Cooper Metals Hits Copper-Gold in Two Untested Prospects

THE DRILL SERGEANT: Cooper Metals (ASX: CPM) reported the latest assay results for the Mafic Sweats South and Raven copper-gold prospects at the company’s Mt Isa East copper-gold project.

Cooper Metals drilled the first of three holes into Raven, testing a coincident VTEM and geochemical anomaly, which intersected:

10 metres at 1.27 per cent copper and 0.17 grams per tonne gold from 77m; and
3m at 1.46 per cent copper and 0.15g/t gold from 100m.

Both intersections occurred within a wider intercept of 44m at 0.48 per cent copper and 0.055g/t gold.

The two other drill holes at Raven also intersected visual sulphides, for which assays are pending and expected later this month.

The drilling program encountered large low grade copper mineralisation at the Mafic Sweats South prospect that is open in all directions.

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65m at 0.34 per cent copper from surface and ended in mineralisation.

Cooper Metals indicated RC drilling will be fast tracked at Raven in November.

“Intersecting significant copper-gold mineralisation near surface at Raven is exciting for the company and proof that our new targets generated with the use of geophysics and rapid geochemistry applied in this area is generating new discoveries,” Cooper Metals managing director Ian Warland said in the company’s ASX announcement.

“It’s early days for Raven and Mafic Sweats South, however drill planning is already underway to complete follow-up drilling at Raven later this month before the end of the field season.

“We believe a combination of coincident VTEM, the significant copper geochemical footprint and the recent drill results at Raven, make this a compelling target, which warrants fast tracked exploration drilling.

“Mafic Sweats South drilling returned a large copper oxide intersection open in all directions and has untested sulphide potential at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE