Cooper (ASX:CPM) follows gold Gooroo
February 7, 2023Cooper Metals infill soil sampling has revealed promising gold in soil anomalies at the Gooroo Project on the under-explored southern limb of the Gullewa syncline in Western Australia.
Assay from results the 100m program shows five broad gold anomalies occurring in potentially favourable structural trap sites traversing a greenstone belt, known to be essential for the formation of gold deposits elsewhere.
Location of the Gooroo Project
Excitingly, samples returned higher values in some areas compared to the initial 200m sampling program completed in early 2022, with a maximum of 24.7ppb Au returned from anomaly three over mafic rocks.
“Follow up infill soil sampling has identified five highly anomalous areas at Gooroo. Anomaly 3 has a peak gold value of 24.7ppb in mafic greenstones, proximal to interpreted faults that may have been important plumbing mechanisms in the region for gold mineralisation,” Managing Director Ian Warland said.
“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.
“Field work is underway by geologists to ground truth the gold anomalies and plan auger drilling in areas where outcrop is covered by colluvium, masking any geochemical response at surface.”
Next Steps
Cooper has commenced a field trip to ground truth the four priority gold anomalies ahead of planned auger drilling later in the year.
Auger drilling is planned in areas of cover where basement rocks are not exposed.
Cooper has submitted a program of work to the regulators, and drilling will commence after the necessary approvals are received.
Price Action
Cooper Metals (ASX:CPM) shares are 31c in early morning trade
Fundamental Data
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