Cooper (ASX:CPM) spin up at King Solomon

Cooper (ASX:CPM) spin up at King Solomon

August 15, 2023 0 By Tom Duggan

Cooper Metals have started drilling at King Solomon 1, opening with four diamond holes for 700 meters into the high-profile copper-gold prospect at its Mt Isa East project, located in a Queensland North West Minerals Province proven as one of the world’s richest producing regions.

It marks the first diamond drilling into the prospect, tabbed to provide essential data from three plunging shoots of higher-grade mineralisation struck by last year’s RC drilling.

Cooper Managing Director Ian Warland said mineralisation at the prospect extends for around 650 metres along strike, and drilling has already confirmed significant intercepts down to 170 metres below the surface.

“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 three plunging shoots, should improve our geological model and aid in deeper phases of drill testing. We look forward to updating the market as information arises,” Mr Warland said.

Forward plan

One hole will also test for extensions to the parallel western zone near the centre of the IP anomaly at King Solomon, and drilling will provide the critical information to go deeper, with a DHEM survey also planned for each hole to aid the interpretation.

Meanwhile, geochemical sampling and mapping will continue across Mt Isa East, directed at firming up priority copper-gold targets for RC drill testing later in the quarter.

The Queensland Government have earmarked the state’s northwest to continue to be a significant contributor to its economic growth and has backed Cooper as one of the companies to make it happen near some of the world’s most important deposits.

Drilling is expected to wrap up in three weeks, with assays and surveys to come as Cooper continues its regional push over its extensive collection of Mt Isa tenements.

CPM Mt Isa King Solomon Map

Prospect drill hole locations against IP chargeability and planned diamond drill holes

A map showing the location plan of Mt Isa East.

Project location plan

CPM.AX
COOPERMET FPO [CPM]
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COOPERMET FPO [CPM]
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Employees:
Cooper Metals Limited focuses on discovery and exploration of copper and gold deposits in Queensland and Western Australia, Australia. Its flagship project is the Mt Isa East project that covers an area of approximately 1,600 square kilometers located in the Mount Isa district of north-west Queensland. The company was incorporated in 2021 and is based in Perth, Australia.

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