Cooper Metals Ltd (ASX:CPM) is back on the ground at the new Ardmore tenement within the Mt Isa East Copper-Gold Project in north-western Queensland, conducting reconnaissance geochemical sampling.
The new work follows the identification of high-grade copper-gold rock chips in November last year, when the company reported assays of up to 17.3% copper and 0.4 g/t gold from a northeast trending shear zone in the prospective Corella Formation rocks.
Chasing high-grade copper-gold
Cooper is conducting the detailed geochemical sampling to better define the anomalism and cover new targets it picked out in a recent desktop review.
The 100%-owned Ardmore tenement is at the northern end of the same interpreted IOCG corridor, which is host to Carnaby Resources Ltd (ASX:CNB)’s Nil Desperandum, Lady Fanny and Mt Hope prospects.
The Ardmore prospect gives the company significant exposure to the highly prospective Fountain Range Fault, which is adjacent to Hammer Metals’ Ajax and Trafalgar copper-gold prospects northeast of Ardmore.
Learn more: Proactive 