Cyprium Metals Limited (ASX:CYM) (“Cyprium” or the “Company”) is pleased to announce that assay results have been received from the Nifty East infill extensional drilling. The program comprised 21 RC holes for 5,725m targeting areas from the previous program which identified encouraging widths of oxide/transitional mineralisation extending east and sulphide mineralisation extending east at depth beneath the former Nifty open pit (Figure 1).


HIGHLIGHTS

  • All results received from Nifty East Extensional Infill drilling program, targeting the oxide/transitional mineralisation and sulphide mineralisation at depth beneath the open pit
  • Results demonstrate potential to define additional shallow mineralisation for the planned heap leach restart and grow the existing +0.9 Mt contained copper Mineral Resource1
  • Significant widths of copper mineralisation intersected:
    • 18m at 0.45% Cu from 65m in hole 21NRSP021 including:
      • 1m at 2.35% Cu from 67m
      • 17m at 0.52% Cu from 248m including:
        • 2m at 1.14% Cu from 255m
    • 11m at 0.66% Cu from 326m in hole 21NRSP022 including:
      • 2m at 1.57% Cu from 332m
      • 5m at 0.51% Cu from 354m including:
        • 1m at 1.40% Cu from 354m
    • 12m at 0.74% Cu from 234m in hole 21NRSP023 including:
      • 2m at 1.20% Cu from 236m
      • 1m at 1.50% Cu from 239m
      • 1m at 1.26% Cu from 241m
    • 5m at 0.47% Cu from 72m in hole 21NRSP024 including:
      • 1m at 1.36% Cu from 73m
      • 13m at 1.08% Cu from 314m including:
        • 1m at 1.12% Cu from 316m
        • 3m at 3.10% Cu from 321m
    • 13m at 0.52% Cu from 242m in hole 21NRSP025 including:
      • 1m at 1.48% Cu from 243m
      • 1m at 2.13% Cu from 246m
    • 7m at 1.14% Cu from 196m in hole 21NRSP031 including:
      • 4m at 1.76% Cu from 196m
    • 4m at 0.70% Cu from 128m in hole 21NRSP034 including:
      • 2m at 1.17% Cu from 129m
    • 3m at 0.69% Cu from 188m in hole 21NRSP039 including:
      • 1m at 1.21% Cu from 189m
      • 3m at 1.18% Cu from 255m including:
        • 2m at 1.38% Cu from 256m

Executive Director Barry Cahill commented:

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. The results will be added to the resource model. These East drilling results along with the previously released West drilling clearly demonstrate the potential to expand the mineral resource as further phases of drilling proceed.

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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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