Nimy Resources (ASX:NIM) is pleased to announce that it has outlined an extensive outcropping anomaly containing copper, zinc, gold, lead, molybdenum and bismuth mineralisation at the newly identified Sneaky Squirrel Gossan Prospect within its Mons Project.
Key Points:
■ The gossan geochemistry is analogous to the Gossan Hill VMS discovery at the world-class Golden Grove deposit in WA
■ 34 rock chip samples returned highly anomalous values with copper up to 1099ppm, zinc up to 4,477ppm, gold up to 817ppb (0.82g/t), lead up to 512ppm, molybdenum up to 127ppm and bismuth up to 126ppm
■ The surface gold anomalies (including sample NRR00050 Au @ 817ppb or 0.82 g/t) are restricted to an area of outcropping of quartz stockwork (laminated quartz with sulphide vugs) 45m east of the outcropping gossan
■ Surface gossan copper-zinc anomalies have been returned along 93m of a 302m metre strike of intermittent outcropping; This outcrop remains open along strike and additional samples have been collected along strike and submitted for geochemical assay
■ Four RC holes drilled below the anomaly returned broad intersections of low-grade copper and zinc with a higher-grade core of anomalous copper-zinc sulphide mineralisation consistent with dip and orientation of outcropping gossan
■ At Golden Grove, lower-grade copper and zinc lodes are near the surface with the high-grade massive sulphides found at depth
■ Historic ground magnetics show a high magnetic response aligned with the gossanous outcropping and drilled copper-zinc mineralisation, highlighting prospectivity for deeper VMS (volcanogenic massive sulphide) copper mineralisation within a magnetite-rich zone as seen at Golden Grove
■ The Mons project near Southern Cross also hosts the Block 3 gallium discovery, where Nimy is on track to publish a maiden JORC Resource in the coming quarter
Nimy Managing Director Luke Hampson said: “The discovery of copper zinc anomalous gossans at Sneaky Squirrel validate the prospect as a serious VMS exploration target. Initial drill testing indicates copper zinc mineralisation continues within a highly magnetic zone at depth with striking similarities to the Golden Grove VMS copper, zinc, gold mines 200km northwest of Sneaky Squirrel.
Along with Masson, Vera’s Gossan and Block 3 the Mons Project greenstone belt is emerging as highly prospective for copper mineralisation.
“Following Nimy’s successful high grade gallium drill campaign at Block 3, work continues on our maiden gallium JORC resource due in the September quarter. Concurrently communication with overseas parties continues.
The focus on developing the Block 3 gallium resource along with highly prospective copper exploration results positions Nimy Resources well in the race to supply critical metals”
To read the announcement, please click here
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.
Contact details:
For more information, please contact:
Nimy Resources Limited
Richard Moody
[email protected]
(08) 9261 4600
