenements covering a combined area of ~1,300km-square. The project is prospective for Cu-Au mineralisation and currently boasts numerous historical workings and prospects that are ready for immediate follow up exploration.
With results from the recent RC drilling campaign now returning, Cooper Metals announces that it will move forward with follow up exploration programs once all outstanding assays are received.
Images: Cooper Metals Ltd
