Nimy Resources (ASX:NIM) reports follow up diamond drilling has confirmed discovery of significant nickel, copper, cobalt and PGE’s within sulphide mineralisation at the Block 2 prospect.
The discovery has been named the Masson prospect. Nimy says drill targets including new high conductance plates modelled from the Downhole Electromagnetic (DHEM) are being readied for follow up drilling.
Fixed loop electromagnetic (FLEM) survey completed at Masson indicate the mineralised sulphide zone is within a large (550m long x 175m wide) EM anomaly – indicating potential for the discovery to be a ‘large’, massive nickel-copper sulphide deposit.
Executive Director Luke Hampson says the extension of sulphide mineralisation includes massive sulphides hosted within a mafic rock type, with a large electromagnetic anomaly, along a contact zone gives the company an opportunity to uncover a ‘substantial’ nickel-copper deposit.
“Our exploration strategy and exhaustive work coupled with the excellent work delivered by Resource Potentials enables us to zero in on not only the Masson prospect, but the additional targets identified using the same geophysical surveys process.
The Masson prospect is a significant breakthrough for Nimy Resources as we move towards establishing the Mons Project as a fertile exploration holding.”
The Masson prospect is in a previously unexplored, difficult to access area covered by transported overburden, and was discovered with the first reverse circulation hole designed to intersect and test two potential electromagnetic conductors at the prospect.
Nimy Resources is an ASX-listed battery minerals explorer focused on discoveries in Western Australia.
As of 30 September 2023, the company had $1.52 million cash at hand, according to its latest quarterly report. Post quarter-end the company received a $2.5 million funding commitment from Lind Global Fund.
Write to Aaliyah Rogan at Mining.com.au
Images: Nimy Resources
