Sydney, Feb. 28, 2022 /Medianet/ —
HIGHLIGHTS:
- Assay results have been received from an additional 16 RC holes drilled at Nifty West, targeting lightly tested copper mineralisation below the Nifty open pit.
- Continuation of ~70m to ~115m thick zones of significant copper mineralisation intersected in the keel zone of the Nifty Syncline, up-plunge of the former underground mine.
- Significant results include:
- Hole 21NRWP047 – copper mineralisation extends over 69m downhole, including:
- 57m at 1.01% Cu from 224m, including:
- 5m at 1.38% Cu from 225m
- 3m at 1.61% Cu from 232m
- 2m at 1.95% Cu from 244m
- 2m at 1.86% Cu from 267m
- 8m at 2.65% Cu from 270m, including:
- 2m @ 6.29% Cu from 274m
- 57m at 1.01% Cu from 224m, including:
- Hole 21NRWP047 – copper mineralisation extends over 69m downhole, including:
Managing Director Barry Cahill commented:
“We are pleased to announce further results from drilling to the southwest of the Nifty mineralisation. These assay results continue to confirm the presence of a substantial zone of copper mineralisation, which is up-plunge of the former underground mine. There are significant widths of mineralisation beneath the existing open pit. We believe this will provide additional tonnes of copper material that can be mined from a future large-scale open pit development at Nifty. We are also looking forward to providing further updates on the lodging of government approvals and the results of the Nifty Copper Project Restart Studies in the coming weeks.”
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).
-ENDS-
For further info:
Lexi O’Halloran