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UK
https://cdn.*.com/assets/svg/top_header_logo_color_portrait.svgWritten by: Julie GohAbout this content
ViewCooper Metals Ltd
ASX:CPM
https://cdn.*.com/eyJidWNrZXQiOiJwYS1jZG4iLCJrZXkiOiJ1cGxvYWRcL05ld3NcL0ltYWdlXC8yMDIzXzExXC8yMDIzLTExLTA4LTExLTQwLTMyLTEzZTIzOTVjZDk3YTg2Y2IzNjQwZDQ2MTYxZDJhOGE0LmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJ3aWR0aCI6NDIwLCJoZWlnaHQiOjE5NSwiZml0IjoiY292ZXIifX19
RC drilling in progress at Raven.
Cooper Metals Ltd (ASX:CPM) has kicked off a follow-up reverse circulation (RC) drilling program at the Raven prospect of the Mt Isa East Project in the resource-rich Mt Isa region of northwest Queensland after intersecting significant copper-gold mineralisation near the surface last month.
At the same time, the ASX-lister will take the opportunity to complete additional holes at the Brumby Ridge copper-gold prospect during the program that will take up to two weeks to be completed.
A total of seven RC holes for 1,000 metres has been planned.
Potential to expand
An initial drill test of three holes for 372 metres at Raven in October intersected significant copper-gold mineralisation, including 10 metres at 1.27% copper and 0.17 g/t gold from 77 metres and 3 metres at 1.46% copper and 0.15 g/t gold from 100 metres.
As there has only been a limited amount of drilling at the prospect, Cooper believes there is significant expansion opportunity given the significant size of the geochemical and magnetic anomaly modelled at approximately 400 metres long and steeply dipping.
The VTEM anomaly fits well with the mineralisation intersected to date, which remains open in all directions.
The follow-up RC program will include downhole electromagnetic survey over the new holes to aid drill targeting.
https://cdn.*.com/CKEditor/2023/312/Copper.png
Raven RC drilling on pXRF soil grid, rock chip locations and VTEM anomaly.
Accelerating search
“As indicated last week, the company is fast-tracking follow-up RC drilling at Raven, where we intersected significant copper-gold mineralisation near surface in October,” Cooper Metals managing director Ian Warland said.
“The drilling aims to extend the known mineralisation at depth and along strike, and we will also take the opportunity to complete some additional drill holes at the Brumby Ridge Prospect.
“We look forward to updating the market in the coming weeks.”
h UK [IMG]Written by: Julie GohAbout this content ViewCooper...
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| Last trade - 11.25am 29/04/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
-0.005 ( 3.70 %) |
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| Last updated 12.42pm 29/04/2024 ? | |||||
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