Cooper Metals Limited (ASX: CPM) has announced assay results from Brumby Ridge and Raven Cu-Au Prospects at the company’s Mt Isa East Cu-Au Project.
Cooper Metals managing director Ian Warland commented: “To say we are pleased with the results of the initial scout drilling on five Cu-Au prospects is an understatement. The Brumby Ridge drill intercept is the single strongest mineralized intercept drilled by Cooper Metals in the last two years.”
Initial RC drill hole 23MERC024 intercepted 50m at 1.32% Cu from 80m including 2m @ 6.1% Cu & 0.23g/t Au at the Brumby Ridge Cu-Au Prospect, which is the best assayed drill intercept at the Mt Isa East Cu-Au Project to date.
Follow up drilling at Brumby Ridge, which commenced last week, intercepted an amazing 72m @ 1.5% Cu from 113m to end of hole, estimated from portable XRF (pXRF)* hosted in strongly altered iron oxide copper-gold brecciated mafic volcanics. Additionally, mineralization at the Brumby Ridge prospect is open in all directions and appears to be improving with depth with this phase of drilling almost complete and assays due in December.
More significant mineralization has been intersected at Raven including:
• 15m @1.0% Cu & 0.1g/t Au from 35m within a wider intercept of 28m @0.63% Cu & 0.061g/t Au from 34m (23MERC019). The new intercept builds on that reported early this month at Raven1 including:
• 10m @1.27% Cu and 0.17g/t Au from 77m and 3m @1.46% Cu & 0.15g/t Au from 100m both within a wider intercept of 44m @0.48% Cu & 0.055g/t Au from 59m (23MERC018)
• RC drilling is continuing at Brumby Ridge and Raven Cu-Au Prospects and is expected to be completed this week with assays returned in December
“Raven continues to expand with another great intercept into a home-grown conceptual target. These two prospects are now the company’s main focus and are being followed up as we speak, as Cooper continues to test its pipeline of quality Cu-Au prospects in the region. This cluster of prospects, including Mafic Sweats South, are only around 30km to the SE of Mt Isa, close to infrastructure and worthy of further priority investigation and exploration by Cooper.” Added Ian.
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