- Cyprium Metals (CYM) receives assay results from the final two diamond holes drilled at the Nanadie Well Project in Western Australia
- Five diamond holes were drilled to test for sulphide mineralisation associated with a layered mafic intrusive unit outlined in previous reverse circulation drilling
- Overall, grades peaked at 6.2 per cent copper and 2.1 grams per tonne (g/t) of gold, both of which came from the same hole
- Cyprium will use these results to prepare a mineral resource estimate for inclusion in the Murchison Copper-Gold Project scoping study
- Cyprium ends the day in the grey with shares trading at 19.5 cents each
Cyprium Metals (CYM) has received assay results from the final two diamond holes at the Nanadie Well Project.
The Nanadie Well Project lies 650 kilometres north of Perth and 75 kilometres east-northeast of Cyprium’s Cue Copper-Gold Project in Western Australia.
Five diamond holes, for 1328 metres, were drilled to test for sulphide mineralisation associated with a layered mafic intrusive unit outlined in previous reverse circulation (RC) drill programs.
All five holes in the diamond drilling program intersected extensive zones of copper sulphide mineralisation.
This mineralisation currently spans a strike of 750 metres and remains open to the north, south and west.
New results include 5 metres at 1.9 per cent copper and 0.5 grams per tonne (g/t) of gold from 83 metres, including 1 metre at 6.2 per cent copper and 2.17 g/t gold.
Cyprium will use these results to prepare a mineral resource estimate for inclusion in the Murchison Copper-Gold Project scoping study.
“This is another set of fantastic drill results from this extensive copper deposit emerging at Nanadie Well, which remains open in multiple directions,” Managing Director Barry Cahill said.
“We will soon be commencing a mineral resource estimate in advance of metallurgical studies to optimise the extraction of copper and gold from a potential heap leach operation.
“In the meantime, work is progressing to refine our understanding of the geological controls of the primary copper mineralisation, which assists in the planning of the next phase of drilling.”
Cyprium has ended the day in the grey with shares trading at 19.5 cents for a $110.1 million market cap.