Announcement Date: 2022-06-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Cyprium Metals Ltd.
Project name: Maroochydore
Location: Australia
Commodities: Copper,Cobalt
Highlight: Drilling results incl. 61m @ 0.92% Cu, 543ppm Co from 71m
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 remaining assay results from the initial drilling campaign which was completed in 2021 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 monitoring bores (228m) for a total of 6,218 metres as detailed in Figure 2, Images 1 to 5 and Table 1. The initial results from 18 resource extension drillholes and 1 water bore were the subject of the Cyprium announcement titled Maroochydore Cu-Co Project Initial RC Drilling Results released 14 February 2022. Oxide mineralisation at Maroochydore has currently been drilled over a strike length of 3,000m, has a width up to 700m and thicknesses up to 100m, as outlined in Figure 2 and Sections 1 to 3. The 2021 RC drilling programme targeted oxide, supergene and transitional mineralisation at the project, the results of which will inform a mineral resource update for the project in the second half of 2022 to be utilised in a scoping study. Cyprium will release to the market the results of the mineral resource estimate and scoping study as and when they become available.
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