| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Cyprium Metals Ltd. |
| Project name: | Nifty |
| Location: | Australia |
| Commodities: | Copper |
| Highlight: | Drilling results incl. 87m @ 0.92% Cu |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to announce further assay results from 28 RC holes (for 7,504m) of the Nifty West drilling program. The drilling programme targeted a lightly drilled area, up-plunge of the former underground mine in the keel area of the Nifty Syncline, below the western end of the Nifty open pit (refer to Figure 1). Further wide intervals of low to medium-grade copper mineralisation were encountered on four section lines (101,560E – Figure 3, 101,600E– Figure 4, 101,640E– Figure 5 and 101,680E– Figure 6) to the immediate east of lines 101,480E and 101,520E, where significant intersection were reported from the first batch of assay results announced on 2 November 20211 . The latest intersections provide further confirmation of the presence of significant copper mineralisation associated with the lightly tested Nifty Syncline keel zone upplunge of the former underground mine. The remaining 25 holes drilled in the west pit area have been designed to intersect potential oxide, transition and sulphide ore, as infill and extension along the keel and the south limb of the Nifty Syncline. Further drilling will be conducted in the south-east and east of the existing pit, which potentially will add the existing 732,000 tonnes of contained copper in the mineral resource at Nifty2 (refer to Figure 7). |
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