Highlights:
Outstanding results extend and infill the known mineralisation with assays pending from the remaining Phase 2 (9 holes) and Phase 3 program (12 holes) near completion, first assays from the Phase 2 drilling program reveal high-grade gallium in the first four holes and include:
■ NRRC137 – 240m @ 55g/t Ga₂O₃
■ 56m @ 101g/t Ga₂O₃ from 60m
o Peak value: 1m @ 285g/t Ga₂O₃ from 115m
■ 4m @ 126g/t Ga₂O₃ from 188m
■ NRRC136 – 240m @ 57g/t Ga₂O₃
■ 20m @ 102g/t Ga₂O₃ from 40m
o Peak value: 4m @ 141g/t Ga₂O₃ from 56m
■ 36m @ 104g/t Ga₂O₃ from 112m
o Peak value: 1m @ 376g/t Ga₂O₃ from 117m
■ NRRC135 – 240m @ 30g/t Ga₂O₃
■ 28m @ 59g/t Ga₂O₃ from 216m to end of hole
■ NNRC134 – 240m @ 37g/t Ga₂O₃
■ 8m @ 108g/t Ga₂O₃ from 144m
o Peak value: 1m @ 184g/t Ga₂O₃ from 145m
■ 20m @ 63g/t Ga₂O₃ from 220m to end of hole
■ The gallium runs from surface to end of hole depth of 240m where it remains open, results provide strong evidence that Block 3 has the potential to capitalise on soaring global gallium demand.
■ Upon receipt of the final assays from the Phase 3 program, Nimy intends to calculate a maiden resource for release in the December quarter.
■ Exploration underway to identify extensions of chlorite schist which hosts the gallium; This schist has already been identified well beyond the known mineralisation, highlighting the scope for ongoing growth in the discovery.
Nimy Managing Director Luke Hampson said: “The first assays received from phase 2 drilling at Block 3 indicate a continuation of high-grade gallium immediately east, west and south of our previously drilled high grade holes, including high grade intervals outside of our current exploration target. “These results give us confidence in our drilling strategy targeting a substantial high-grade gallium JORC resource, importantly drilling is demonstrating an extensive and coherent mineralised system. “With Phase 3 nearing completion and remaining Phase 2 assays due shortly, we are defining a globally significant gallium project capable of supporting in part the supply needs of the Western world”.
To read the announcement, please click here
Key Facts:
For more information, please contact:
Nimy Resources Limited
Richard Moody
[email protected]
(08) 9261 4600
About us:
About Nimy Resources
Nimy Resources is a Western Australian exploration company that has prioritised the development of its recently discovered Mons Belt, situated 370km north-east of Perth and 140km north-northwest of Southern Cross a Tier 1 jurisdiction in Western Australia.
The Mons Belt represents a district scale discovery, spanning ~80km x 30km over 17 tenements and covering ~3005km2 north of the Forrestania greenstone belt. The Mons Belt provides a new and exciting frontier in critical metal exploration in Western Australia, the company is currently working with the CSIRO to advance the lithology and mineralisation types within one of Australia's newest greenstone belt discoveries in the Yilgarn Craton, a region with significant untapped potential.
Nimy Resources believes the Mons Belt offers multi commodity potential with the initial discovery of Masson (Cu, Ni, Co, Au & PGE's) in addition to Block 3 east prospect with high-grade gallium (Ga) discovered in the northern tenements.
In addition to these discoveries, the southern tenements have significant fertile komatiite sequences like those found in the Kambalda region of WA.
The Mons Belt is a district scale discovery with a land holding consisting of 17 approved tenements covering an 80km north/south strike of mafic and ultramafic sequences.
