Nimy Resources starts extensive sampling at Mons to extend mineralised zones

• NIM starts geochemical sampling and has airborne surveys planned at Mons
• Work is seeking to find extensions to gold, base metals and gallium targets
• Company expects to release maiden gallium resource for Block 3 imminently

Special Report: Extensive surface geochemical sampling is underway at Nimy Resources’ Mons critical minerals project in WA.

The company expects to release the maiden resource estimate for the Block 3 gallium deposit at Mons any day now.

This was discovered earlier this year and has consistently delivered grades above 100g/t gallium.

In the meantime, the sampling program is aimed at extending mineralised zones across known and under-explored targets at Mons, including:

• 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; and
• Copper, zinc and gold – extending the sampling grid at Sneaky Squirrel and testing of identified potential additional VMS mineralisation targets.

So far Nimy Resources (ASX:NIM) has delivered 1083 of the planned 2817 samples to the laboratory for geochemical assay with results pending.

Gearing up for magnetic surveys

In addition, three high resolution airborne magnetic surveys are due to begin in late October, seeking extensions to the high-grade gallium footprint at Block 3 and to enable interpretation and modelling of the Masson copper-nickel-PGE mineralisation and Sneaky Squirrel copper-zinc mineralisation.

“The surface geochemical and geophysics programs at Mons have delivered significant gains in understanding the large and new greenstone belt Nimy is exploring,” MD Luke Hampson said.

“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 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.”

Hampson said the surface geochemical and airborne geophysics programs were designed to maintain the momentum NIM  had created in the past 12 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”.

 

This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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