Highlights
- Assay results for 23MERC028 confirmed bonanza copper grades with 71m at 2.8% Cu including 24m at 5.4% Cu.
- Three out of five drill holes at Brumby Ridge have hit significant mineralisation and finished in mineralisation.
- DHEM survey is advancing at the Brumby Ridge and Raven prospects, with results anticipated in December 2023.
Cooper Metals Limited (ASX: CPM) has reported latest assay results for 23MERC028 drill hole at the Brumby Ridge prospect within the Mt Isa East Cu-Au project. The results are significantly higher than the recently reported portable XRF (pXRF) results.
The assays confirm bonanza copper grades in 23MERC028 drill hole, returning 71m at 2.8% Cu and 0.05 g/t Au from 115m to end of hole at 186m, including 24m at 5.4% Cu and 0.10 g/t Au from 115m.
The latest assays build on the previously reported RC results for drill hole 23MERC024, situated nearly 30m southeast of 23MERC028, that returned 50m at 1.32% Cu and 0.05g/t Au from 80m including 2m @ 6.1% Cu & 0.23g/t Au.
The company informed that mineralisation at Brumby Ridge is open in all directions and copper and gold grades seem to increase with depth.
CPM shares soar
Following the release of significant assay results, CPM shares surged by over 69% to trade at AU$0.440 apiece during the early morning trading hours on 30 November 2023.