Cooper Metals Ltd (ASX:CPM) managing director Ian Warland tells Proactive the company is making progress in its quest to pick out new copper-gold targets using reconnaissance sampling and ground truthing at the Mt Isa East Project in northwest Queensland. Among notable discoveries is the Raven prospect, where a VTEM anomaly and copper-gold-rich gossan have been identified. Rock chip results at Raven reveal copper concentrations as high as 26.7% and gold grades reaching 2.49 g/t.
After finishing the VTEM survey in early June, Cooper has now completed initial helicopter-supported ground truthing over the Barbara East tenement area and has identified three VTEM anomalies that exhibit high prospectivity for copper-gold mineralisation, worthy of follow up and drill testing.
As part of the same reconnaissance trip, the discovery of the new Raven prospect which has a VTEM response over a copper-gold rich gossan is highly encouraging.
Cooper continues to build and rank its pipeline of copper-gold targets and is planning to drill test a series of the best targets in the 2023 field season. We will provide more updates as they come to hand.
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Cooper Metals Ltd