Cyprium Metals Limited (ASX:CYM) extended near-surface oxide copper-cobalt mineralisation to 3,000m long, up to 500m wide and up to 100m thick after obtaining the remaining assay results from the initial drilling campaign which was completed in 2021 at the Maroochydore copper-cobalt project in Western Australia.
The 50 RC drillhole programme included 46 resource definition and extension holes (5,990m) and four water monitoring bores (228m) for a total of 6,218 metres. The company announced the initial results from 18 resource extension drillholes and one water bore in February 2022.
Oxide mineralisation at Maroochydore has currently been drilled over a strike length of 3,000m, has a width up to 700m and thicknesses up to 100m.
The 2021 RC drilling programme targeted oxide, supergene and transitional mineralisation at the project, the results of which will inform a mineral resource update for the project in the second half of 2022 to be utilised in a scoping study.
Significant Copper results include:
• 38m @ 1.04 % Cu & 508 ppm Co from 82m in 21MDRC027 including: 20m @ 1.60 % Cu & 794 ppm Co from 86m
• 61m @ 0.92% Cu & 543 ppm Co from 71m in 21MDRC030 including: 5m @ 1.39 % Cu & 795 ppm Co from 73m, 4m @ 1.92 % Cu & 794 ppm Co from 90m and 13m @ 1.77 % Cu & 818 ppm Co from 96m
• 61m @ 0.35 % Cu & 203 ppm Co from 56m in 21MDRC033 including: 2m @ 0.45 % Cu and 146 ppm Co from 62m and 5m @ 0.46 % Cu and 244 ppm Co from 69m, and 4m @ 1.27 % Cu and 212 ppm Co from 88m, and 6m @ 0.46 % Cu & 342 ppm Co from 102m
Significant Cobalt results include:
• 22m @ 0.19 % Cu & 529 ppm Co from 25m in 21MDRC022 including: 4m @ 0.16 % Cu and 1,659 ppm Co from 42m
• 35m @ 0.31 % Cu and 743 ppm Co from 39m in 21MDRC024 including: 7m @ 0.48 % Cu and 1,775 ppm Co from 48m and 6m @ 0.54 % Cu and 1,186 ppm Co from 60m.
“Repeated significant intersections demonstrate the robustness and size of this deposit at Maroochydore,” Managing Director, Barry Cahill, said.
“Our initial drilling programme at Maroochydore targeted the oxide zones of the deposit and has returned better than expected results. We look forward to further developing the oxide and sulphide resource base of this large greenfield project in the next phase of drilling.”
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