Cooper Metals (ASX:CPM) - Managing DIrector, Ian Warland
Managing DIrector, Ian Warland
Source: The Market Herald
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  • Cooper Metals (CPM) identifies new mineralisation targets at the King Solomon 1 Prospect within the Mt Isa East Copper Gold Project in northwestern Queensland
  • The new targets are identified via an induced polarisation (IP) survey undertaken at the prospect that confirmed a strong chargeability anomaly
  • Results from an IP survey confirms a strong chargeability anomaly coincident with known mineralisation recently defined by RC drilling at King Solomon
  • The IP survey also identified several chargeability anomalies that have the potential to significantly increase the mineralised footprint at the prospect
  • Shares in Cooper Metals are up 5.49 per cent to close at 48 cents

Cooper Metals (CPM) has identified new mineralisation targets at the King Solomon 1 Prospect within the Mt Isa East Copper Gold Project in northwestern Queensland.

The new targets were identified via an induced polarisation (IP) survey undertaken at the prospect that confirmed a strong chargeability anomaly coincident with known mineralisation.

Encouragingly, the company said the IP survey had also identified several chargeability
anomalies that have the potential to significantly increase the mineralised footprint at the prospect.

Managing Director Ian Warland called the discovery a “potential game changer” for King Solomon as it successfully mapped the known copper-gold mineralisation.

“The IP survey also highlighted a number of other exciting targets for us to follow up in the immediate vicinity,” he said.

“The drilling results at King Solomon 2 and 3, when placed in context of the IP survey also present an exciting opportunity to discover additional copper-gold mineralisation at the prospect.”

The company will now drill the new IP targets as soon as final drill planning is completed and is expected to start within the next four weeks.

An IP survey over the Python working is currently in progress as well.

Shares in Cooper Metals were up 5.49 per cent to close at 48 cents.

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