Cooper Metals Limited (ASX: CPM) has received a promising first batch of assay results for recent RC drilling at King Solomon copper-gold prospect near Mount Isa in Queensland.
Highlights
• Building on from the successful maiden drilling programme in June, where drilling intersected an excellent result of 17m @ 2.2% Cu from 84m including 8m @ 4.3% Cu from 84m (22MERC016), assay results for eleven of the 27 RC drill holes have been received
• King Solomon 1 copper-gold mineralisation has been extended to the north, south and down dip, with remaining assays pending to confirm continuity
• Large IOCG system indicated from broad zones of low-grade copper mineralisation, magnetite and pyrite alteration with higher grade core centred around the host shear zone
•New significant higher-grade intersections at King Solomon 1 include:
O 19m @ 1.6% Cu & 0.21g/t Au from 123m, incl. 5m @ 4.5% Cu & 0.57g/t Au (22MERC032)
O 7m @ 1.5% Cu & 0.16g/t Au from 123m incl. 4m @ 2.2% Cu & 0.26g/t Au (22MERC031)
O 14m @ 1.0% Cu & 0.09g/t Au from 76m incl. 4m @ 2.1% Cu & 0.23g/t Au (22MERC023)
O 5m @ 1.1% Cu & 0.15g/t Au from 112m (22MERC023)
O 10m @ 1.0% Cu & 0.04g/t Au from 50m incl. 3m @ 2.1% Cu & 0.08g/t Au (22MERC028)
O 3m @ 1.2% Cu & 0.1g/t Au from 91m incl. 1m @ 2.7% Cu & 0.21 g/t Au (22MERC030)
O 2m @1.6% Cu & 0.05g/t Au from 86m (22MERC022)
O 1m @ 1.3% Cu from 107m (22MERC029)
“King Solomon continues to deliver outstanding copper-gold intercepts along a well-defined shear zone traced for over 700m in strike length. Mineralisation has been intersected to over 100m deep and is open at depth,” Managing Director, Ian Warland, said.
“The IP is proving to be an invaluable guide to IOCG style of mineralisation found at King Solomon. With just under half the drill holes assayed to date and the laboratory processing the rest of the samples as a priority, we expect to update the market shortly.”
About Cooper Metals Limited
Cooper Metals Ltd (ASX: CPM) is an ASX-listed explorer with a focus on copper and gold exploration. CPM aims to build shareholder wealth through discovery of mineral deposits. The company has three projects all in proven mineralised terrains with access to infrastructure.
For further information please visit: https://www.coopermetals.com.au
