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Cyprium Metals (ASX:CYM) Going Great Guns With Diamond Drilling at Nanadie Well

  • January 15, 2021 09:47 AM AEDT
  • Hina Chowdhary
    Director, Equities Research Hina Chowdhary
    1439 Posts

    Hina Chowdhary is the Director, Equity Research at Kalkine and has an extensive experience of about 15 years in the area of Research, which includes 5+ years in Equities Research particularly.She has earned a Master of Science degree from the renowne...

Cyprium Metals (ASX:CYM) Going Great Guns With Diamond Drilling at Nanadie Well

Summary

  • Cyprium Metals continues to progress its diamond drilling programme at Nanadie Well Project with encouraging outcomes. 
  • The fifth DD (diamond drill) hole of the inaugural phase of the programme has also intersected shallow and consistent sulphide mineralisation. 
  • The Company also commenced reverse circulation drilling at the project in early 2021.
Gold MTF non-AMP

Australian explorer Cyprium Metals Limited (ASX: CYM) is undertaking diamond drilling (DD) focused on extending the existing resources and providing samples for metallurgical endeavours at the Nanadie Well Copper-Gold Project. The recent update of Cyprium indicates that the diamond drilling programme continues to hit thick sulphide mineralisation zones at the project steadily.  

Earlier in December 2020, all the initial four drill holes intersected the sulphide’s consistent mineralisation with depths ranging from 45m to 290m. The programme has set in motion the strategy of Cyprium to drill out the resource at the Nanadie Well project in the Murchison District of Western Australia.

ALSO READ: Cyprium Metals (ASX:CYM) Kicks Off RC Drilling at Nanadie Well Copper-Gold Project

Cyprium’s Executive Director Barry Cahill has expressed pleasure on providing another update of the Company’s Phase 1 diamond drilling programme underway at the project. The most recent drill hole has continued the legacy, intersecting thick zones of sulphide mineralisation along strike and at shallow depths.  

The Company is excited to witness robust outcomes from the diamond holes drilled so far and looks forward to offer detailed assay results once they are received, he added. 

ALSO READ: Cyprium Metals (ASX:CYM) Drilling Consistently Hitting Thick and Shallow Mineralisation at Nanadie Well

Usage of Diamond Drilling for A Range of Purposes

Cyprium commenced the 1,700m diamond drilling programme in December 2020 to clearly define the mineralisation geology and get hold of metallurgical samples. 

The diamond drilling is serving several objectives in defining the mineralisation of the Nanadie Well project. 

The programme offers core for mapping and geological logging in sulphide as well as supergene material. It would provide better insight to the Company concerning the mineralisation at the project. 

The diamond drilling would also help assay a vast array of payable metals (such as gold, silver, nickel, cobalt and PGE) that could be present in the mineralisation. These metals are typically linked to magnetic deposits. 

Furthermore, it would also ensure testing of the geological model of the flat fractionated layers along with the layers’ section that exhibits higher grades. 

The Company is eyeing to kickstart test work concerning optimised extraction process in the supergene as well as sulphide mineralisation. The ongoing DD program would furnish metallurgical sample material to commence the test work. 

The targeting of higher-grade zones of orebodies and extensions along strike and under the currently defined mineralisation would be performed with downhole geophysics enabled through the drilling programme. 

The campaign would aid in defining an estimate for the mineral resource at the Nanadie Well project as per the JORC 2012 standard. It would subsequently be incorporated in the scoping study ongoing for the Murchison Copper-Gold Project. Additionally, depth extensions of the mineralisation would also be tested in the diamond drilling programme. 

ALSO READ: Cyprium Metals (ASX:CYM): Panoramic View of Project Portfolio and Strategy

Outcomes of the Diamond Drilling Programme

The initial five holes drilled during the 1,700m sulphide diamond drilling programme continue to consistently intersect disseminated mineralisation of sulphide at shallow depths that lie between 45m to 290m. The mineralisation includes chalcopyrite and pyrrhotite.

NWD2101, the fifth drilling hole, has a drilling orientation of -60 degrees to 090 degrees from true north.

Source: CYM ASX Update, 14 January 2020

CYM shares closed at $0.250 on 14 January 2020.

 

 


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