✦ The chase continues for copper and gold in this mineral exploration story.
Noel Ong, CEO of Samso catches up with Ian Warland, Managing Director of Cooper Metals Limited (ASX:CPM). Mr. Warland is an exploration geologist with more than three decades of experience.
Noel is one to walk the talk, and as often as he advocates investors to DYOR, he himself also buries himself deep in research when he is excited about something.
And that is the case for the story of Cooper Metals. Noel is very keen on this project and is doing an in-depth DYOR. It is not every day that he finds something so different with potential still in the ground. This is really just the beginning, and the latest geophysical surveys are indicating some reasonable target.
"Copper is where you see it on the surface", says Ian Warland.
Noel's first conversation with Cooper Metals was in December 2021. Much has happened since then.
Here are just some of the updates.
1) The share price for the company has risen substantially as Carnaby Resources Limited (ASX: CNB) made a significant discovery nearby. The announcement on the 17th December 2021 had set the scene for similar discoveries in this region, and this is the scenario:
"The RC pre-collar to NLDD044 has intersected a 34m down hole zone of copper sulphide including a 24m zone of mostly semi massive copper sulphide containing 5-40% chalcopyrite based on visual estimates."
2) When the next announcement on the 29th December 2021 came out with the assays, it was a race for the young and old.
The title read:
"MAJOR COPPER GOLD DISCOVERY 41m @ 4.1% COPPER, INCLUDING 9m @ 10.3% COPPER AT GREATER DUCHESS PROJECT"
41m @ 4.1% copper, 0.5 g/t gold from 247m
Incl. 24m @ 6.5% copper, 0.7g/t gold from 251m
Incl. 9m @ 10.3% copper, 1.2g/t gold from 264m
3) Basically, the Mt. Isa East project is now in play and Ian and his team are edging to get out there and prove that they too have similar potential. The company has a market capitalisation of $20M and it is just near discovery.
If discovery happens for Cooper Metals, and the chances are looking pretty good, this will be north of $100M.
In addition, Carnaby has shown the world that there is more in the ground than people have thought of in the last few decades.
All the fruits may still be in the ground. More to be revealed. Stay tuned.
Get the exciting updates here:
Chapters:
00:00 Start
00:20 Introduction
01:14 Ian Warland updates.
01:58 What does the latest geophysical surveys mean for the current projects?
04:26 Is Python and King Solomon the key prospects in Mt Isa?
06:37 How has the recent news from your neighbours helped in the Cooper Metal Story?
08:48 Mt Isa has had a big gap between historical data and current exploration.
11:09 What is the market saying to you?
13:21 What's the news flow coming up?
15:02 When is the drilling happening?
15:40 Is it a case of "Don't Drill a Perfectly Good Project" ?
16:59 Last words from Ian Warland.
19:14 Conclusion
Have you downloaded the first Ebook (FREE) from Samso? It is all about VMS (Volcanogenic Massive Sulfides).
About Ian Warland
Managing Director
A highly experienced and successful geologist with 25 years’ experience in Australia and internationally over a wide range of commodities. Notably, a career highlight, was being joint recipient for “Explorer of the Year” in 2006 for the discovery of the Jacinth and Ambrosia zircon-rich mineral sand deposits.
Ian holds a Bachelor of Applied Science Geology with First Class Honours and university medal from the University of Technology Sydney. He also has a Graduate Diploma of Applied Finance and Investment and an Associate Diploma in Environmental Control.
In the last ten years Ian has worked primarily in the junior exploration sector as a geological consultant and in senior management positions for Musgrave Minerals and Marmota. After leading Twenty Seven Co Ltd as their CEO for the last three years, Ian is now Managing Director of Cooper Metals.
About Cooper Metals Limited
Cooper Metal’s flagship Mt Isa East Cu-Au Project covers over 1300 sq km of tenure with numerous historical Cu-Au workings and prospects already identified for immediate follow up exploration. The Mt Isa Inlier is highly prospective for iron oxide copper gold (IOCG) and shear hosted Cu +/- Au deposits.
Mt Isa East is complimented by two early stage Projects in WA within proven well mineralised districts. The Yamarna Gold Project located along strike from Gold Roads 6.16 Moz world class Gruyere Gold Deposit (ASX: GOR) has an extensive length of untested Dorothy Hills Shear Zone that was important in the formation of Gruyere < 10 km to the southeast.
Lastly the Gooroo Cu and Au Project covers newly identified greenstone belt ~20 km from Silver Lakes Deflector mine. The 26 km expanse of covered greenstone belt has had almost no exploration and was only added to government geology maps in 2020 after reinterpretation of geophysical data.
Contact Cooper Metals Limited
t/ 0410 504 272
Disclaimer
This article is sponsored content.
ASX companies engage Samso and Brilliant-Online to share their commentary on the progress of their companies and projects. The author, owners of Samso and Brilliant-Online and associated entities may or may not hold shares of these companies.
The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. - Samso
About the Author
Noel Ong, CEO of Samso tells compelling stories by engaging business leaders to reveal insights beneficial to the investment community.
Contact Samso
Samso helps executives tell ASX stories that pique interest.
t/ +61 490 092 814
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