Cyprium Metals has identified through reverse circulation drilling broad anomalous zones of copper-nickel-PGE mineralisation 1.6 kilometres north of its Nanadie Well resource in Western Australia.
The RC program was conducted in April/May 2022 and also drilled on the ten-kilometre-long layered magnetic/greenstone-metasediment basal contact, identifying further copper-nickel-PGE mineralisation.
Drilling has also successfully tested the Nanadie mineralisation a further 1.6 kilometres along strike to the north.
Assay results included:
- 4m @ 746 ppm Cu & 0.11 ppm Pd from 100m;
- 16m @ 2,325 ppm Cu & 0.06 ppm Au from 88m, including 4m @ 6,250 ppm Cu & 0.15 ppm Au from 92m;
- 68m @ 2,305 ppm Cu, 0.09 ppm Pd & 0.05 ppm Pt from 36m;
- 56m @ 3,337 ppm Cu, 0.14 ppm Pd & 0.06 ppm Pt from 116m including 24m @ 5,002 Cu, 1,294 ppm Ni, 0.23 ppm Pd & 0.11 ppm Pt from 140m;
- 4m @ 4,720 ppm Cu, 1,330 ppm Ni, 0.28 ppm Pd & 0.11 ppm Pt from 68m; and
- 12m @ 3,620 ppm Cu, 0.09 ppm Pd & 0.06 ppm Pt from 116m in 22SKRC002.
Cyprium managing director Barry Cahill said the company was seeing the opening up of potential of Nanadie Well’s mineralisation system.
Cahill continued: “We have not prioritised this work as we are focused on Nifty Restart and have conducted a full field season of drilling at the Maroochydore deposit in 2021.
“Now after 24 months of surface mapping, geophysical surveys, drilling, assaying, interpreting data and generating Cyprium’s maiden mineral resource at Nanadie Well, we are seeing the results which are demonstrating the size and multi-metal nature of this extensive magmatic system.
“We will split the composite samples over these intervals and await the assay results.
“After which we will then determine the next steps and design follow up geophysical and drilling programs for this exciting project.
“Cyprium is well advanced with the Nifty finance process and the operation itself is at the start line, ready to be refurbished and restarted once the financing is finalised.
“We are continuing to work on the exciting development projects at the Maroochydore copper cobalt deposit and the Nanadie Well copper nickel gold silver PGE project, both of which demonstrate great potential for extensions and further discoveries in close proximity to our identified resources.”
