Cooper Metals Ltd (ASX:CPM) is progressing well with its RC drilling at the King Solomon copper-gold prospect, part of the Mt Isa East Copper-Gold Project in northwestern Queensland.
So far, the company has drilled 16 RC drill holes of the original 20 that were planned and has intersected the copper mineralised host shear zone, identified in the June 2022 maiden drilling program, where mineralisation up to 17 metres @ 2.2% copper from 84 metres including 8 metres @ 4.3% copper from 84 metres (22MERC016) was intersected at King Solomon one.
“The RC drilling is progressing well with 16 of the original 20 planned drill holes completed. We have made a key decision to expand the drilling program on the run, by around 50%, allowing us to continue to chase the host shear zone deeper and along strike,” Cooper Metals managing director Ian Warland said.
“Importantly, we have been submitting priority samples to the laboratory in batches guided by copper results on the portable XRF. We look forward to receiving the assay results as soon as possible and updating the market accordingly.”
Drilling focus and fast track
The current drilling program is focused on extending the copper-gold mineralisation along strike and down dip, and testing new targets identified during an induced polarisation (IP) survey in July.
The drilling done so far continues to intersect the host shear zone outside of the original June drill pattern.
CPM has submitted over five hundred one metre drill samples to the laboratory and expects the first assay results in September, while the board has made the key decision to expand the original drill program by around 50% to continue to follow the host shear zone further along strike and down dip.
The company expects the current program to finish in early September, with the remainder of the drill samples to be priority processed through the laboratory.
Over the coming months it intends to complete drilling at King Solomon and fast track assays.