RC drilling program to re commence shortly to test targets immediately below the existing Pilot minePhase 4 of Altan's 2021 program will be for approx. 1500 metres and expected to be completed mid-December with assay results to followSite work for the drill site and clearing of the access roads for arrival of the rigs have been completedPhase 5 of the drilling program is scheduled for January 2022Altan Rio Minerals ...
  • RC drilling program to re commence shortly to test targets immediately below the existing Pilot mine
  • Phase 4 of Altan's 2021 program will be for approx. 1500 metres and expected to be completed mid-December with assay results to follow
  • Site work for the drill site and clearing of the access roads for arrival of the rigs have been completed
  • Phase 5 of the drilling program is scheduled for January 2022

Altan Rio Minerals Limited (TSXV: AMO) ("Altan Rio" or the "Company") is pleased to announce a Reverse Circulation ("RC") drilling program will commence shortly to further expand the gold discovery at the historic Pilot mine in the prolific Southern Cross Greenstone Belt, Western Australia.

This program will target high-grade intercepts located immediately below the shallow open pit gold mine previously operated between 1992-1993. Historical production of 0.56 Mt at 3.03 g/t for 54,554 oz Au has been recorded at Pilot and Altan's high conviction targets hold strong promise to deliver quality results to investors over a short period of time.

The program will evaluate the previously announced high grade results from drill holes PARC010 and PARC005 (refer to TSXV: AMO March 10, 2021).

PARC010 10 metres grading 4.21 g/t from 182m,
including 7m @ 5.69 g/t

PARC005 13 metres grading 4.48 g/t from 160m

4 metres grading 7.51 g/t from 176m,
Including 1m @ 19.14 g/t

8 metres grading 9.65 g/t from 199m,
Including 5m @ 13.93 g/t

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Figure 1 - Cross section of historic and current exploration the Pilot deposit

To view an enhanced version of Figure 1, please visit:

Site work for the drill site and clearing of the access roads for arrival of the rigs have been completed.

Data from the phase one drilling program will be analysed with phase two of the drilling program scheduled for January 2022.

Altan Rio CEO Paul Stephen said:

It is an exciting time for Altan Rio and we are delighted to get underway with this highly anticipated RC drilling campaign to test targets beneath Pilot located in the heart of a world-class mining district. Pilot holds great potential to extend the current resource as well as potential for near-term cashflow to fund significant drilling of the entire shear zone from Southern Cross in the south to Bullfinch to the north. I look forward to updating shareholders on the assay results from this first phase of drilling once they come to hand."

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Figure 2 - Proposed exploration beneath the Pilot pit

To view an enhanced version of Figure 2 , please visit:

The Southern Cross North Project (SCNP) is located in the Southern Cross greenstone belt being part of the Yilgarn Craton, which has a total gold endowment in excess of 12 million ounces.

Altan's recent acquisition has increased the landholding to ~140km2, a 489% increase in tenure along the Frasers Corinthian Shear Zone (FCSZ) a major gold mineralised structure that links the Copperhead, Corinthia, Hopes Hill, Golden Pig, Frasers and Marvel Loch deposits.

On behalf of Altan Rio Minerals Limited

For more information contact:

John Jones
Email: jj@altanrio.com
+61 9322 1788

Paul Stephen
Chief Executive Officer
Email: ps@altanrio.com
+61 9322 1788


David Tasker
Chapter One Advisors
Email: dtasker@chapteroneadvisors.com.au
+61 433 112 936

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104594

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Cyprium Metals Ltd Significant Copper Intersections from Nanadie Well Drilling

Perth, Australia (ABN Newswire) - Cyprium Metals Limited (ASX:CYM) is pleased to report final diamond drillhole results from the Phase 1 diamond drilling programme completed at Nanadie Well earlier this year (refer to Figure 2*).

The Company's 5-hole (1,328m) diamond drilling programme was designed to test for sulphide mineralisation below a depth of 50m associated with a layered mafic intrusive unit outlined in the previous reverse circulation (RC) drilling programmes.

Extensive zones of copper sulphide mineralisation were intersected in all holes from the diamond drilling programme to a drill hole depth of 312m (refer to Figure 1*). The oxide and sulphide mineralisation currently extends over a strike length of 750m and remains open along strike to the north and south and across strike to the west.

The results from the all the drilling completed to date at Nanadie Well will be used in the preparation of a Mineral Resource estimate for inclusion in the Murchison Copper-Gold Project scoping study.

Detailed evaluation of the drill core and multi-element data is ongoing to better understand the geological controls to the primary copper mineralisation. Encouragingly, elevated nickel and palladium values were found associated with several of the significant copper intervals.

Significant assay results from holes NWD2002 and NWD2101 are summarised in Tables 2 to 5* and presented on Figure 1*. Representative photos of the copper sulphide mineralisation in the drill core from both holes are shown in Images 1 to 7*.

Managing Director Barry Cahill commented:

"This is another set of fantastic drill results from this extensive copper deposit emerging at Nanadie Well, which remains open in multiple directions.

We will soon be commencing a mineral resource estimate in advance of metallurgical studies to optimise the extraction of copper and gold from a potential heap leach operation. In the meantime, work is progressing to refine our understanding the geological controls of the primary copper mineralisation, which assists in the planning of the next phase of drilling.

In addition, a preliminary evaluation of the multi-element geochemical data is showing an encouraging association between copper, nickel and palladium."

*To view tables and figures, please visit:

About Cyprium Metals Ltd:

Cyprium Metals Limited (ASX:CYM) is poised to grow to a mid-tier mining business and manage a portfolio of Australian copper projects to deliver vital natural resources, strong shareholder returns and sustainable value for our stakeholders. We pursue this aim, in genuine partnerships with employees, customers, shareholders, local communities and other stakeholders, which is based on integrity, co-operation, transparency and mutual value creation.

Cyprium Metals Ltd

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