Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cyprium Metals has received its highest ever intersection at the Cue Copper Project in Western Australia
  • Copper grades of more than 21 per cent were intersected
  • The diamond drilling program consisted of three holes to provide samples for future test work
  • Shares are up 5.41 per cent and trading for 19.5 cents apiece

Cyprium Metals has received results from the metallurgical diamond drilling program at the Cue Project in Western Australia.

The program consisted of three holes drilled at the Hollandaire and Hollandaire West prospects, to provide samples for metallurgical test work.

The first hole was drilled at Hollandaire West and returned dispersed copper sulphide mineralisation that mainly contains chalcocite.

Holes two and three, both from Hollandaire, targeted representative sections of mineralisation and returned massive sulphide mineralisation.

The intersection from hole three is the highest-grade intersection encountered in the mineralised zone to date.

This result is 10.4 metres at 14.9 per cent copper from 84.5 metres downhole including 4.5 metres at 21.9 per cent copper with 1.2g/t gold and 46.4g/t silver from 90.4 metres.

Cyprium’s Executive Director Barry Cahill is pleased with the results from the initial phase 1 reverse circulation drilling and the metallurgical diamond drill holes.

“We are extremely pleased with the stunning high-grade drill results from our metallurgical drill program at Hollandaire,” he said.

“The intercepts are all less than 100 metres vertical depth which is a reminder of the quality of the mineralised envelope at this project. We now await further assay results at Hollandaire West along with results from metallurgical test work,” he added.

Cyprium is now undertaking a regional infill soil sampling program to refine and prioritise a number of drill targets that will be followed up in the next round of drilling.

Sampling will be finished this month and there are surface indications at the Rapier West prospect of dominant malachite and minor azurite (copper oxide minerals).

These occurrences of copper oxide have historically been reliable indicators of subsurface copper mineralisation in the area.

The drill core from this recently completed three hole program is currently being prepared for metallurgical test work on alternative techniques for extraction of copper.

Further reverse circulation samples will be collected and dispatched to the metallurgical laboratory for diagnostic test work. These results will be available in the coming months.

Cyprium shares are up 5.41 per cent and trading for 19.5 cents apiece at 2:53 pm AEDT.

CYM by the numbers
More From The Market Herald

" Clean TeQ (ASX:CNQ) secures option to acquire rapid dewatering technology

Clean TeQ Water (ASX:CNQ) has secured the option to acquire rapid dewatering technology to solve mining…
The Market Herald Video

" Clean TeQ Water (ASX:CNQ) posts 60pc cash receipts increase in Q4 2022

Clean TeQ Water (ASX:CNQ) has posted $2.5 million in cash receipts for the June quarter, up…
The Market Herald Video

" AML3D (ASX:AL3) awarded world’s first additive manufacturing facility accreditation

AML3D (ASX:AL3) has been awarded the world's first additive manufacturing facility accreditation for its WAM technology…

" TEK-Ocean Group (ASX:T3K) appoints new head of finance

TEK-Ocean Group (ASX:T3K) has appointed a new head of finance, while a Non-Executive Director steps down.