EXTENDED potential mineralisation has been identified at Cyprium Metals’ Hollandaire prospect, with follow-up drilling planned for March 2020.
The results were outside the current mineralisation, promising a greater yield for the Cue copper project located north east of Perth, near the Murchison Project.
The RC drilling which was completed in February has identified further mineralisation at depth on the western margins of both the east and west structures, with results being returned outside of the currently identified mineralisation.
Five intersections from 156m to 283m returned positive findings.
The results identified solid concentrates of up to 7.50 g/t from 161m and 1.79pc copper from 116m.
Musgrave Minerals is pursuing an option for a joint venture and earn-in with Cyprium that will give it an 80pc interest in all non-gold rights over the tenemants at Cue Copper.
The Hollandaire deposit represents a significant occurrence of copper mineralisation with minor associated gold and silver, forming a moderately dipping zone of massive sulphide 10-15m thick which plunges to the south west.
Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects.