Cooper Metals confirms significant copper discovery
November 30, 2023 at 12:31 pm
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Cooper Metals Ltd (ASX:CPM) MD Ian Warland discusses with Proactive significant assay results that confirm a new copper discovery at the company’s Brumby Ridge Prospect within the Mt Isa East Copper-Gold Project in northwest Queensland. The latest assays confirm bonanza copper grades with one hole returning 71 metres at 2.8% copper and 0.05 g/t gold. He says the mineralisation at Brumby Ridge Prospect is open in all directions and appears to increase in copper and gold grade with depth.
Warland said: “71 metres at 2.8% copper, with a higher-grade intersection of 24 metres at 5.4% copper could be the start of a significant discovery at Brumby Ridge for Cooper Metals. Of the five drill holes to date, three have hit significant mineralisation and finished in mineralisation.
"This whole prospect area is well located, just down the road from Mt Isa township and will continue to be our main focus going in to 2024.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Cooper Metals Limited is an Australia-based mineral exploration company. The Company is focused on the discovery of copper and gold. The Companyâs flagship Mount Isa East Project comprises five tenements covering a combined area of approximately 1,300 square kilometers (Km2) in the Mount Isa district of north-west Queensland. The Project is centered approximately 30 km southeast of the town of Mount Isa and 900 kilometers (km) west of the port facilities at Townsville. The Gooroo Gold Project area is located within the Archaean Gullewa Greenstone belt in the Murchison Province of the Archaean Yilgarn Craton. The Silver Lakes Deflector Cu-Au deposit is located approximately 26 km north of the Gooroo Project. The project comprises one granted exploration license, E59/2512, covering an area of approximately 150 km2 in the Yalgoo Shire of the South Murchison District of Western Australia. The Project is centered approximately 400 km north of Perth, Western Australia.