Contact Lake Airborne Survey Completed
VANCOUVER, February 28, 2007 -
Cooper Minerals Inc. (TSXV: CQ) has received final results from the VTEM (Geotech
Ltd.) airborne geophysical survey on the Contact Lake and Terra
iron-oxide, copper, gold, silver and uranium (IOGC) projects in the Great
Bear Lake area of the Northwest Territories. This geophysical survey
consisted of approximately 4,000 line kilometres, flown at a 100-metre
line spacing. The VTEM survey is considered one of the airborne survey
industry's best deep-penetrating electromagnetic and magnetic systems.
The VTEM airborne magnetic and electromagnetic survey has been successful
in outlining structure, favourable geology, zones of conductivity,
magnetic zones and zones of alteration, some of which are coincident with
areas of known mineralization. This survey was very useful in advancing
some of the known targets to the drill ready stage.
The Contact Lake and Terra projects consist of approximately 75,000 acres,
430 kilometres north of Yellowknife, NT. Parts of the property adjoin or
are surrounded by the Alberta Star Development Corp. (TSX-V: ASX) Contact
Lake project which was drilled in 2006. Alberta Star carried out a major
exploration program, including a large drill program. The Olympic Dam or
IOCG model is proposed as the main exploration target on Cooper's
properties in this part of the Great Bear magmatic zone. The Olympic Dam
deposit at Roxby Downs in the Gawler craton of Southwest Australia
consists of dike-like, hematite-rich diatreme breccias in granite and
felsic volcanics and has a reported resource of 2.32 billion tonnes of 1.6
per cent copper, 0.5 gram per tonne gold, 3.5 grams per tonne silver and
0.4 kilogram per ton U3O8. Features of the mineralization and geology in
the Great Bear magmatic zone indicate similarities with Olympic Dam IOCG
deposit. Four constants postulated by Skirrow (1999) exist in both areas:
tectonothermal evolution, host sequence composition, existence of two
contrasting hydrothermal fluid types that allow for coexistence of
magnetite and hematite, and a setting within a deep, crustal-scale fault
system. These and other similarities conclude that the Cooper properties
are situated in a geological setting that has the potential to host
high-unit-value polymetallic mineralization associated with large-tonnage,
IOCG-type deposits, as well the potential to host Echo-Bay-type,
high-grade U3O8-Ag (uranium-silver) mineralization.
For a map of the property location in the Great Bear Lake area, please
visit the company's website www.cooperminerals.com. The Company plans to
carry out diamond drilling in the 2007 exploration season.
Mike Magrum, P Eng, a qualified person under National Instrument 43-101,
has approved the technical content of this news release.
On behalf of the Board of Directors
Cooper Minerals Inc.
Simon Tam
Director
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