Drilling starts next week to follow-up mineralised massive sulphide intersections

New RC program will test extensions to known plates and new plates identified by the recent geophysics.

Nimy Resources (ASX:NIM) is pleased to advise that a new program of RC drilling will start next week to follow up the massive sulphide mineralisation intersected late last year at the Masson Prospect within the Mons Project. The recent drilling of MLEM plates discovered significant nickel, copper, cobalt and PGE’s within massive sulphide mineralisation (see ASX release dated December 8, 2023).


  • Final modelling of FLEM and DHEM surveys indicate massive sulphide mineralisation is within a large (550m long x 175m wide and open at depth) EM anomaly – indicating potential for the Masson discovery to be a large, massive nickel-copper sulphide deposit.

  • This drilling campaign targets the new conductive plates (FLEM, DHEM) extending north, south and beneath the initial MLEM plates.

  • Holes will be cased to prepare for additional DHEM surveys designed to capture any extension of the high conductance plates along the FLEM trend, which is open north, south and below the current plate modelling.

  • Nimy considers the discovery a potentially new region of sulphide-hosted mineralisation, as nothing of this tenor is known to exist within a 50+ kilometre radius of Masson or Block 3 massive sulphide occurrences.

Figure 1 – Extensive VTEM survey completed Masson Prospect identified as high priority anomaly – The Masson Prospect is within a circular / oval shaped geological feature (8.95km length x 5.97km width) coinciding with the inner contact of the high magnetic rim. Initial drilling shows sulphide mineralisation is within a mafic / gabbroic rock and is thought to be intrusive. Note, Nimy will learn much more about the lithologies and potential ore type once current petrographic studies are completed in another 2-3 weeks
Figure 2 – Follow up MLEM complete enabled modelling of high conductance plates drill campaign designed – position of VTEM anomalies, MLEM survey grid and resultant conductive plates anomalies over colour magnetics.


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This announcement has been approved for release by the Board.

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