CYU signs diamond rig to drill north ofErnest Henry in two weeks...

CYU signs diamond rig to drill north of
Ernest Henry in two weeks time



CYU, China Yunnan Copper Australia Limited (ASX:CYU) has contracted a diamond
drill rig to commence drilling in EPM 15095 on the exciting FC4 target by early December.
Reprocessing of existing geophysical induced polarization data on the FC4 Prospect 6 km north of Xstrata’s Ernest Henry mining leases has identified a possible
sulphide body at depth. The reprocessing used new 3D inversion software of previously collected 2D data.
The dimensions of the copper-gold style FC4 prospect is approximately 400 m by 500 m. This type of mineralisation is commonly hosted by magnetic iron rich rocks. The
untested body is expected to be intersected from a vertical depth of 100m although copper bodies may be intersected from 30m after drilling through the cover sediments.
Previously collected IP data has been re-examined and modelled by Geophysical Resources and Services Pty Ltd looking particularly at the chargeability. The modelled
data clearly shows a complex chargeability anomaly in the area with the anomalous copper-cobalt geochemistry. In addition the model shows that the southern lobe of the
anomaly appears not to have been drill tested. As a result two diamond holes are proposed to test the anomaly on two north-south sections 225m apart (Figures 1 and 2).
In addition to this, copper targets in EPM 12205 will be investigated at the One Tree Hill prospect 40 km north of Cloncurry. Targets will be drilled by reverse circulation
(RC) in a program commencing before the end of the year.