Extensive surface geochemical sampling underway to extend mineralised zones for gold, copper and gallium
Airborne geophysical surveys to commence
Nimy Resources (ASX: NIM) is pleased to advise that as it awaits the imminent Gallium JORC 2012 Compliant Resource at Block 3, it has commissioned an extensive surface geochemical sampling program to extend mineralised zones targeting gold, base metals (Cu-Ni-PGE, Cu-Zn-Au) and gallium across both known and under-explored targets within its Mons Critical Mineral Project in WA. In addition, three high resolution airborne magnetic surveys are due to commence late October.
Key Highlights:
- The surface geochemical sampling program consists of 2,817 samples to be collected (50m spacing) across targets identified as prospective for:
- Gold – sampling of targets identified as structurally favourable to host gold mineralisation including the eastern corridor where there has been no recorded previous exploration.
- Gallium – extension sampling of the Block 3 high grade gallium discovery.
- Copper, nickel and platinum group elements – extending the Masson footprint and targets identified as potential Masson repeats.
- Copper, zinc and gold – extending the sampling grid at Sneaky Squirrel and testing of identified potential additional VMS mineralisation targets.
- As of 13th October, a total of 1083 samples have been delivered to the laboratory for geochemical assay with weekly submissions to follow. Nimy looks forward to supplying further details as the results come through.
- High resolution airborne magnetic surveys scheduled to commence in the final week of October.
- A survey covering ~35km² to be flown at Masson to enable interpretation and modelling of the Masson Cu-Ni-PGE mineralisation and its potential relationship to a VOXI depth slice model of a high magnetic unit south of the Masson discovery.
- A survey covering ~11 km² to be flown at Sneaky Squirrel to enable interpretation and modelling of a high magnetic response thought to be associated with highly magnetic responses of Cu-Zn sulphide mineralisation in shallow drilling beneath the gossan at Sneaky Squirrel which is considered analogous with the Gossan Hill copper mineralisation hosted by massive sulphide and magnetite.
- A survey covering ~30km² over and extending around and west of the Block 3 high grade gallium discovery. Gallium mineralisation at Block 3 is associated with an ultramafic schist and highly anomalous gallium in soils. The survey is designed to identify extensions to the high-grade gallium footprint associated with high level magnetic responses.
Managing Director Luke Hampson commented:
The surface geochemical and geophysics programs at Mons have delivered significant gains in understanding the large and new greenstone belt Nimy is exploring. Airborne magnetic surveys across all three areas identified are designed to provide the required resolution of high magnetic responses leading to greater precision in designing our upcoming drill strategy at Masson, Sneaky Squirrel and Block 3.
Work done on identifying gold mineralisation at Mons has commenced with soil geochemical sampling covering eight (8) targets identified in areas of no previous historic exploration. The soil geochemical sampling program also takes in potential repeats of the Masson copper, nickel and PGE, Sneaky Squirrel copper, zinc and gold discoveries.
The Block 3 program looks to extend the high grade gallium footprint which has proven to have a positive correlation with underlying high grade gallium mineralisation. Our surface geochemical and airborne geophysics programs are designed to maintain the momentum we have created in the past twelve months with very promising base metal discoveries, build upon the high grade gallium resource and potentially add gold to our stable of discoveries across the Mons Greenstone Belt.”
