Cooper (ASX:CPM) crack into untested copper-gold at Mt Isa East

Cooper (ASX:CPM) crack into untested copper-gold at Mt Isa East

November 2, 2023 Off By Tom Duggan

The first holes into two previously untested prospects have returned with significant levels mineralisation at Cooper Metals‘ Mt Isa East copper-gold project in northwest Queensland.

An initial hole to test a coincident VTEM and geochemical anomaly at the Raven prospect intersected 10m @ 1.27% Cu and 0.17 g/t Au from 77m and 3m @1.46% Cu and 0.15g/t Au from 100m within a wider 44m @ 0.48% Cu and 0.055 g/t Au from 59m intercept.

The other two holes into Raven likewise intersected visual sulphides, with assays expected later this month.

And a hole into an open Mafics Sweats South prospect also intersected large, lower-grade copper mineralisation, returning a 65m @ 0.34% Cu strike from surface which ended in mineralisation.

Cooper Managing Director Ian Warland said the results were exciting, and provided proof that its target identification was successful in generating discoveries.

“It’s early days for Raven and Mafic Sweats South, however drill planning is already underway to complete follow-up drilling at Raven later this month before the end of the field season,” Mr Warland said.

“We believe a combination of coincident VTEM, the significant copper geochemical footprint and the recent drill results at Raven, make this a compelling target, which warrants fast tracked exploration drilling.

“Mafic Sweats South drilling returned a large copper oxide intersection open in all directions and has untested sulphide potential at depth.”

A tight cluster of prospects allowed Cooper to run across five prospects in a single swoop, and more assays will be coming in soon from the Raven, Brumby Ridge, Long Slot, and Yarraman prospects.

And there is more to come, with Cooper holding onto a large pipeline of Mt Isa targets and further compelling evidence of their potential for discovery.

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