Cyprium Metals Eyes Shallow Copper and Gold in First Nanadie Well Holes

THE DRILL SERGEANT: Cyprium Metals (ASX: CYM) released the first results from an exhaustive RC drilling program completed at the company’s Nanadie Well copper-gold project in Western Australia.

Highlights from the results include:

45 metres at 0.9 per cent copper and 0.2 grams per tonne gold from 2m, including 11m at 1.8 per cent copper and 0.4g/t gold from 16m, including 2.0m at 3.5 per cent copper and 1g/t gold from 16m

7m at 1.1 per cent copper and 0.2g/t gold from 29m, including 3m at 2.1 per cent copper and 0.4g/t gold from 31m, and 2m at 2.5 per cent copper and 1g/t gold from 40m.

Previous work by the company has shown near-surface supergene mineralisation at the Nanadie Well Copper-gold project that is open along strike to the north and south, as well as to the west.

Cyprium’s recent 3,500m Nanadie Well Phase 1 RC drilling program was undertaken to test the oxide and supergene mineralisation at the deposit.

The company intends to use results from the Phase 1 and subsequent drill programs 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 first results from the January 2021 Nanadie Well supergene RC drilling campaign,” Cyprium Metals executive director Barry Cahill said in the company’s ASX announcement.

“These fantastic results from the first four holes of the program provide strong support to our understanding and demonstrate the potential of the supergene horizon at Nanadie Well.

“We anticipate continued positive news flow over the coming weeks as the results for the remaining 62 holes are received.”