Cooper Metals Ltd (ASX:CPM) has hailed positive results from reconnaissance geochemical sampling on the new Ardmore tenement and at Sylvia May within the Mt Isa East Copper-Gold Project in northwest Queensland.
Reconnaissance geochemical sampling on the Ardmore tenement returned assays up to 17.3% copper and 0.4 g/t gold in rock chips from a northeasterly-trending shear zone in the prospective Corella Formation rocks.
In the southern portion of the tenement, about 5.5 kilometres northeast of Carnaby’s Mt Hope prospect, new rock chip sampling identified a prospective 1.8-kilometre north-trending shear zone developed along the contact between mafic rocks and the Corella Formation, with assays up to 17.25% copper and 0.3 g/t gold.
Other rock chip samples from the same shear zone returned assays including:
- 4.69% copper and 0.15 g/t gold;
- 3.78% copper and 0.04 g/t gold; and
- 1.86% copper and 0.84 g/t gold.
Separately, a rock chip sample taken from remnant stockpiled mineralised rock at the historical Sylvia May mine returned 7.1% copper.
MER098 (17.3% copper, 0.4 g/t gold).
Building quality copper-gold pipeline
“Cooper is continuing to build a pipeline of quality copper-gold targets at the Mt Isa East Project. Initial geochemical sampling on the new Ardmore tenement just north of Carnaby’s Mt Hope prospect has delivered some highly encouraging copper and gold results,” Cooper’s managing director Ian Warland said.
“Copper mineralisation identified at surface along a north-trending shear zone in the southern portion of the tenure indicates the high prospectivity of the Ardmore tenement for copper-gold deposits.
“On-ground work will continue to define areas for potential geophysical surveys ahead of drill testing in 2023. We look forward to updating the market as more results come to hand.”
Little Sylvia Pit sampling
Next steps
Cooper is drilling at the King Solomon and Python prospects, which is due to finish later this month.
The company will undertake follow-up soil sampling at Ardmore to better define the strength and extent of the copper mineralisation prior to geophysical surveys and drill testings in 2023.
Meanwhile, reconnaissance sampling is planned to continue following-up VTEM anomalies and other targets identified by Cooper’s team.