Cyprium Report Good Cue Drill Results

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Cyprium Metals (ASX: CYM)

Reported assay results from the April / May 2022 Reverse Circulation drilling campaign which was completed at the Cue Copper Project, Western Australia.

The 26 RC drill hole programme tested targets on seven Cue exploration licences for a total of 3,441 metres. 

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Cyprium Metals

Cyprium metals Cue Project location, Western Australia

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Cyprium Metals ASX: CYM
Stage Development, Exploration
Metals Copper, Cobalt
Market cap A$70m @ 9.6 c
Location Pilbara, Western Australia

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Cyprium Metals Report Encouraging RC Drilling Results at the Cue Project

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Cyprium Metals Limited (ASX: CYM) (“CYM”, “Cyprium” or “the Company”) is pleased to report assay results from the April/May 2022 Reverse Circulation (“RC”) drilling campaign which was completed at the Cue Copper Project.

The 26 RC drill hole programme tested targets on seven Cue exploration licences for a total of 3,441 metres.


HIGHLIGHTS

• RC drilling of targets at Cyprium’s Cue Project has returned anomalous results at 5
of 7 targets tested
• RC drilling is targeted at discovering syngenetic-structural base metal deposits
• RC drilling on E20/630, under the northern half of an extensive soil anomaly
returned elevated copper and gold values from 3 of the 4 drill holes the first
completed under this untested soil anomaly
• RC drilling at Mt Eelya under outcropping gossan intersected anomalous levels of copper, zinc and gold.

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Significant results include:

• 44m @ 1,167 ppm Cu & 3,525 ppm Zn from 0m in 22CURC004 including:
o 4m @ 5,020 ppm Cu, 8,720 ppm Zn & 0.12 g/t Au from 8m
o 4m @ 3,800 ppm Cu, 2,030 ppm Zn & 0.39 g/t Au from 40m
• 4m @ 6,850 ppm Zn from 24m in 22CURC005
• 4m @ 5,385 ppm Zn from 68m in 22CURC005
• 12m @ 1,380 ppm Ni & 139 ppm Co from 80m in 22CURC013
• 8m @ 1,435 ppm Ni from 68m in 22CURC014
• 16m @ 1,160 ppm Ni & 102 ppm Co from 52m in 22CURC015
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Managing Director Barry Cahill commented:

“Cyprium continues to work through the back log of information on its development projects while it focusses on the finance process for the restart of the Nifty Copper Project.

 

“The Cue results are another part of building the business that we have.

 

“Our ambition to be a mid-sized copper producer depends on identifying and developing projects for Cyprium’s future production projects and these results clearly indicate the potential of Cue to meet our development criteria.

 

“Cyprium’s portfolio is once again demonstrating its quality. Nifty in finance, approved ready to go, Murchison’s and Maroochydore’s potential both growing steadily in a bullish copper environment.”

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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Disclosure

At the time of writing the author holds shares in Cyprium Metals bought in the market at the prevailing price on the days of purchase.

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