- Cyprium Metals (CYM) has received results from the first holes drilled at its Nanadie Well Copper-Gold Project in the Murchison region of WA
- Completed earlier this year, the reverse circulation drilling program is testing the oxide and supergene mineralisation at the deposit
- Results from four out of 66 drillholes show shallow copper and gold intercepts including 45 metres at less than a g/t and less than a per cent of copper from two metres including 11 metres at 1.8 per cent copper and 0.4g/t of gold from 16 metres
- The results define near-surface supergene mineralisation which is open along strike to the north and south, and west
- The company hopes the remaining drillhole assays, expected in the coming weeks, will further support its understanding and expected potential of the supergene mineralisation at the project
- Cyprium Metals is trading 15 per cent higher on the back of the news at 30.5 cents a share
Cyprium Metals (CYM) has received results from the first holes drilled at its Nanadie Well Copper-Gold Project in the Murchison region of WA.
The reverse circulation drilling program was completed earlier this year to test the
oxide and supergene mineralisation at the deposit.
Covering 3500 metres, the phase one program drilled 66 holes. Of those, assay results from four holes have been received.
The results show shallow copper and gold intercepts including 45 metres at less than a gram per tonne of gold (g/t) and less than a per cent of copper from two metres including 11 metres at 1.8 per cent copper and 0.4g/t of gold from 16metres including two metres at 3.5 per cent copper and 1g/t of gold from 16metres.
The results define near-surface supergene mineralisation which
is open along strike to the north and south, and west.
The company reports that the supergene mineralisation doesn’t outcrop and is covered by one to 25 metres of transported and unconsolidated sediments.
Preliminary investigations of the Nanadie Well deposit data indicates the potential for supergene mineralisation over the full 750 metres of strike that is currently defined.
Executive Director, Barry Cahill commented on the results.
“These fantastic results from the first four holes of the programme provide strong support to our understanding and demonstrate the potential of the supergene horizon at Nanadie Well.”
“We anticipate continued positive news flow over the coming weeks as the results for the remaining 62 holes are received,” he continued.
Cyprium Metals is trading 15 per cent higher on the back of the news at 30.5 cents a share at 11:36 am AEDT.