Executive Director
We are very encouraged by the scale of the mineralisation and that one of the drillholes has entered the primary mineralisation, returning three metres at 1.34% copper from a shallow depth of 61 metres. A further 1,300 metres of drilling will commence later this week.
The results from the downhole geophysical investigations will be evaluated and incorporated into the design of the next phases of drilling to further outline mineralisation at the Eelya South prospect."
Cue Copper Project Drilling Results
CYM completed 3,957 metres of RC drilling at the Hollandaire, Eelya South and Rapier prospects at the
HOLLANDAIRE
RC drilling at the Hollandaire prospect has intersected a significant extensional mineralisation of 18.0m @ 1.97% Cu in drillhole 19HORC029 from 295m downhole including:
- 12.0m @ 2.74% Cu with 0.61 g/t Au and 6.75 g/t Ag from 295m
- 8.0m @ 3.63% Cu with 0.84 g/t Au and 8.94 g/t Ag from 296m
- 3.0m @ 6.10% Cu with 2.61 g/t Au and 16.25 g/t Ag from 296m
The assay results from Hollandaire drillholes 19HORC030 to 19HORC038 are pending and will be released as separate announcement when received and will be taken into consideration for the next phase of extensional drilling at Hollandaire. This drilling is expected to commence later in
EELYA SOUTH
The RC drilling programme completed in November and
- 19ESRC001: 1.0m @ 1.36% Cu with 0.04 g/t Au and 1.00 g/t Ag from 47m
- 19ESRC007: 1.0M @ 1.32% Cu with 0.18 g/t Au and 29.50 g/t Ag from 46m
Full results of the programme are detailed in Table 2*.
An RC drillhole of the phase 3 programme was completed to target a deeper section of the structure and has intersected sulphide material below the depletion zone, which included 11.0m @ 0.64% Cu, 0.13 g/t Au and 6.64 g/t Ag from 58m downhole including:
- 3.0m @ 1.34% Cu, 0.40 g/t Au and 19.83 g/t Ag from 61m.
The initial assay results received to date have been very encouraging and the remainder of the planned three phase RC drilling programme of 2,430 metres at Eelya South will be completed by the end of
RC drillhole 19ESRC013 was used for downhole geophysical investigations that was conducted on
RAPIER
The drilling intersections from RC drilling at the Rapier prospect are detailed in Table 3*.
Composited intervals recorded values greater than 0.1% Cu and are scheduled for re-sampling and assaying by the metre to determine the extent of the mineralisation.
RC drillholes 19RWRC001, 19RWRC006 and 19RSRC007 were cased and downhole geophysical investigations were completed on 12 and
Earn-in and Joint Venture
Pursuant to an agreement between a wholly owned subsidiary of
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