Updated: Apr 13
✦ Ian Warland, Managing Director of Cooper Metals Limited (ASX: CPM) is an exploration geologist with more than three decades of experience. He shares the concepts of the Cooper Metals story today.
Cooper Metals shares a mineral exploration story in a prime location that is a melt of mineralisation. As Ian Warland says, "Copper is where you see it on the surface."
If you look at the location of Cooper Metals' tenure in Mt. Isa, you may well be surprised.
It is right in the heart of the Mt. Isa Inlier. This is similar to the Miramar Resources story with the Gidji JV in Kalgoorlie.
What is noteworthy is the Mt. Isa East project is literally within a stone's throw from major deposits. We are talking about deposits with world class numbers within the same region.
Resemblance in the geology aside, what the information is saying is, this region is nothing less than a nearology story that has been proven successful and with well-endowed fruits to boot.
Noel Ong, CEO of Samso, looking at the company's recent announcement of finding some great rock chips from existing trenches (Mt Isa East rock chip assays up to 35.3% Cu and 7.96g/t Au), is expecting Cooper Metals to find smoke in their exploration. He is keen to watch for the Queensland project and, as Ian shared, the company's next step is to fly a new geophysical survey. This will give them a more detailed understanding of where the potential mineralisation can be found.
Looking ahead, the next targets for the company are the Yarmana Gold project and the Gooroo Gold project in Western Australia. They may be early stage projects still but they have an interesting potential. Noel is interested in the Yarmana Gold project because of the tenements that are adjacent to the world class Gruyere Gold mine which is owned by Gold Road Resources Limited (ASX: GOR).
For now, he ranks the Gooroo Gold project as his third choice. However, the recent change in understanding of the greenstone presence within the Gullewa Greenstone belt may well change the ranking.
The Project area is located within the Archaean Gullewa Greenstone belt in the Murchison Province of the Archaean Yilgarn Craton. The area is prospective for Archean gold and Volcanic Massive Sulphide deposits. Silver Lakes (ASX: SLR) Deflector Cu-Au deposit is located ~ 26km north of the Gooroo Project.
Let's listen to these chapters on Coffee With Samso Episode 122:
01:05 Ian Warland introduces Cooper Metals Limited.
01:58 How did Cooper Metals get the projects?
05:14 How much of a correlation does surface mineralisation have with discovery?
08:00 Why did Cooper get the opportunity of these projects?
10:28 Neighbours in Mt. Isa are finding great results.
11:43 Comments on the recent announcement.
11:59 Copper is where you see in on the surface.
13:41 Was there a model of chasing nearby projects prior to listing on the ASX?
15:59 Geophysics have come a long way.