| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Cyprium Metals Ltd. |
| Project name: | Maroochydore |
| Location: | Australia |
| Commodities: | Copper,Cobalt |
| Highlight: | Drilling results incl. 11m @ 2.27% Cu, 429ppm Co from 65m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Cyprium Metals Limited (“CYM”, “Cyprium” or “the Company”) is pleased to report the results of the first round of assays that have been received from the 2021 Reverse Circulation (“RC”) drilling campaign at the Maroochydore Copper – Cobalt Project (refer to Figure 1). The 50 RC drillhole programme included 46 resource definition and extension holes (5,990m) and 4 water bores (228m) for a total of 6,218 metres as detailed in Figure 2, Images 1 to 8 and Table 1. To date, the results from 19 holes have been received by the Company as detailed in Appendix 1. These RC drill holes targeted oxide, supergene and transitional mineralisation at the project with several holes extending into fresh basement rock. Sulphide mineralisation was intersected from 108m down hole in 21MDRC018 (refer to Image 7). The oxide mineralisation currently extends over a strike length of 3,000m, has a width of up to 500m and thicknesses up to 100m, as modelled in the existing JORC 2012 mineral resource estimate. The resource shapes are outlined in figure 1 and sections 1 & 2. |
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