Cyprium Metals Limited (ASX:CYM) has intersected extensive shallow copper and gold mineralisation at the Nanadie Well Copper-Gold Project in Western Australia.
The company has now received new positive assay results for a further 38 holes of the 66 hole Phase 1 Reverse Circulation (RC) drilling programme that was conducted Nanadie Well in January 2021.
Executive Director, Barry Cahill, said near-surface oxide and supergene mineralisation has been identified at the Nanadie Well Copper-Gold Project, which is open along strike to the north and south and across strike to the west. The oxide/supergene mineralisation does not outcrop and is covered by one to 25 metres of transported material. Preliminary investigations of the Nanadie Well deposit data indicates potential for oxide/ supergene mineralisation over the currently identified strike of 750 metres.
The company’s 3,500 metre Nanadie Well Phase 1 RC drilling programme has now been completed and tested the oxide and supergene mineralisation at the deposit. The results from the Phase 1 and subsequent drill programmes will be used in the preparation of a JORC 2012 compliant mineral resource estimate for Nanadie Well during 2021 for inclusion in the Murchison Copper-Gold scoping study.
We are pleased to announce the next set of assay results from the January 2021 Nanadie Well supergene RC drilling campaign. As anticipated, the results are continuing to show an extensive shallow and broad oxide copper-gold mineralisation,” Mr Cahill said.
“We are really excited and encouraged from what we are seeing in these assay results from the supergene horizon at Nanadie Well.
“It gives us increasing confidence in the potential of the sulphide mineralisation. We are looking forward to the results of the assays of the diamond drill core and results of the downhole geophysics in that part of the mineralised zone.
“We anticipate continued positive news flow over the coming weeks as the results for the remaining RC drill holes are received.”
Highlights from the new assay results include:
- 48m @ 0.5% Cu & 0.1g/t Au from 12m, including: 20m @ 1.0% Cu & 0.2g/t Au from 40m including: 2m @ 3.8% Cu & 0.2 g/t Au from 20m − 2m @ 2.1% Cu & 0.3 g/t Auf rom 46m − 1m @ 1.3% Cu & 0.7 g/t Au from 58m
- 40m @ 0.8% Cu & 0.3g/t Au from 12m, including: 9m @ 1.6% Cu & 0.5 g/t Auf rom 20m
- 27m @ 0.8% Cu & 0.2g/t Au from 3mincluding: 7m @ 1.6% Cu & 0.6g/t Au from 23m including: 4m @ 2.4% Cu & 1.0 g/t Au from 25m
- 43m @ 0.3% Cu & 0.1g/t Au from 3m including: 10m @ 0.7% Cu & 0.3g/t Au from 39m including: − 1m @ 1.3% Cu & 0.5 g/t Au from 43m − 1m @ 1.1% Cu & 0.3 g/t Au from 45m