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Cooper Metals (ASX: $CPM) completes government funded gravity survey at Mt Isa East Cu-Au Project

Cooper Metals (ASX:CPM) completes detailed gravity survey at Mt Isa East Cu-Au Project


Cooper Metals Limited (ASX:CPM) is pleased to announce the completion of a government funded detailed gravity survey at the Mt Isa East Cu-Au Project. The survey covered approximately 150 sq kms at a nominal 500m station spacing, with infill to a 100m station spacing at the King Solomon and Brumby Ridge Cu-Au Prospects. The survey aimed to identify new prospective areas for copper and gold mineralisation.

Executive Commentary on New Gravity Survey


Importantly, this new detailed gravity survey improves the station spacing by four times compared to the historical data. At Brumby Ridge and King Solomon, 100m infill data has highlighted key lithological contacts and structures important in focussing Cu-Au mineralisation at these Prospects. A review of the regional data has identified new targets of interest where the favourable structures may have formed at the contact between brittle and ductile lithological units highlighted in the gravity data. Cooper continues to build its pipeline of targets at Mt Isa East and is also assessing potential acquisitions to grow shareholder value.

Summary of Government Funded Gravity Survey


The completion of the government funded detailed gravity survey at the Mt Isa East Cu-Au Project has provided valuable insights into potential areas for copper and gold mineralisation. The survey revealed significant findings at the King Solomon and Brumby Ridge Cu-Au Prospects, indicating the presence of strong mineralisation and highlighting prominent structures intersecting lithological boundaries. The new regional gravity data is thought to be highlighting the juxtaposition of brittle and more ductile units, which are favorable sites for the formation of faults and shear zones that could host significant Cu-Au mineralisation. Cooper Metals continues to review the new gravity data and other geochemical and geophysical datasets, aiming to build a pipeline of targets at Mt Isa East while assessing new potential acquisitions to enhance shareholder value.

COOPER METALS LIMITED
CPM | ASX | Materials
0.0490.001(+2.08%)
At close 21/11 (AEDT)
Market cap
$3.8M
Volume
32,848
DY Yield
PE Ratio
52 Week Range
0.0425 - 0.5
1YR Return
N / A

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