Cyprium Metals Limited’s (ASX:CYM) RC drilling at the Nanadie Well Project (NWP) in Western Australia has identified broad anomalous zones copper–nickel-PGE mineralisation 1.6 kilometres north of the Nanadie Well resource.
Drilling assay results include:
• 4m @ 746 ppm Cu & 0.11 ppm Pd from 100m in 22NWRC002
• 16m @ 2,325 ppm Cu & 0.06 ppm Au from 88m in 22NWRC003A, including:
o 4m@6,250ppmCu&0.15ppmAufrom92m
• 68m @ 2,305 ppm Cu, 0.09 ppm Pd & 0.05 ppm Pt from 36m in 22SKRC001
• 56m @ 3,337 ppm Cu, 0.14 ppm Pd & 0.06 ppm Pt from 116m in 22SKRC001
including:
o 24m @ 5,002 Cu, 1,294 ppm Ni, 0.23 ppm Pd & 0.11 ppm Pt from 140m
• 4m@4,720ppmCu,1,330ppmNi,0.28ppmPd&0.11ppmPtfrom68min 22SKRC002
• 12m @ 3,620 ppm Cu, 0.09 ppm Pd & 0.06 ppm Pt from 116m in 22SKRC002
The six RC drillhole programme tested a variety of exploration targets in the NWP for a total of 918 metres.
The Stark basal contact target consists of magmatic Cu-Ni-PGE mineralisation associated with the Barrambie Igneous Complex (BIC), a layered mafic-ultramafic intrusive complex that extends for 75 kilometres along a major NNW-SSE striking crustal boundary – the Youanmi Shear Zone.
Mineralisation observed by previous operators and Cyprium consists of disseminated, stringer, matrix, semi-massive and massive sulphides – primarily chalcopyrite with lesser pyrrhotite, pyrite and pentlandite – located at or near the base of some intrusions within the complex.
“We are seeing the opening up of potential of the mineralisation system at Nanadie Well.
We have not prioritised this work as we are focussed on Nifty Restart and have conducted a full field season of drilling at the Maroochydore deposit in 2021,” Managing Director Barry Cahill said.
“Now after 24 months of surface mapping, geophysical surveys, drilling, assaying, interpreting data and generating Cyprium’s maiden mineral resource at Nanadie Well, we are seeing the results which are demonstrating the size and multi-metal nature of this extensive magmatic system.
“We will split the composite samples over these intervals and await the assay results. Afterwhich we will then determine the next steps and design follow up geophysical and drilling programmes for this exciting project.
“Cyprium is well advanced with the Nifty finance process and the operation itself is at the start line, ready to be refurbished and restarted once the financing is finalised. We are continuing to work on the exciting development projects at the Maroochydore copper cobalt deposit and the Nanadie Well copper nickel gold silver PGE project, both of which demonstrate great potential for extensions and further discoveries in close proximity to our identified resources.”
For further information please visit: https://cypriummetals.com/
