Join our daily newsletter At The Bell to receive exclusive market insights
- Cyprium Metals (CYM) receives final results from the latest drill program at its Nifty copper mine in WA’s northeast Pilbara region
- Drill results from Nifty East have showed the potential to define additional shallow mineralisation for the planned heap leach restart at the mine
- Specific results include 18 metres at 0.45 per cent copper from 65 metres including one metre at 2.35 per cent copper from 67 metres
- Executive Director Barry Cahill says the results have “firmed up our understanding” of the mineralisation extending from the Nifty open pit and “clearly demonstrates excellent potential” to grow the existing resource further east
- Cyprium Metals shares are down 1.82 per cent to trade at 13.5 cents at 10:45 am AEST
Cyprium Metals (CYM) received final results from the latest drill program at its Nifty copper mine in the north-eastern Pilbara region of Western Australia.
Drilling included 21 reverse circulation holes, for 5725 metres, and took place at the Nifty East extension infill at the historical copper mine. Here, the company hopes to restart operations using a heap leach SX-EW and establish a long-term producing copper mine.
Results so far demonstrate the potential to define additional shallow mineralisation for the planned heap leach restart at the mine and grow the existing copper mineral resource.
Specifically, results include 18 metres at 0.45 per cent copper from 65 metres including one metre at 2.35 per cent copper from 67 metres and 17 metres at 0.52 per cent copper from 248 metres.
Mineralisation extends east at depth beneath the former Nifty open pit mine. Mineralisation is mostly in proximity to the northern limb of the Nifty Syncline. It has also been confirmed to extend further south.
“The first phase of drilling at Nifty East has firmed up our understanding of the copper mineralisation extending from the current Nifty open pit and clearly demonstrates excellent potential to grow the existing resource further east,” Executive Director Barry Cahill said.
Cyprium Metals shares were down 1.82 per cent to trade at 13.5 cents at 10:45 am AEST.
