- Cooper Metals (CPM) extends the gold anomalism at its Gooroo project in WA
- The company has received the results from an infill soil sampling program, which included 593 soil samples and returned assays of up to 24.7 parts per billion gold
- The company says five broad gold anomalies occurred in potentially favourable structural trap sites
- Cooper Metals has now launched a field trip to “ground truth” the four priority gold anomalies ahead of planned auger drilling later in the year
- Cooper Metals was last trading at 29.5 cents at 3:21 pm AEDT
Cooper Metals (CPM) has extended the gold anomalism at its Gooroo project in Western Australia.
The company has received the results from an infill soil sampling program targeting orogenic gold and copper-gold anomalies in the Murchison province of the Yilgarn Craton.
The company collected 593 infill soil samples that returned assays up to 24.7 parts per billion gold. Cooper said samples greater than four parts per billion gold were considered anomalous.
The company also reported five broad gold anomalies occurring in potentially favourable structural trap sites, such as the nose of the Gullewa syncline and significant regional faults traversing the greenstone belt.
“These latest results are exciting given the high prospectivity of the Gullewa greenstone belt and the lack of exploration in the southern portion of the Gullewa syncline,” Cooper Metals Managing Director Ian Warland said.
Cooper Metals has now launched a field trip to “ground truth” the four priority gold anomalies ahead of planned auger drilling later in the year.
The auger drilling has been planned in areas of cover where basements rocks are not currently exposed.
Cooper has submitted a program of work to appropriate regulators, and drilling will commence after the necessary approvals are received.
Cooper Metals was last trading at 29.5 cents at 3:21 pm AEDT.