Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to announce further assay results from 28 RC holes (for 7,504m) of the Nifty West drilling program. The drilling programme targeted a lightly drilled area, up-plunge of the former underground mine in the keel area of the Nifty Syncline, below the western end of the Nifty open pit (refer to Figure 1).


HIGHLIGHTS

  • Assay results have been received from a further 28 RC holes drilled at Nifty West, targeting lightly tested areas of copper mineralisation below the former Nifty open pit.
  • Confirms continuation of significant copper mineralisation in the keel zone to the west at 80- 100m thick, enhancing a potential large-scale open pit development.
  • Significant results include:

Hole 21NRWP018 - 86m @0.57% Cu downhole zone of copper mineralisation including:

  • 8m at 0.49% Cu from 170m including:
    • 1m at 1.09% Cu from 176m, and
  • 9m at 0.81% Cu from 181m including:
    • 2m at 1.23% Cu from 182m & 2m at 1.05% Cu from 187m, and
  • 18m at 0.96% Cu from 196m including:
    • 1m at 2.03% Cu from 197m & 3m at 1.85% Cu from 202m & 1m at 1.36% Cu

from 207m & 2m at 1.29% Cu from 209m, and

  • 10m at 0.76% Cu from 215m including:
    • 1m at 1.00% Cu from 217m & 1m at 1.41% Cu from 223m, and
  • 3m at 1.09% Cu from 226m including:
    • 1m at 1.62% Cu from 226m, and
  • 12m at 0.52% Cu from 244m including:
    • 1m at 2.21% Cu from 245m

Hole 21NRWP020 - 97m @0.47% Cu downhole zone of copper mineralisation including:

  • 7m at 0.58% Cu from 153m including:
    • 1m at 1.02% Cu from 156m, and
  • 5m at 0.60% Cu from 169m including:
    • 1m at 1.12% Cu from 170m, and
  • 6m at 0.91% Cu from 179m including:
    • 3m at 1.30% Cu from 180m, and
  • 5m at 0.54% Cu from 187m including:
    • 1m at 1.02% Cu from 190m, and
  • 15m at 0.70% Cu from 201m including:
    • 2m at 1.49% Cu from 207m & 1m at 1.19% Cu from 215m, and
  • 4m at 0.75% Cu from 222m including:
    • 1m at 1.78% Cu from 223m, and
  • 7m at 1.90% Cu from 235m including:

Managing Director Barry Cahill commented:

“We have been very pleased with the drilling results received to date. These assay results continue to confirm the presence of a substantial zone of copper mineralisation which is up-plunge of the former underground mine. We continue to be excited about the receipt of the results of balance of the outstanding assays. It is not often that you have the privilege of getting these widths of mineralisation beneath an existing shallow open pit. The assays will be included in an updated mineral resource estimate that we look forward to releasing during the first half of this year.”

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This article includes content from Cyprium Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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