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Cyprium Metals eyes copper inventory growth driven by encouraging results at Nifty West

Image Source: CYM Website

Highlights

  • Cyprium Metals has received assay results from a further 16 RC holes for an advance of 4,186m at Nifty West.
  • The drilling programme targeted lightly drilled areas up-plunge of the former underground mine in the keel area of the Nifty Syncline below the western end of the Nifty open pit.
  • The resource update is expected to grow the existing inventory of 732,000 tonnes of contained copper reported for Nifty in the November 2021 Mineral Resource estimate.

Cyprium Metals Limited (ASX: CYM) has reported another set of exciting results, with assays  received from a further 16 RC holes for an advance of 4,186m at Nifty West. These holes were completed at the drilling programme, targeting lightly drilled areas up-plunge of the former underground mine in the keel area of the Nifty Syncline below the western end of the Nifty open pit.

ALSO READ: Cyprium Metals reports encouraging Copper results at the Nifty West

The Company announced results for 5 holes completed on new section line 101,720E in addition to other drilled on existing section lines 101,520E, 101,560E, 101,600E, 101,640E and 101,680E.

ALSO READ: Cyprium Metals’ Drilling further extends massive Maroochydore copper-cobalt resource potential

Source: CYM Update, dated 28 February 2022

All five holes (21NRWP048 to 52) drilled along this previously untested section line have returned significant widths of low to medium grade copper mineralisation consistent with the historic holes.

Significant Results at Hole 21NRWP047

Copper mineralisation in Hole 21NRWP047 extends over 69m downhole, including: 57m at 1.01% Cu from 224m, including:

  • 5m at 1.38% Cu from 225m
  • 3m at 1.61% Cu from 232m
  • 2m at 1.95% Cu from 244m
  • 2m at 1.86% Cu from 267m
  • 8m at 2.65% Cu from 270m, including:
    • 2m @ 6.29% Cu from 274m

ALSO READ: Strong Tailwinds for CYM considering copper market trends

Hole 21NRWP048

Copper mineralisation in hole 21NRWP048 extends over 115m downhole, including:

  • 19m at 0.66% Cu from 186m, including:
    • 2m at 1.64% Cu from 191m
    • 1m at 1.28% Cu from 202m
  • 10m at 0.49% Cu from 218m
  • 17m at 1.19% Cu from 232m, including:
    • 2m at 1.39% Cu from 234m
    • 2m at 1.51% Cu from 238m
    • 2m at 4.03% Cu from 241m
  • 11m at 0.53% Cu from 271m, including:
    • 2m at 1.08% Cu from 272m

Hole 21NRWP049

Copper mineralisation in hole 21NRWP049 extends over 82m downhole, including:

  • 5m at 1.96% Cu from 221m, including:
    • 1m at 4.11% Cu from 225m
  • 22m at 0.88% Cu from 227m, including:
    • 4m at 1.96% Cu from 233m
    • 1m at 1.88% Cu from 238m
    • 1m at 1.03% Cu from 243m
  • 17m at 1.39% Cu from 265m, including:
    • 8m at 2.65% Cu from 266m

ALSO READ: Cyprium leaves no stone unturned on its quest to build a mid-tier copper company

Hole 21NRWP051

Copper mineralisation in hole 21NRWP051 extends over 88m downhole, including:

  • 1m at 1.16% Cu from 238m
  • 20m at 0.85% Cu from 258m, including:
    • 5m at 1.96% Cu from 270m
  • 13m at 1.14% Cu from 288m, including:
    • 9m at 1.47% Cu from 288m

Hole 21NRWP052

copper mineralisation in hole 21NRWP052 extends over 93m downhole, including:

  • 30m at 1.12% Cu from 234m, including:
    • 2m at 4.02% Cu from 237m
    • 4m at 1.62% Cu from 240m
    • 3m at 2.32% Cu from 253m
    • 2m at 1.94% Cu from 259m
  • 41m at 0.91% Cu from 265m, including:
    • 3m at 1.92% Cu from 277m
    • 2m at 3.17% Cu from 286m
    • 1m at 1.38% Cu from 295m
    • 4m at 1.36% Cu from 297m

Other Significant holes

Hole 21NRWP053

A wide zone of low-grade copper mineralisation was intersected from a single infill hole drilled on Section 101,640E between holes 21NRWP020 and 21NRWP0412. Significant intersections from 21NRWP053 include

  • 12m at 0.55% Cu from 185m
  • 7m at 0.51% Cu from 199m
  • 11m at 0.93% Cu from 214m, including
    • 1m at 3.57% Cu from 216m.

The hole deviated towards hole 21NRWP041 and is planned to be redrilled.

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Holes: 21NRWP054 to 57

All four infill holes were completed on Section 101,600E, returning significant widths of low-grade copper mineralisation. These holes confirming the continuity of the mineralisation in the previously reported holes.

Hole 21NRWP058

A step-out hole, 21NRWP058 was drilled to the south and intersected significant copper mineralisation extending into the southern limb area of the Nifty syncline. Significant results from the hole include 5m at 0.78% Cu from 164m, including 2m at 1.26% Cu from 165m, and 16m at 0.59% Cu from 181m, including 1m at 1.12% Cu from 187m and 1m at 1.24% Cu from 191m.

Hole 21NRWP059

It was drilled to infill the previously reported holes 21NRWP019 and 21NRWP0342. Hole 21NRWP059 returned 14m at 0.96% Cu from 200m, including 6m at 1.78% Cu from 204m within a wide zone of anomalous copper mineralisation

Hole 21NRWP060

The hole was drilled to the south of the higher-grade intersections previously reported. It was abandoned and redrilled by hole 21NRWP061, returning several zones of anomalous to low-grade copper mineralisation

Road Ahead

The Company highlighted that assay results for a further 11 holes drilled in the West pit area are pending. Upon completing the program, CYM has scheduled a resource update, which is expected to grow the existing inventory of 732,000 tonnes of contained copper reported for Nifty in the November 2021 Mineral Resource estimate.

ALSO READ: Cyprium Metals announces maiden MRE for Nifty copper deposit, confirms Nifty as top tier copper deposit


 


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