Cooper (ASX:CPM) return a Brumby Ridge bonanza

Cooper (ASX:CPM) return a Brumby Ridge bonanza

November 30, 2023 Off By Tom Duggan

Cooper Metals has returned another top end strike from the Brumby Ridge Prospect, yielding 71m @ 2.8% Cu & 0.05 g/t Au from 115m to end of hole at 186m intercept at one of many Mt Isa East copper-gold targets accumulated in northern Queensland.

The initial hole into Brumby Ridge returned 50m at 1.32% Cu and 0.05g/t Au from 80m and some early excitement for discovery – now confirmed with a top-flight intercept including 24m @ 5.4% Cu and 0.10g/t Au from 115m and ending in the mineralisation which remains open in all directions and appears to get richer at depth.

Cooper Managing Director Ian Warland said it could be the start of a significant discovery at Brumby Ridge.

“Of the five drill holes to date, three have hit significant mineralisation and finished in mineralisation,” Mr Warland said.

“DHEM is being trialled at the Brumby Ridge and Raven Prospects, along with plans to conduct a larger program of RC and diamond drilling at Brumby Ridge in first quarter 2024, chasing the higher-grade mineralisation at depth and along strike.

“This whole Prospect area is well located, just down the road from Mt Isa township and will continue to be our main focus going in to 2024.”

Another hole drilled closer to surface just northwest of the star intercept intersected the top of breccia zone, returning a lesser 115m @ 0.37% Cu from 86m which still included several elevated zones.

The current RC campaign is now completed at Brumby Ridge and the Raven prospect, where assays remain pending for another four holes.

Downhole electromagnetic survey results are expected in December, and a full assessment of results and an ongoing exploration plan is yet to be determined, but Cooper will now head into the new year with the prospectivity of its large and still underexplored Mt Isa landholdings greatly enhanced by first pass drilling at multiple locations.

CPM Brumby Ridge Map

Brumby Ridge Prospect RC drilling over gridded pXRF soil samples and rock chip
locations

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