Copper and gold exploration company Cooper Metals Ltd (ASX:CPM) has wrapped up a reverse circulation (RC) drilling program at multiple deposits within its Mt Isa East Project in northwest Queensland.
RC scout drilling was completed at Mafic Sweats South, Brumby Ridge, Long Slot, Raven and Yarraman, where initial assessment suggests that follow-up testing will be "warranted" at a number of the prospects.
The deposits are all within 10 kilometres of one another.
Samples to lab
Cooper completed 14 holes for 1,550 metres as part of an initial drill-test of the geochemical and geophysical anomalies at the five prospects.
The company submitted the first batch of 294 one-metre samples for Mafic Sweats South and Raven to the ALS laboratory in Mt Isa last week and another 344 samples, including quality control samples, yesterday.
The first results are expected in November and the rest will follow soon after.
Map of the Mt Isa East prospects.
Expect follow-up drilling
“RC scout drilling was successfully completed over the five prospects,” Cooper Metals managing director Ian Warland said.
“Drilling data is currently being compiled and interpreted with follow-up drilling likely at some of the prospects, upon receipt of assay information.
“We expect assay results in November and will provide updates to the market as soon as possible.”