Nimy Resources (ASX:NIM) is gearing up to start a follow-up reverse circulation (RC) drilling program next week at the Masson prospect, within the Mons Project in Western Australia.
The $15.33 million market capitalisation company aims to follow-up on the massive sulphide mineralisation intersected late last year at the prospect, as well as test extensions to known and new plates uncovered by recent geophysics.
Executive Director Luke Hampson says the company is focused on extending its understanding of the massive sulphide mineralisation as Nimy believes initial results are ‘highly significant’ and an ‘excellent’ opportunity to uncover a substantial nickel copper deposit at Masson.
“We are moving quickly to establish the extent of the massive sulphides hosted within the mafic rock type, within a large electromagnetic anomaly and along the contact zone.”
Finally modelling of fixed-loop electromagnetic (FLEM) and down hole electromagnetic (DHEM) surveys suggest massive sulphide mineralisation is within a ‘large’ EM anomaly.
Nimy says this indicates the potential for the Masson discovery to be a ‘large’, massive nickel-copper sulphide deposit.
The holes for drilling will be cased to prepare for additional DHEM surveys designed to capture any extension of the high conductance plates along the FLEM trend, which is open north, south, and below the current plate modelling.
The Mons project sits at the northern end of the Forrestania nickel belt in Western Australia.
Nimy Resources is a critical minerals-focused explorer that holds 16 tenements covering a 2,564km-square area within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton.
As of 30 September 2023, the company had $1.52 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Nimy Resources
