- Cyprium Metals (CYM) hits a broad, 180-metre zone of copper mineralisation at the Nanadie Well Project in Western Australia’s Murchison district
- The company intersected the zone in the third hole of a phase one diamond drilling campaign completed at the copper-gold project in January
- Assays returned the highlight intercept of 180 metres at 0.6 per cent copper and 0.2 grams of gold per tonne (g/t) from 10 metres
- The results will contribute to a JORC mineral resource estimate for the project for use in the Murchison Copper-Gold scoping study
- Shares are up 2.08 per cent to 24.5 cents each at 11:40 am AEST
Cyprium Metals (CYM) has hit a broad, 180-metre zone of copper mineralisation at the Nanadie Well Project in Western Australia’s Murchison district.
The company intersected the zone between 10 metres and 190 metres in the third hole drilled as part of its phase one diamond drilling campaign completed at the copper-gold project in January.
Assay highlights from hole NWD2003 returned 180 metres at 0.6 per cent copper and 0.2 grams of gold per tonne (g/t) from 10 metres.
This intercept contained several others, including five metres at three per cent copper and 0.3g/t gold from 95 metres.
Cyprium’s executive director Barry Cahill said the company was excited by the results and noted all drill holes from the program had intersected visible copper.
“The mineralisation has been consistent in the central section of Nanadie Well and we look forward to commencing metallurgical studies to optimise the extraction of copper and gold from a potential heap leach operation at the deposit,” he said.
“This is another set of fantastic drill results for this extensive deposit, which is very shallow, broad, consistently mineralised and is open in all directions.”
CYM will use these results, together with those from a completed phase one reverse circulation campaign and subsequent programs, to prepare a JORC-compliant mineral resource estimate (MRE) for Nanadie Well this year.
The MRE will, in turn, be included in the Murchison Copper-Gold scoping study.
Cyprium Metals shares were up 2.08 per cent to 24.5 cents each at 11:40 am AEST.