- Cyprium Metals (CYM) receives the first assay results from the Nifty East Copper Mine in Western Australia
- A total of 18 reverse circulation holes were drilled to target areas of potential oxide and transitional mineralisation extending east of the Nifty open pit
- Grades peaked at 2.06 per cent copper and the results highlight the strong potential to define further shallow mineralisation
- Follow-up drilling is now being planned and initial results from the Nifty western extension drilling are expected shortly
- Cyprium is down 4.17 per cent on the market with shares trading at 23 cents at 2:38 pm AEST
Cyprium Metals (CYM) has received the first assay results from the Nifty East Copper Mine in Western Australia.
A total of 18 reverse circulation (RC) holes, for 3011 metres, were drilled to target areas of potential oxide and transitional mineralisation extending east of the Nifty open pit.
The drilling aimed to increase the density over the sparsely tested eastern extension of the existing resource.
While minimal, previous drilling intersected encouraging widths of oxide and transitional zones of copper mineralisation.
Best results include 13 metres at 0.55 per cent copper from 77 metres including two metres at 2.06 per cent copper from 80 metres, and 21 metres at 0.45 per cent copper from 122 metres including five metres at 1.28 per cent copper from 124 metres.
These results highlight the strong potential to define further shallow mineralisation for the planned heap leach restart.
“The first phase of drilling at Nifty East has firmed up our understanding of the copper mineralisation extending from the former Nifty open pit and clearly demonstrates excellent potential to grow the existing resource further east,” Mr Cahill said.
“Follow-up drilling is currently being planned and we look forward to updating the market on the results from the extensional drilling to the west of the Nifty pit.”
Cyprium was down 4.17 per cent on the market with shares trading at 23 cents at 2:38 pm AEST.