Cooper (ASX: CPM) delivers outstanding results from the outset at King Solomon
Cooper Metals first RC drilling assay results have built upon maiden drilling intercepts of up to 4.3 per cent copper recorded along an 8-metre stretch at King Solomon copper-gold prospect near Mount Isa in Queensland.
The initial campaign in June recorded 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016), with assay results for eleven of the twenty-seven RC drill holes having been received.
he company is upbeat that the remaining assays confirm broad zones of low-grade copper mineralisation, magnetite and pyrite alteration with higher-grade core centred around the host shear zone.
“King Solomon continues to deliver outstanding copper-gold intercepts along a well-defined shear zone traced for over 700m in strike length,” Managing Director Ian Warland said.
“Mineralisation has been intersected to over 100m deep and is open at depth.
“The IP is proving to be an invaluable guide to the IOCG style of mineralisation found at King Solomon.
“With just under half the drill holes assayed to date and the laboratory processing the rest of the samples as a priority, we expect to update the market shortly.”
Next Steps
Receive outstanding assay results for King Solomon Prospect and plan and execute follow-up exploration programs.
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Significant higher grade intersections
- 19m @ 1.6% Cu & 0.21g/t Au from 123m, incl. 5m @ 4.5% Cu & 0.57g/t Au (22MERC032)
- 7m @ 1.5% Cu & 0.16g/t Au from 123m incl. 4m @ 2.2% Cu & 0.26g/t Au (22MERC031)
- 14m @ 1.0% Cu & 0.09g/t Au from 76m incl. 4m @ 2.1% Cu & 0.23g/t Au (22MERC023)
- 5m @ 1.1% Cu & 0.15g/t Au from 112m (22MERC023)
- 10m @ 1.0% Cu & 0.04g/t Au from 50m incl. 3m @ 2.1% Cu & 0.08g/t Au (22MERC028)
- 3m @ 1.2% Cu & 0.1g/t Au from 91m incl. 1m @ 2.7% Cu & 0.21 g/t Au (22MERC030)
- 2m @1.6% Cu & 0.05g/t Au from 86m (22MERC022)
- 1m @ 1.3% Cu from 107m (22MERC029)
- 14m @ 1.0% Cu, incl: 4m @ 2.1% Cu & 0.23 g/t Au (22MERC023)
About King Solomon 2 and 3
King Solomon 2 and 3 prospects are along strike to the SSE of King Solomon. Only six of the twenty-eight holes drilled in the August program tested IP and geochemical anomalies at King Solomon 2 and 3. Encouragingly broad low-grade zones of copper mineralisation were intersected in several holes, along with significant disseminated magnetite and pyrite alteration that may partially explain the IP anomalies and potentially indicate a large IOCG system at depth.
Drillhole 22MERC024 intersected 98m @ 0.1% Cu from 25m with a higher 37m @ 0.2% Cu from 63m associated with disseminated pyrite and magnetite, and hole 22MERC025 located approximately 60m to the south intersected patchy low-grade copper mineralisation including 41m @ 0.1% Cu from 94m along with disseminated pyrite and magnetite.
Hole 22MERC026 testing an IP anomaly intersected a narrow vein of copper mineralisation, 12m @ 0.24% Cu from 41m, including 1m @ 1.4% Cu before entering a zone of strong magnetite alteration coincident with the IP anomaly. Drillhole 22MERC019A intercepted 4m @ 1% Cu from 78m, including 1m @ 3.3% Cu testing beneath a mineralised outcrop and a weak IP anomaly. Assay results are pending from 22MERC044 and 22MERC045.