Cyprium Metals (ASX: CYM) has made a shallow high-grade discovery near Cue at the Heeler Prospect approximately 10km southwest of the company’s Hollandaire copper-gold deposit in WA.
included drill intercept of 15m at 3.26% Cu, 0.70g/t Au, 7.4g/t Ag, 151ppm Co from 70 metres downhole in 24CURC004, including: 7m at 5.04% Cu, 0.81g/t Au, 11.4g/t Ag, 197ppm Co, 0.11% Ni from 71m.
Second intercept in 24CURC004 of 3m at 1.09% Cu, 0.44g/t Au from 108m – including: 1m at 2.54% Cu, 1.19g/t Au from 109m.
Mineralisation is open to depth and along strike in both directions within a lightly tested copper soil anomaly extending for 2.5 kilometres along strike.
“While the company remains focused on delivering a robust plan for Nifty, we continue to maintain our outstanding portfolio of exploration assets,” said Executive Chairman Matt Fifield.
“This new Heeler discovery is a great reminder of the prospective value within the Company’s earlier-stage assets in the Paterson and Murchison provinces. Our exploration team targeted our limited drilling budget in the Murchison around the most prospective areas and hit outstanding grade that shows potential for an economic orebody.”
The Heeler Prospect is in the Murchison Province on tenements within the company’s Cue joint venture with Ramelius Resources (ASX: RMS). This joint venture is operated by Cyprium, with 80% of the rights to base metals owned by Cyprium and 20% by Ramelius.
“With Heeler, Cyprium continues to build on its copper-gold resource inventory in the Murchison,” said COO Milan Jerkovic.
“We have 203,000 tonnes of copper resource and 153,0000 ounces of gold (100% basis) at the nearby Hollandaire and Nanadie Well deposits and follow up work around Heeler may well bring additional grade and scale into our portfolio. There are assays from this programme outstanding, but we’re pleased to have hit shallow high- grade mineralisation.”