Chasing Copper And Gold In Murchison Projects
Cyprium Metals Limited (ASX:CYM) has commenced geophysical programmes in the Murchison Copper-Gold Projects, consisting of the Cue Copper-Gold project and the Nanadie Well Copper-Gold projects in Western Australia.
Geophysical programmes have been undertaken to assist in the definition of further copper mineralisation at Cyprium’s Murchison project areas.
Executive Director Barry Cahill said promising anomalies will be drill tested in 2021, pending regulatory approvals and drill rig availability.
“We are very pleased to have rapidly procured and mobilised the services of the various teams and drilling contractors to commence our programme of works following the recent oversubscribed capital placement and Share Purchase Plan,” Mr Cahill said.
“Cyprium is about to embark on an exciting stage of its progress, targeting in on extending the mineralisation inventory at Cue through the use of geophysics and drilling out the mineralisation at Nanadie Well, to upgrade to a JORC 2012 complaint mineral resource while expanding the resource base and examining the along strike and depth potential of the system.
“The work will provide valuable information to be included in the accelerated programmes, commencing in the new year, to follow up on the results from the geophysical programmes and to analyse the core produced from diamond drilling, whilst commencing the drilling of the Nanadie Well supergene zone.”
Cyprium geological staff and specialist consultants have been analysing data and the results of the drilling undertaken in late 2019 and early 2020, as well as taking into consideration the characteristics of the mineralisation in the Hollandaire resource, to determine the optimal methods to target further mineralisation in the system.
Whilst Cyprium’s previous drilling, geological and metallurgical programmes have provided a very good understanding of the mineralogy of the system, the copper sulphide mineral chalcocite does not respond to geophysics as strongly as other minerals, particularly pyrite and chalcopyrite.
Airborne magnetics will be flown at Nanadie Well during the remainder of November 2020. The areas surveyed historically were wide spaced and have coarse lithology and structure resolution. It is expected that interpretation of the data will assist in identifying drill targets which will be designed and scheduled to commence in 2021, following the phase 1 diamond drill programme that will commence in December 2020 and the RC drilling programme that will commence in January 2021
