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- Cyprium Metals (CYM) has updated the market on recent survey work at its projects within WA’s Murchison district
- Geological surveys conducted at the Nanadie Well Copper-Gold Project have shown “outstanding potential” for extensions to copper mineralisation
- Cyprium will compile the data to develop a 3D model, which will help target more copper and gold mineralisation at Nanadie Well
- Additionally, gravity work within the Cue Copper-Gold Project has shown signs of gravity anomalies, which the company intends to further investigate
- Company shares are down 3.51 per cent and are trading at 27.5 cents
Cyprium Metals (CYM) has completed an aeromagnetic and radiometric survey at Nanadie Well Copper-Gold Project in the Murchison district of WA.
The company’s geology team has analysed aeromagnetic and radiometric data collected by Thompson Aviation at the end of last year.
The analysis showed an association between intrusive units hosting mineralisation at the Nanadie Well and Stark prospects that extend for eight kilometres and the 13-kilometre section of the adjacent Barrambie greenstone belt.
“The geophysics surveys we have undertaken have utilised the latest technologies and are showing outstanding potential for further targets and indicators to extend the copper mineralisation,” Executive Director Barry Cahill said.
“We are continually encouraged with potential for further mineralisation at our Murchison copper-gold projects,” he added.
Cyprium will now compile data from the survey along with geological mapping, drilling, geophysical and geochemical data to develop a 3D model.
The models will help to target more copper and gold mineralisation at Nanadie Well over the course of the year.
Additionally, a detailed gravity survey was completed at the Eelya South prospect which is part of the Cue Copper-Gold Project. The survey wrapped up at the end of last year and aimed to detect signs of mineralised systems.
The company intends to investigate and test the gravity anomalies with follow-up drilling, if warranted by the results.
Company shares are down 3.51 per cent and are trading at 27.5 cents at 12:21 pm AEDT.
