Exploring New Horizons: Cyprus Metals Ltd’s Exciting Assay Results
Cyprus Metals Limited (ASX:CYM) has recently unveiled the exciting assay results from the Nifty East infill extensional drilling, marking a pivotal moment in their exploration journey. The program, consisting of 21 RC holes spanning 5,725m, aimed to target areas identified in the previous program showcasing promising widths of oxide/transitional mineralization and sulphide mineralization beneath the former Nifty open pit.
Key Highlights:
- The completion of the Nifty East Extensional Infill drilling program, focusing on oxide/transitional and sulphide mineralization
- Potential to delineate additional shallow mineralization for the heap leach restart and expand the current +0.9 Mt contained copper Mineral Resource
- Encouraging widths of copper mineralization intercepted in the drilling
Barry Cahill, the Executive Director, expressed optimism about the results, stating, "The initial phase of drilling at Nifty East has solidified our understanding of copper mineralization extending from the current Nifty open pit, showing tremendous potential to expand the resource further east."
Discussion of Results:
Section 102,800E:
- Hole 21NRSP021 confirmed oxide mineralization from previous intercepts, alongside extending sulphide mineralization at depth.
- Significant copper mineralization widths were observed, indicating a promising resource extension.
Section 102,840E:
- Hole 21NRSP030 confirmed oxide mineralization near the surface and deeper sulphide extensions.
- The drilling revealed previously unidentified mineralization, enhancing the project’s potential.
Section 102,880E:
- Infill transitional and sulphide mineralization was unveiled, outlining a promising resource expansion.
- The interception of significant mineralization points towards a robust resource model update.
Further Exploration Insights:
The comprehensive drilling efforts unveiled further extensions of oxide mineralization to the east of the Nifty pit, highlighting proximity to the northern limb of the Nifty Syncline. The southern extension confirmed an extension of the sub-parallel zone of supergene copper mineralization, as identified in the prior drilling phase by Cyprus Metals in 2021.
Section 102,960E:
The exploration revealed oxide and transitional mineralization, alongside new extensions of sulphide mineralization eastward and at depth. These findings underscore the project’s significant mineral potential, offering a glimpse into the project’s promising future.
In conclusion, Cyprus Metals Ltd’s assay results signify a pivotal moment in their exploration journey, showcasing a promising future for the company’s copper projects. The discoveries made through the recent drilling program set the stage for further exploration and resource expansion, cementing the company’s position in the mining sector. Exciting times lie ahead for Cyprus Metals Ltd as they continue to unravel the untapped potential of their projects.
