Cooper (ASX:CPM) cosies up to famed EloiseSeptember 25, 2023
Cooper Metals has obtained a promising tenement in the Eastern Province of the Mt Isa Inlier, which is in close proximity to the Eloise Cu-Au mine.
The exciting move has increased the company’s land holdings to approximately 100 square kilometres in an essential region for copper-gold deposits.
Cooper plans to expand their ground holdings for the Oorindi Cu-Au Project by acquiring EPM19686.
The company is confident the acquisition will strengthen its application for an adjacent tenement, EPM28905, known for copper-gold deposits.
Electromagnetic surveys and drill tests on the highest-ranked anomalies will identify potential rocks.
The contact area with Mt Norma Quartzite has favourable indications for ISCG-style deposits.
Cooper Managing Director Ian Warland said the acquisition is an exciting opportunity for future exploration and discovery in the Oorindi Cu-Au Project.
“Cooper has signed a binding term sheet for the acquisition of a tenement just a stone’s throw from the significant Eloise Cu-Au mine,” Mr Warland said.
“Notably, the tenement has had no on-ground exploration for the last decade. The acquisition complements Cooper’s adjoining new tenement application EPM28905.
Cooper believes the area has significant potential for Cu-Au mineralisation and is thrilled to add this area to our impressive ground holding in the Mt Isa Inlier.
After finalising the transaction, Cooper will explore the Mt Isa East Project with RC drilling on five prospects.
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