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  • Cyprium Metals (CYM) receives the final results from the initial drilling program at the Maroochydore copper-cobalt project in Western Australia
  • A total of 50 reverse circulation holes were drilled to target oxide, supergene and transitional mineralisation ahead of a mineral resource update and scoping study
  • Results for the first 18 holes were received in mid-February which saw up to 2.95 per cent copper and 775 ppm cobalt intersected while new results include 1.92 per cent copper and 1775 ppm cobalt
  • The mineralisation at Maroochydore now covers a length of 3000 metres, a width of up to 500 metres and a thickness of up to 100 metres
  • Shares in Cyprium are up 5.88 per cent and are trading at 18 cents at 10:37 am AEST

Cyprium Metals (CYM) has received the final results from an initial drilling program at the Maroochydore copper-cobalt project in Western Australia.

A total of 50 reverse circulation (RC) holes, for 6218 metres, were drilled, consisting of 46 resource definition and extension holes and four water monitoring holes.

This drilling program targeted oxide, supergene and transitional mineralisation with the results to be used for a mineral resource update in the second half of the year and then in a scoping study.

Results for the first 18 resource extension holes and one water hole were received in mid-February which saw up to 2.95 per cent copper and 775 parts per million (ppm) cobalt intersected.

New results include four metres at 1.92 per cent copper and 794 ppm cobalt from 90 metres and seven metres at 0.48 per cent copper and 1775 ppm cobalt from 48 metres.

The mineralisation at Maroochydore now extends a length of 3000 metres, a width of up to 500 metres and a thickness of up to 100 metres.

“Repeated significant intersections demonstrate the robustness and size of this deposit at Maroochydore. Our initial drilling programme at Maroochydore targeted the oxide zones of the deposit and has returned better than expected results,” Managing Director Barry Cahill said.

“We look forward to further developing the oxide and sulphide resource base of this large greenfield project in the next phase of drilling.”

Shares in Cyprium were up 5.88 per cent and were trading at 18 cents at 10:37 am AEST.

CYM by the numbers
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