Cu, Ni, PGE’s – MASSON

Masson was discovered initially through the VTEM and follow-up MLEM program conducted by Nimy in early 2023. Masson represents the first of five interpreted zones in the north MONS Project.

Conductive plates were identified, drilled and followed up with DHEM, the first hole (23NRRC100) returned 5m @ 0.73% Ni, 0.53% Cu, 0.06% Co and 0.55 g/t 2PGE from 102m.

The Discovery

  • Airborne VTEM target delivered drill-discovery under thin cover.
  • 1st hole (NRRC0100 – November 2023) targeting MLEM conductive anomalies intersected massive and semi massive sulphides and returned 5m @ 0.73% Ni, 0.53% Cu, 0.06% Co and 0.55 g/t 2PGE from 102m within a 10m sulphide zone.
  • Cu, Ni, Co, Pd, Pt and Ag within sulphide mineralisation extending along a strike of 240m with a maximum downhole width of 62m and has been encountered from 102m to 328m downhole and remains open down dip and along strike.
  • Copper at >1% extends in a vertical lens from 126 -298m (172m downhole depth).
  • Molybdenum halo is present above and around the copper mineralization, molybdenum is a reliable pathfinder to copper mineralisation.

Drilling the Masson Extension

Copper pathfinder Molybdenum in drilling and soil sampling

  • Anomalous molybdenum is present above and surrounding the copper lens (up to 804ppm – 4m composite sample).
  • Soil sampling indicates a 1.4km molybdenum in soil anomaly 700m south along strike from the Masson Discovery.
  • Soil anomaly is coincident with VTEM anomalies.
  • 124 soil sample assays pending, extended sampling to the north beginning week 3rd November.
  • Conductor plate modelling underway –expect drill targets along the trend

Scale of exploration targets

Multiple interpreted intrusive zones

  • Masson intrusive (mafic /gabbro – felsic /diorite) is one of 5 interpreted in the north of the Mons Project.
  • 4 of the intrusive zones contain VTEM anomalies for follow up (currently soils over priority picks).
  • Masson discovery made following VTEM –MLEM- drill –DHEM.
  • Veras Gossan – surface discovery of mineralised gossan – follow up MLEM delivered 3 large moderate conductance anomalies coincident with soil anomalies (Cu, Ni, Co, Pb, Zn).
  • Block 1 follow up MLEM delivered 1 large low conductance EM anomaly.
  • Priority exploration at Masson – soils, VTEM plates modelling, upcoming drill and DHEM program

Key Highlight

  • Cu, Ni, Co, Pd, Pt and Ag within sulphide mineralisation extending along a strike of 240m and remains open down dip and along strike.
  • Copper at >1% extends in a vertical lens from 126 -298m (172m downhole depth).
  • A molybdenum halo is present above and around the copper mineralisation, molybdenum is a reliable pathfinder to copper mineralisation.
  • The Masson discovery is within an interpreted intrusive stretching 6kms across by 9kms long, one of 5 such geological settings (all containing similar VTEM responses).

2025 Exploration Goals

  • Continued soil sampling seeking further evidence of molybdenum as a pathfinder for copper.
  • Modelling of additional VTEM anomalies.
  • Drill program both RC and DD (tail) with DHEM for further interpretation downhole.
  • Additional zones in the north MONS Belt containing VTEM anomalies will be followed up using the same proven methodology as with Masson.

The intersection of massive sulphide mineralisation in our first drill hole targeting conductive plates is a big win following our strategy of extensive VTEM and follow up MLEM. The intersections represent proof of concept in our search for massive sulphide mineralisation in an enormous holding covering an 80km strike of greenstone in over 2000km² that has already delivered very deep intersections of low-grade nickel from previous drilling

Luke Hampson,  Nimy Executive Director

MASSON: Latest market updates

December 2024 Quarterly Report

Nimy Resources (ASX:NIM) is pleased to announce the release of the December 2024 Quarterly Report. Highlights The focus of the quarter’s activities was the drilling and exploration activities at Masson…
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