Drilling Starts Today Testing Lithium and Nickel Targets

16-hole program will focus on ‘Goldilocks’ lithium zone to follow-up previous lithium intersections and test nickel targets identified by extensive geophysics

NIMY Resources (ASX:NIM) is pleased to advise that a 16-hole RC drilling campaign is set to start this week at its Mons Project in WA.

The drilling will comprise six holes to test the highly prospective lithium target area identified by previous drilling and geophysics. This drilling intersected anomalous lithium over significant widths and the assays also contained several other key lithium indicator minerals which suggest NIMY is in a fertile LCT pegmatite complex.

These results were combined with those of a hyperspectral survey which outlined a highly promising anomaly just 1.3km from the area which was drilled. This anomaly, which sits in the greenstone belt, is 3km from the contact point of the greenstone and granite. This distance from the contact point is known as the ‘Goldilocks Zone’ due to the large number of lithium deposits found in this setting.

The upcoming drilling program will test this anomaly.

The program will also see 10 holes drilled to test several nickel sulphide targets. These targets have been identified through a combination of VTEM and Moving Loop surveys. Located on “Block Two” and “Block Three” these targets have returned high conductance anomalies and present as excellent nickel-sulphide targets.

Resource Potentials continues to analyse data from the Helicopter VTEM and Moving Loop surveys to further zero-in on initially identified targets. Drilling is set to continue for several weeks and samples sent to Intertek for analysis.

NIMY Resources Executive Director Luke Hampson said:

We have established compelling lithium and nickel sulphide targets resulting from extensive geophysical surveys and drilling already undertaken at Mons. This drilling campaign comprises 16 holes designed to test these targets, starting today”.
Figure 1 – Planned Drill Line targeting MLEM anomaly Plate 1 and
Plate 2, Block 2 over coloured magnetic survey.


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This announcement has been approved for release by the Board.

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