The samples were from a regional field mapping and surface sampling campaign at the Cue project’s Rapier West and Mt Eelya prospects.
This campaign was carried out to prioritise targets for the next phases of drilling as part of CYM a strategy to increase the copper resource base.
Samples were taken of mineralised quartz/iron gossans at the Rapier West and mineralised and unmineralised quartz/iron gossans at Mt Eelya.
The highlights include:
- 12.3% copper in Rapier West north costean surface sample;
- 13% copper in Mt Eelya Gossan 1 surface sample;
- 10.6% copper in Mt Eelya Gossan 3 surface sample; and
- 10.2% copper in Mt Eelya Gossan 8 surface sample.
Drilling is planned in the second half of 2020.
Cyprium Metals executive director Barry Cahill said “We are pleased to report these high-grade copper samples as part of our regional review programs to increase the copper resource base at the Cue Copper Project.
“We look forward to updating the market with assay results as they become available as we continue to progress the Cue Copper Project.”
As part of an agreement between a subsidiary of Cyprium and Musgrave, an option has been granted by Musgrave for CYM to earn-in and joint venture for an 80% interest in the non-gold rights over the Cue project tenements.
The earn-in expenditure requirement was met during the March 2020 quarter, which was required for the transfer of the interests and formation of the joint venture.