Confirmation of broad intervals of various sulphides along with a ‘high-grade’ copper trend confirms Masson as a “significant discovery”, Nimy Resources (ASX:NIM) executive director Luke Hampson says.
Recent work at the Masson prospect that confirmed broad intervals of copper, nickel, cobalt and platinum group elements (PGEs) in sulphides is a major development for the company, Hampson says.
“Hosted within mafic intrusive rocks, the emergence of copper at these levels particularly as Nimy drills deeper signifies a dynamic system, part of a much larger mafic intrusion,” the executive says.
“Planning is underway to test further extensions to the Masson mineralisation including testing of coincident high magnetics and EM anomalies along the 3.1km northern strike that begins with the Masson discovery, and the 3.8km highly magnetic unit with coincident EM anomalies southwest of the Masson discovery.”
Nimy’s geological studies to date suggest there are – based on geophysics and geochemistry – “Masson repeats” in the district. This makes the interpreted margins of the felsic and mafic rocks around Masson priority targets for follow up exploration, the company says.
Announcing its latest drill results, Nimy Resources notes it has intersected ‘high grade’ copper, nickel, cobalt and PGE mineralisation within a broader zone of massive and semi massive sulphides.
Assays show a broad copper, nickel, cobalt and PGE mineralisation zone containing an interpreted high grade copper lens from 126m to 236m. All three holes have returned grades at greater than 1% copper.
Nimy notes it appears that there is a high-grade copper sulphide (chalcopyrite) lens within a broader mineralised zone beginning at a downhole depth of 126m (24NRRC0124), continuing to 236m and remaining open. The thicker highest grade of 5.58m @ 1.27% copper (including 2.65m @ 2.09% copper from 233.5m) is the deepest intersection to date, with assays from 24NRDD00126 still pending.
Write to Adam Orlando at Mining.com.au
Images: Nimy
