- Cooper Metals (CPM) intersects “significant” shallow copper mineralisation at the King Solomon copper-gold prospect in Queensland
- The company recently undertook a 21-hole reverse circulation drilling program to test under historical workings and fixed loop electromagnetic survey responses
- A total of 12 holes were drilled at the King Solomon 1 prospect, with up to 5.4 per cent copper and 0.31 g/t gold intersected
- Cooper says drill assay results and interpretation for King Solomon 2 and 3 are in progress and will be released to the market shortly
- Cooper Metals is up 6.82 per cent with shares trading at 47 cents at 10:38 am AEST
Cooper Metals (CPM) has intersected “significant” shallow copper mineralisation at its King Solomon copper-gold prospect within its Mt Isa East project in Queensland.
The company recently undertook a 21-hole reverse circulation (RC) drilling program to test under historical workings and fixed loop electromagnetic survey responses along a 1.2-kilometre-long mineralised trend.
A total of 12 RC holes were drilled at the King Solomon 1 prospect, with eight intersecting shallow copper mineralisation over a 380-metre strike. Cooper said the mineralisation in this area remained open to the south-southeast and at depth.
The best assay results from this drilling include 18 metres at 1.8 per cent copper and 0.11 grams per tonne (g/t) gold from 57 metres, including five metres at 5.4 per cent copper and 0.31 g/t gold.
“The maiden RC drilling program at King Solomon has exceeded our expectations, delivering excellent copper assay results at King Solomon 1 prospect — the first exploration holes ever drilled at the prospect,” Cooper Managing Director Ian Warland said.
“Significant shallow copper and gold mineralisation has been intersected in eight holes spread out over a strike length of approximately 380 metres, and down to a maximum depth of approximately 100 metres. Encouragingly mineralisation remains open at depth and to the south-southeast.”
Cooper said drill assay results and interpretation for King Solomon 2 and 3 were in progress and would be released to the market shortly.
Cooper Metals was up 6.82 per cent with shares trading at 47 cents at 12:29 pm AEST.