Cooper Metals Ltd (ASX:CPM) managing director Ian Warland discusses the company’s strategy of adding value through greenfield exploration in highly prospective areas with good infrastructure and undervalued tenure.
The company has been developing the Mt Isa East Project in Queensland, targeting iron, gold, copper, and shear-hosted cobalt-gold over 1300 square kilometres of tenement.
Cooper Metals has already identified multiple copper-gold deposits, with the Barbara target offering a mineral resource estimate of 4.7 million tonnes at 1.6% copper and 0.15 g/t gold.
Historical workings already exist at the Python and King Solomon prospect, with shallow pits and an old shaft offering promising rock chip grades consisting of copper returns up to 16.65% and gold grades of up to 0.44 g/t.
A high-powered ground electromagnetic (EM) survey is already underway to identify optimal drill targets across the Python prospect.
The Yarraman prospect also provided promising rock chip samples up to 20.2% copper and 3.9 g/t gold, which will be followed up with mapping and sampling with some possible geophysics planned for this year.
Cooper Metal is also planning systematic exploration of its second project, the Yamarna Gold Project in Western Australia, historically underexplored because of shallow aeolian cover over areas of the tenure.