Cyprium Metals Limited (ASX:CYM) RC drilling at the Cue Project in Western Australia has returned anomalous results at five of the seven targets tested.
The April/May 2022 Reverse Circulation (RC) drilling campaign was completed
on seven Cue exploration licences for a total of 3,441 metres.
Significant results include:
• 44m @ 1,167 ppm Cu & 3,525 ppm Zn from 0m in 22CURC004
• 4m @ 6,850 ppm Zn from 24m in 22CURC005
• 4m @ 5,385 ppm Zn from 68m in 22CURC005
• 12m @ 1,380 ppm Ni & 139 ppm Co from 80m in 22CURC013
• 8m @ 1,435 ppm Ni from 68m in 22CURC014
• 16m @ 1,160 ppm Ni & 102 ppm Co from 52m in 22CURC015
• 12m @ 1,937 ppm Cu & 0.12 g/t Au from 72m in 22CURC022
• 8m @ 2,315 ppm Cu & 0.11 g/t Au from 56m in 22CURC024
“Cyprium continues to work through the back log of information on its development projects while it focusses on the finance process for the restart of the Nifty Copper Project. The Cue results are another part of building the business that we have,” Managing Director Barry Cahill said.
“Our ambition to be a mid-sized copper producer depends on identifying and developing projects for Cyprium’s future production projects and these results clearly indicate the potential of Cue to meet our development criteria.
“Cyprium’s portfolio is once again demonstrating its quality. Nifty in finance, approved ready to go, Murchison’s and Maroochydore’s potential both growing steadily in a bullish copper environment.”
The Cue tenements cover 180 square kilometres of volcano-sedimentary and intrusive rocks prospective for syngenetic-structural base metal deposits comprised of disseminated, stringer, semi-massive and massive sulphides – dominantly pyrite/pyrrhotite with associated chalcopyrite/chalcocite and minor bornite/sphalerite.
Weathering of primary sulphides has resulted in oxide mineralisation at Hollandaire with development of oxide and supergene material noted but not fully defined at the Eelya South and Mount Eelya deposits.
Historic exploration in the area has predominately focussed on gold. The Hollandaire copper/gold deposit (Indicated and Inferred Resources of 2.78Mt @ 1.90% Cu & 0.32g/t Au) was discovered in 2011 and led to an exploration focus on base metal systems. Substantial datasets have been generated by previous owners of the tenements; Cyprium geologists are continuing to review and evaluate the historic and Cyprium generated data to identify potential base metal targets in the Cue Copper Project.
At Mt Eelya, eight drillholes for 1,200m tested targets proximal to mineralisation intersected in historic drilling, airborne EM geophysical survey anomalies and outcropping gossans. Four drillholes returned elevated Cu or Zn values with associated anomalous Au in 22CURC004.
For further information please visit: https://cypriummetals.com/
