Cooper Metals (ASX:CPM) has kicked off its diamond drilling campaign at the King Solomon 1 prospect within the Mt Isa Copper-Gold Project in Queensland, Australia.
The $7.03 million market capitalisation company says the drilling campaign will test the ‘significant’ shallow copper and gold mineralisation already intersected.
Cooper Metals says once the diamond drilling has been completed and assays interpreted, it will start DHEM surveys over completed diamond holes. Following this, it will plan follow-up drill testing at King Solomon and then launch reverse circulation (RC) drill testing of regional targets.
Commenting on the exploration activities, Cooper Metals Managing Director Ian Warland says: “King Solomon 1 Cu-Au mineralisation extends for around 650m along strike in 3 higher grade plunging shoots, where reverse circulation (RC) drilling in 2022 confirmed significant intercepts down to 170m below surface.
“Our expectation from the previous RC drilling and IP surveys is for significant depth potential at King Solomon”
Our expectation from the previous RC drilling and IP surveys is for significant depth potential at King Solomon. Detailed structural geology data from the diamond drilling, which is targeted into the higher grade portions of the 3 plunging shoots, should improve our geological model and aid in deeper phases of drill testing.”
Cooper Metals notes this diamond drilling program is part of a ‘larger’ regional exploration push, including planned RC drilling to begin later this coming quarter over some of the copper-gold targets discovered in the company’s tenement portfolio.
Cooper Metals is an ASX-listed exploration company, focused on copper and gold discoveries. The company’s portfolio of assets includes the Mt Isa East, Yamarna Gold, and Gooroo projects around Australia.
As of 30 June 2023, the company had $1.5 million cash at hand, according to its latest quarterly report published on 27 July.
Write to Aaliyah Rogan at Mining.com.au
Images: Cooper Metals
