Join our daily newsletter At The Bell to receive exclusive market insights
- Cooper Metals (CPM) intersects sulphides in its maiden drilling program at the Mt Isa East project in Queensland
- Drilling has wrapped up at the King Solomon prospect where 21 holes were drilled to test the fixed-loop electromagnetic response along the 1.2-kilometre trend
- The company collected 450 samples from 16 holes and submitted them to Australian Laboratory Services for gold and copper analysis
- Cooper Metals will begin drilling at the Python prospect once it receives regulatory approvals and follow-up drilling is planned at King Solomon shortly after
- Cooper Metals ends the day 14.8 per cent in the red with shares trading at 46 cents
Cooper Metals (CPM) has intersected sulphides in its maiden drilling program at the Mt Isa East project in Queensland.
Drilling has wrapped up at the King Solomon prospect where 21 reverse circulation (RC) holes, for 1665 metres, were drilled to test the fixed-loop electromagnetic (FLEM) responses along the 1.2-kilometre mineralised trend.
Drilling has confirmed the presence of a steeply dipping zone of trace to dispersed sulphide mineralisation.
The company collected 450 samples from 16 holes and submitted them to Australian Laboratory Services in Mount Isa for gold and copper analysis.
Notably, visible sulphides including pyrite and chalcopyrite were confirmed in most of the holes.
Cooper Metals will begin drilling at the Python prospect once it receives regulatory approvals. Follow-up drilling will be undertaken at King Solomon shortly after.
“The maiden RC drilling program at King Solomon is complete and we are very encouraged with the confirmation of sulphides at the prospect. Several of the holes intersected variable widths of visible pyrite and chalcopyrite along the King Solomon trend,” Managing Director Ian Warland commented.
“We plan to be out drilling again at King Solomon after a data review and as soon as
regulatory drilling approvals are received for the Python prospect.”
Cooper Metals has ended the day 14.8 per cent in the red with shares trading at 46 cents.
