Final Gold Results from Recent Nanadie Well RC Drilling
Refer to ASX announcement released 21 April 2021 "Extensive Shallow Copper-Gold Drilling Results at Nanadie Well" for the initial copper assay results.
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 1 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 2,773 metre Nanadie Well Phase 1 RC drilling programme was completed in January 2021 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.
Gold results for the final 11 RC drill holes of the January 2021 oxide/supergene drilling programme are presented in Tables 1 and 2*.
Managing Director Barry Cahill commented:
"We are pleased to announce the final gold results from the January 2021 Nanadie Well oxidesupergene RC drilling campaign. These are excellent copper-gold assay results from the initial RC drilling programme.
The extensive supergene horizon is broad, continuous and very shallow, enhancing the value of what is already attractive copper-gold project. With this demonstrated success, we are looking forward to the diamond drilling assay results into the sulphide mineralised zone."
*To view tables and figures, please visit:
About Cyprium Metals Ltd
Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.
Cyprium Metals Ltd