Cooper Metals Ltd (ASX:CPM) has fielded the first batch of assay results from the third phase of reverse circulation (RC) drilling at King Solomon copper-gold prospect within the Mount Isa East Project in Queensland, unearthing more high-grade mineralisation.
The company’s drilling program hit three separate zones of copper sulphide mineralisation in the northern section of King Solomon 1, results include:
- 17 metres at 1.7% copper and 0.38 g/t gold from 49 metres, including 4 metres at 6.2% copper and 1.31 g/t gold (western zone);
- 9 metres at 2.5% copper and 0.25 g/t gold from 94 metres, including 5 metres at 4.2% copper and 0.39 g/t gold (middle zone); and
- 12 metres at 0.6% copper and 0.02g/t gold from 148 metres, including 2 metres at 1.3% copper and 0.04g/t gold (eastern zone)
The western mineralised zone is a newly discovered mineralised zone parallel to the main shear.
Cooper Metals intends to undertake more drilling and leverage a recently completed induced polarisation (IP) survey to better understand continuity of the mineralisation here.
King Solomon 1 remains open to the north and down dip, with other notable results from this prospect including:
- 14 metres at 1.3% copper and 0.07 g/t gold from 97 metres, including 7 metres at 2.1% copper and 0.11 g/t gold;
- 13 metres at 0.8% copper and 0.02 g/t gold from 29 metres, including 1-metre at 3.0% copper; and
- 6 metres at 1.2% copper and 0.06 g/t gold from 166 metres.
New gold zone “very encouraging”
“The newly discovered western zone of mineralisation parallel to the main mineralised shear zone is very encouraging, indicating that the mineralised shear zone is wider than expected in places,” Cooper Metals managing director Ian Warland said.
“Importantly, the gold grade appears to be higher in the western zone, with individual 1-metre samples up to 4g/t gold from new drill hole 22MERC055."
“The western zone remains open and requires follow up drilling to test its continuity. The recently finished IP survey is currently being processed and the rest of the assays for the remaining 10 holes are rapidly working their way through the laboratory," he said.
“We look forward to updating the market with the rest of the results as they come to hand.”