Cyprium Metals Limited (ASX: CYM)

Announced the receipt of assay results from the final 11 RC holes (for 3,356m) 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.

 

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Cyprium Metals	ASX: CYM
Stage	Development, Exploration
Metals	Copper, Cobalt
Market cap	A$118m @ 21c
Location	Western Australia

 

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Cyprium Metals Final Drilling Results Extend Nifty West

 

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to announce the receipt of assay results from the final 11 RC holes (for 3,356m) 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.

 

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HIGHLIGHTS
 Assay results received from the final 11 RC holes drilled at Nifty West targeting lightly tested areas of copper mineralisation below the former Nifty open pit.
 Significant intersections include:
Hole 21NRWP064 – copper mineralisation extends over 92m downhole, including:
• 20m at 0.70% Cu from 210m, including:
 1m at 1.04% Cu from 210m
 4m at 1.29% Cu from 214m
 1m at 1.23% Cu from 221m
 1m at 1.42% Cu from 225m
• 31m at 1.61% Cu from 234m, including:
 14m at 2.72% Cu from 235m
• 13m at 0.55% Cu from 268m, including:
 1m at 1.14% Cu from 271m
 1m at 1.26% Cu from 273m
 Excellent potential remains to outline further copper mineralisation extending into the
southern limb and up-plunge of the Nifty syncline, in the next phase of drilling.

 

Cyprium Metals management comments

“Progress continues for us at Cyprium, hot on the heels of the robust economics displayed in the release of our Restart Study for Nifty.

 

“We are announcing another fantastic set of drilling assay results that concludes what has been a highly successful Nifty West drilling programme.

 

“This is a substantial zone of mineralisation, which provides additional copper tonnes in the future large-scale open pit development, which remains open to the west and south.

“We look forward to adding these drilling results into the updated Nifty Mineral Resource, which is planned to be released during the 2nd quarter of this year.

 

“We are also looking forward to receiving further assay results from the Nifty southeast drilling programme over the coming weeks.

“In the meantime, our focus is on finalising the financing of the Nifty Restart Study to establish Cyprium as copper producer in the shortest time frame possible.”

Cyprium Managing Director Barry Cahill

 

For brevity, this summary has been redacted, to read the full news release, please click HERE

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