Second batch of high-grade assays from Phase 2 drilling will underpin maiden JORC Resource
Nimy Resources (ASX: NIM) is pleased to report more high-grade gallium assay from another four holes of the Phase 2 drilling program at its Block 3 Gallium Project in WA.
The results further confirm the potential for Block 3 to emerge as a standalone gallium project, with consistent near-surface and deeper mineralisation being intersected. Results from another 17 holes are pending.
Highlights:
- Assays from a further four holes at Block 3 reveal wide, high-grade gallium intersections. All four holes encountered gallium mineralisation from surface to end of hole.
- The latest results extend the known resources to an area measuring 450m x 300m and provide further evidence of the strong continuity within this area.
- Gallium mineralisation remains open along strike and at depth.
- The latest assays include:
- NRRC138 – 240m @ 35g/t Ga₂O₃ (surface to EOH)
- 24m @ 105g/t Ga₂O₃ from 180m
- Peak value: 1m @ 394g/t Ga₂O₃ from 188m
- 24m @ 105g/t Ga₂O₃ from 180m
- NRRC139 – 240m @ 34g/t Ga₂O₃ (surface to EOH)
- NRRC140 – 240m @ 63g/t Ga₂O₃ (surface to EOH)
- 12m @ 100g/t Ga₂O₃ from surface
- 36m @ 104g/t Ga₂O₃ from 20m
- 3m @ 111g/t Ga₂O₃ from 77m
- 32m @ 107g/t Ga₂O₃ from 200m
- Peak value: 1m @ 462g/t Ga₂O₃ from 202m
- NNRC141 – 240m @ 33g/t Ga₂O₃ (surface to EOH)
- 8m @ 112g/t Ga₂O₃ from surface
- Peak value: 4m @ 140g/t Ga₂O₃ from 4m
- 8m @ 112g/t Ga₂O₃ from surface
- NRRC138 – 240m @ 35g/t Ga₂O₃ (surface to EOH)
- Discussions continue with potential U.S. and European offtake partners and funding counterparties. Block 3 has strong potential to meet surging global gallium demand.
- Follow-up exploration underway aimed at extending the known mineralised footprint and locate further chlorite schist host zones along trend.
- Assays pending from 17 holes (4026m) with results due shortly; All these results will feed into the maiden JORC Resource estimate scheduled for early in the December quarter.
Nimy Managing Director Luke Hampson said:
These are more outstanding results which continue to grow the size of our Block 3 gallium discovery. The assays show that Block 3 is emerging as a major find with every potential to capitalise on global demand for gallium. With results pending for another 17 holes, we are well-placed to continue increasing the extent of the mineralisation ahead of the maiden JORC resource”.
