Cooper (ASX:CPM) grabs high-grade Gooroo greenstone gold near Geraldton

Cooper (ASX:CPM) grabs high-grade Gooroo greenstone gold near Geraldton

June 26, 2024 Off By Jack Baker

Cooper Metals’ sampling campaign over the Gooroo project has enhanced its existing anomalies and returned a new priority one at Foxglove with assays up to 48.3 grams per tonne gold east of Geraldton port in the Mid West region of Western Australia.

A half-dozen soil anomalies have been spotted in what could be favourable structural traps known for their import in forming deposits in a newly identified greenstone belt covered by Gooroo.

Soil sampling returned a top 118 parts per billion from Foxglove and prospectivity-enhancing values to both the Smokebush and Darwinia anomalies.

The 26-kilometre expanse of covered Gullewa greenstone belt was only added to government maps a few years ago and has been subject to almost no exploration despite sitting 20km away from high-grade low-cost operations at Deflector.

Cooper Metals Managing Director Ian Warland said the latest geochemical sampling results were starting to build some excitement, particularly around Foxglove.

“This area is proximal to interpreted faults that may have been important plumbing mechanisms in the region for gold mineralisation,” he said.

“After focusing on acquiring further key geochemical and geological datasets, Cooper is now working hard to obtain the necessary regulatory approvals for drill testing in the future.”

While most of its focus has been on copper exploration surrounding Mt Isa, Cooper Metals made its IPO with Gooroo in the portfolio, surprised at the lack of exploration despite the known copper-gold deposits.

Drilling has yet to occur over the tenure, but early exploration efforts have shown enough for Cooper to expand it twice, most recently with new tenements along strike from gold deposits and evidence of mineralisation-focusing structures.

Part of the tenure does fall under a proposed conservation site requiring another approval process, but Cooper will focus on low-impact exploration as it plans another field trip to map priorities for the drill.

Aircore drilling is planned for the areas where basement rocks are not exposed and will begin once approvals are in, as a precursor for an RC campaign over deeper targets if results are favourable.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.