Announcement Date: 2022-02-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cyprium Metals Ltd.
Project name: Nifty
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 57m @ 1.01% Cu from 224m
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 the receipt of assay results from a further 16 RC holes (for 4,186m) at Nifty West. The drilling programme is targeting 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 (Figure 1). Hole locations from the current program are shown in Figure 2 with the significant intersections summarised in Table 2. Discussion of results The results reported in this announcing represent additional holes drilled on existing section lines 101,520E, 101,560E, 101,600E, 101,640E and 101,680E with 5 holes completed on new section line 101,720E. Section 101,520E Hole 21NRWP060 drilled to the south of the higher-grade intersections previously reported on 2 November 20211 was abandoned and redrilled by hole 21NRWP061, which returned several zones of anomalous to low-grade copper mineralisation (Table 2). Hole 21NRWP059 was drilled to infill the previously reported holes 21NRWP019 and 21NRWP0342 and returned 14m at 0.96% Cu from 200m, including 6m at 1.78% Cu from 204m (Figure 3) within a wide zone of anomalous copper mineralisation (Table 2).
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