Coffee with Samso

Looking for Copper and Gold in Mt Isa - Cooper Metals Limited (ASX: CPM) - Project Update


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Rooster Talk Episode 53   Today's mineral exploration story is an update from Cooper Metals Limited (ASX: CPM) chasing for Copper and Gold. Ian Warland, Cooper's Managing Director, an exploration geologist with more than three decades of experience shares the concepts of the Cooper Metals story.   This Rooster Talk is an update on how things are progressing for Cooper Metals Limited since our first conversation in December 2021. 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, as described below,   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   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     The Mt. Isa East project is is now in play and Ian and his team are edging to get out there and prove that they too have similar potential.   What is on offer is that the company has a market capitalisation of 20M and it is just near discovery. I think that if (and there is a good chance) discovery happens for Cooper Metals, this will be north of 100M. "Copper is where you see it on the surface", says Ian Warland. I am seriously doing my own DYOR on this story. I like this project a lot. Rarely do I express my excitement but this is very different and the potential is still in the ground. As Ian mentioned in the video, this is just the beginning and the latest geophysical surveys are indicating some reasonable target.   In addition, Carnaby has shown the world that there is more in the ground than people have thought off in the last few decades. All the fruits may still be in the ground.   Let's listen to these chapters   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 does 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
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