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Cooper Metals (ASX:CPM) strikes more copper-gold mineralisation at King Solomon, QLD – The Market Herald

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  • Cooper Metals (CPM) intersects more significant copper-gold mineralisation from the latest round of drilling at its King Solomon prospect in Mt Isa, Queensland
  • The company completed 27 reverse circulation (RC) holes in August to test IP anomalies and extend mineralisation intersected during its maiden drilling program in June this year
  • Cooper says assays from this drilling work uncovered “significant” higher-grade intersections and extended the King Solomon 1 zone to the north, south and down-dip
  • The company says it will plan and execute follow-up exploration programs once all assay results have been received
  • Shares in Cooper Metals are trading grey at 40 cents at 11:08 am AEST

Cooper Metals (CPM) has intersected “significant” copper-gold mineralisation from the latest round of drilling at its King Solomon prospect in Mt Isa, Queensland.

The company drilled 27 reverse circulation (RC) holes for 3463 metres in August to a maximum downhole depth of 208 metres. Cooper has so far received assay results for 11 of the 27 holes completed.

At the King Solomon 1 zone, 20 RC drill holes were drilled to test induced polarisation (IP) anomalies and to extend mineralisation intersected during Cooper’s maiden June 2022 drilling program.

The best results include 19 metres at 1.6 per cent copper and 0.21 grams per tonne (g/t) gold from 123 metres, including five metres at 4.5 per cent copper and 0.57 g/t gold, as well as seven metres at 1.5 per cent copper and 0.16 g/t gold from 123 metres, including four metres at 2.2 per cent copper and 0.26 g/t gold.

Cooper said these results recorded “significant” higher-grade intersections and extended the King Solomon 1 zone to the north, south and down-dip.

“King Solomon continues to deliver outstanding copper-gold intercepts along a well-defined shear zone traced for over 700 metres in strike length,” Cooper Managing Director Ian Warland said.

“The IP is proving to be an invaluable guide to iron oxide copper-gold (IOCG) style of mineralisation found at King Solomon.

“With just under half the drill holes assayed to date and the laboratory processing the rest of the samples as a priority, we expect to update the market shortly.”

At King Solomon 2 and 3, the company said it found “encouragingly” broad low-grade zones of copper mineralisation in several holes, along with significant disseminated magnetite and pyrite alteration. This indicated a large IOCG system at depth.

The company said it would plan and execute follow-up exploration programs once all assay results have been received.

The King Solomon prospect lies within Cooper’s Mt Isa copper-gold project.

Shares in Cooper Metals were trading grey at 40 cents at 11:08 am AEST.

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