Cyprium Metals Limited (ASX: CYM) has hit an 18 metre thick intersection at the Hollandaire prospect at the Cue Copper Project in Western Australia.
The significant intersection of extensional mineralisation was encountered in the company’s recently completed Reverse Circulation (RC) drilling campaign at Hollandaire.
The successful drillhole is 116 metres down dip from a previous hole which returned a mineralised interval of 14.0m at 2.03% Cu, 0.22 g/t Au and 6.04 g/t Ag from 254m downhole, that was previously reported by Silver Lake Resources 2012.
Executive Director Barry Cahill said that the new hole is the deepest recorded drillhole intersection of mineralisation at the Hollandaire prospect.
We are pleased to have extended the mineralisation at Hollandaire over 100m down dip from the deepest existing drillhole and look forward to follow up RC drilling from this intersection in the coming month.
“We are very encouraged by the scale of the mineralisation and that one of the drillholes has entered the primary mineralisation, returning three metres at 1.34% copper from a shallow depth of 61 metres.
“A further 1,300 metres of drilling will commence later this week. The results from the downhole geophysical investigations will be evaluated and incorporated into the design of the next phases of drilling to further outline mineralisation at the Eelya South prospect.”
Cyprium completed 3,957 metres of RC drilling at the Hollandaire, Eelya South and Rapier prospects at the Cue Copper Project during November and December 2019.
RC drilling at the Hollandaire prospect has intersected a significant extensional mineralisation of 18.0m @ 1.97% Cu in drillhole 19HORC029 from 295m downhole including:
- 12.0m @ 2.74% Cu with 0.61 g/t Au and 6.75 g/t Ag from 295m;
- 8.0m @ 3.63% Cu with 0.84 g/t Au and 8.94 g/t Ag from 296m; and
- 3.0m @ 6.10% Cu with 2.61 g/t Au and 16.25 g/t Ag from 296m
Pursuant to an agreement between a wholly owned subsidiary of Cyprium and Musgrave Minerals Limited (ASX: MGV), an option has been granted by Musgrave Minerals Limited to earn-in and joint venture for an 80% interest in the non-gold rights over the tenements at the Cue Copper Project.