Ann: Wide-spread Cu and Au mineralisation at Mount Isa East, page-38

Mining Copper
https://**promotion blocked**/wp-content/uploads/2022/02/gold-investing-stocks-investor-640x360.jpg
Pic: */Via Getty
Resources Top 5: Are these explorers dialling in on ‘a major find’?
Mining
10 minutes ago | Reuben Adams


share

• https://**promotion blocked**/wp-content/themes/stockhead_lee_mic_v2/images/social-share/share-page.png
• https://**promotion blocked**/wp-content/themes/stockhead_lee_mic_v2/images/social-share/facebook.png
• https://**promotion blocked**/wp-content/themes/stockhead_lee_mic_v2/images/social-share/twitter.png
• https://**promotion blocked**/wp-content/themes/stockhead_lee_mic_v2/images/social-share/linkedin.png

• Cooper Metals’ ‘Mt Isa East’ project is near Carnaby Resources’ company-making Nil Desperandum IOCG discovery
• Small copper-gold mine developer Alara Resources now almost +400% year-to-date
• Empire, Gold Mountain and Heavy Minerals gain on positive exploration results

Here are the biggest small cap resources winners in early trade, Monday February 7.

COOPER METALS (ASX:CPM)

An interesting nearology play.
CPM’s ‘Mt Isa East’ just 10km from Carnaby Resources’ (ASX:CNB) company making Nil Desperandum IOCG discovery, in the same rocks.
New rock chip sampling at several Mt Isa East prospects continues to “build an exciting picture of the broader copper-gold potential of the project area”, CPM says.
Rock chips up to 9.85% copper and 2.58g/t gold along the historical 1.5km-long ‘King Solomon’ trend indicating higher gold potential than previously envisaged.
More old workings were found at ‘Python’, with 8.53% Cu and 0.11g/t Au returned from rock chip samples near a historical mine shaft.
“The highest gold result to date of 2.58g/t Au at King Solomon highlights the strong gold potential of the prospect, which was mainly exploited by historical miners for the copper mineralisation,” CPM managing director and former explorer of the year Ian Warland says.
“At Python, the footprint of the old workings and Cu mineralisation continues to grow as field teams continue to explore the area.
“Initial field reconnaissance at other prospects has been very encouraging including Yarraman area, which returned up to 20.2% Cu from an iron oxide gossan hosted in a significant shear zone within mafic rocks, which are often spatially associated with Cu-Au mineralisation in the region.”
A high-powered ground electromagnetic survey at Python is underway.
EM surveys map sub-surface changes in electrical conductivity and are useful – but not perfect — tools for finding mineral deposits.
CPM is planning to move into less explored areas of the prospective Mary Kathleen Domain with airborne electromagnetic survey to start after the wet season.
CPM is up 180% on its late 2021 listing price of 20c per share.