Cooper Metals Limited (ASX: CPM) has received outstanding assay results from samples taken from the recent RC drilling programme at King Solomon and Python Cu-Au prospects at the Mt Isa East Copper-Gold Project in north-western Queensland.
“At King Solomon 1, recent drilling has extended the Cu-Au mineralization to around 170m below historical workings in hole 22MERC048A,” Managing Director, Ian Warland, said.
“Importantly, the induced polarisation survey completed late last year indicates the mineralization is likely to extend deeper, especially at the southern end of the prospect where the response is strongest. Another important development is the significant shallow mineralization intersected at the northern end of King Solomon 2 which is open at depth and along strike to the south. King Solomon continues to grow in size and potential for more growth is very promising.”
A total of 19 reverse circulation holes for 2,816m was completed on a range of targets at King Solomon 1, King Solomon 2, King Solomon 3, Python and the Camp gossan. The bulk of the drilling was completed at King Solomon, with 15 holes for 2,314m drilled. The laboratory has now provided assay results for all of the 15 holes submitted to the laboratory.
King Solomon 1 November Drill Programme Overview
The November drill programme is the third programme completed by Cooper at King Solomon in 2022. This third phase included eleven drill holes for 1,824m of RC drilling at King Solomon 1 prospect, drilling under historical workings and testing three plunging shoots identified in the August RC drilling programme.
The latest results have now confirmed mineralization down to at least 170m deep, in hole
22MERC048A. Significant results from 22MERC048A include:
• 14m @1.1% Cu and 0.04g/t Au from 44m, incl: 1m @4.6% Cu and 0.23g/t Au & Incl: 3m @2.7% Cu and 0.07g/t (22MERC048A)
• 21m @0.8% Cu and 0.09g/t Au from 158m, incl: 8m @1.5% Cu and 0.2g/t Au (22MERC048A)
These latest results build on assays released in December last year including assays from drill hole 22MERC055 located in the northern part of King Solomon 1, which contained three significant intercepts of Cu-Au mineralization. Importantly, the western zone of mineralization intersected individual one metre gold grades up to 4.1g/t. Significant Cu-Au intercepts from 22MERC055 include:
• 17m @1.7% Cu and 0.38g/t Au from 49m incl: 4m @6.2% Cu and 1.31g/t Au (western zone)
• 9m @2.5% Cu and 0.25g/t Au from 94m incl: 5m @4.2% Cu and 0.39g/t Au (middle zone)
• 12m @0.6% Cu and 0.02g/t Au from 148m incl: 2m @1.3% Cu and 0.04g/t Au (eastern
zone)
Other significant intercepts at King Solomon 1 from the recent drilling include:
• 14m @1.3% Cu and 0.07g/t Au from 97m, incl: 7m @2.1% Cu and 0.11g/t Au (22MERC048)
• 13m @0.8% Cu and 0.02g/t Au from 29m incl: 1m @3.0% Cu and 0.08g/t Au (22MERC048)
• 6m @1.2% Cu and 0.06g/t Au from 166m (22MERC050)
• 8m @0.6% Cu and 0.1g/t Au from 128m, incl: 2m @1.2% Cu and 0.24g/t Au (22MERC057)
• 10m @0.5% Cu and 0.15g/t Au from 55m, incl: 3m @1.2% Cu and 0.4g/t Au (22MERC058)
• 12m @0.3% Cu and 0.01g/t Au from 158m, incl: 1m @1.0% Cu and 0.01g/t Au (22MERC064)
The new drilling has helped define the edges of the three higher grade plunging shoots, with further drilling required to ascertain the depth potential of copper-gold mineralization. Encouragingly, deeper holes 22MERC055, 22MERC048A and 22MERC50 show significant mineralization is open at depth.
Importantly, the recent IP survey announced last December indicates that the southern chargeability response extends at depth, plunging to the SSE, which may indicate strong potential for copper-gold mineralization in this area down to at least 250m below surface.
King Solomon 2
Drilling at the northern end of King Solomon 2 was designed to test two target areas, with 22MERC060A a redrill of 22MERC060 testing a deeper target to the east. Significant shallow mineralization was interested including in both holes including:
• 16m @0.8% Cu and 0.03 g/t Au from 12m, incl: 5m @2.0% Cu and 0.05 g/t Au (22MERC060)
• 16m @0.5% Cu and 0.02 g/t Au from 16m, incl: 3m @1.2% Cu and 0.05 g/t Au (22MERC060A)
The nearest drill hole located approximately 110m to the southeast of 22MERC060A indicates continuation of the mineralized horizon with a broad zone of low grade copper mineralization (<1%) intersected in 22MERC024. This leaves an untested area downdip and along strike for follow up.
Next Steps
• Review and interpret King Solomon results prior to drill planning.
For further information please visit: https://www.coopermetals.com.au/
