Cooper Metals Limited (ASX: CPM) has identified a robust conductor at the Python prospect in preliminary results of the fixed loop electromagnetic survey (FLEM) at the Python and King Solomon Cu-Au Prospects located at the Mt Isa East Project in north western Queensland, Australia.
The FLEM programme just finished on the 26th of February and initial results are now available. Geophysical Program Rationale and Details Copper-gold (Cu-Au) mineralisation at the Python and King Solomon Prospects is hosted in mixed siltstones, sandstones, and limestone of the Corella Formation.
Both prospects have extensive historical workings in the form of shafts and small open pits, significantly without any recorded drill testing. The geophysical programme comprised two separate survey blocks over each prospect with each block consisting of several traverses of three-component FLEM.
Managing Director, Ian Warland, said the high-powered FLEM survey is the first of this type conducted on these historical prospects and was designed to identify the presence of conductive anomalies under the old workings that may indicate the presence of copper sulphide mineralisation at depth
“I am highly encouraged that our first high-powered fixed loop electromagnetic survey at Mt Isa East has identified conductors at both the Python and King Solomon Cu-Au prospects,” Mr Warland said.
“The Python conductor is especially exciting with the modelled conductor extending for over 400m and coincident with a significant regional fault.
“The use of publicly available VTEM data led Cooper to the Python conductor, confirming our strategy to use VTEM as an effective way of screening our tenure for sulphide rich deposits.
“To this end, Cooper has already signed a contract to complete a detailed VTEM in the June Quarter. Importantly, Cooper now has initial targets for drill testing and our highest priority is to organise a drill programm4, while continuing to generate a pipeline of high-quality Cu-Au targets.”
For further information please visit: https://www.coopermetals.com.au/
