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Cyprium Metals Ltd.
Summary
| Project: | Cue | |
|---|---|---|
| Deposit: | Hollandaire | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 1/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Cyprium Metals Ltd. announces an Exploration/Drilling Update report for its Hollandaire deposit at the Cue project. Drilling results incl. 18m @ 1.97% Cu, 0.43ppm Au, 7.64ppm Ag from 295m. Cyprium Metals Limited (“CYM” or “the Company”) is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter van Luyt (Internal) | |
| ABSTRACT: | Cyprium Metals Limited (“CYM” or “the Company”) is pleased to advise that Reverse Circulation (“RC”) drilling completed in December 2019 at the Hollandaire prospect has intersected a significant extensional mineralisation that is 18.0 metres thick in drillhole 19HORC029 (refer to image 1). This drillhole is 116 metres down dip from drillhole 12HODD034 which returned a mineralised interval of 14.0m at 2.03% Cu, 0.22 g/t Au and 6.04 g/t Ag from 254m downhole, as previously reported by Silver Lake Resources (SLR) in 2012. Drillhole 12HODD034 was previously deepest recorded drillhole intersection of mineralisation at the Hollandaire prospect. Executive Director Barry Cahill commented “We are pleased to have extended the mineralisation at Hollandaire over 100m down dip from the deepest existing drillhole and look forward to follow up RC drilling from this intersection in the coming month. We are very encouraged by the scale of the mineralisation and that one of the drillholes has entered the primary mineralisation, returning three metres at 1.34% copper from a shallow depth of 61 metres. A further 1,300 metres of drilling will commence later this week. The results from the downhole geophysical investigations will be evaluated and incorporated into the design of the next phases of drilling to further outline mineralisation at the Eelya South prospect.” | |
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