Nimy Resources ASX NIM nickel copper massive sulphides pyrrhotite pyrite chalcopyrite Mons
October 25, 2023
Nimy Resources intersects nickel-copper sulphides at Mons project

Diamond drilling of two moving loop electromagnetic (MLEM) plates in Block 2 of Nimy Resources’ (ASX: NIM) Mons project in Western Australia has intersected a 54 metre zone of massive, semi-massive and disseminated sulphide mineralisation containing pyrrhotite, chalcopyrite and pyrite from 118m.

The massive sulphide intersections are believed to coincide with the modelled MLEM plate locations.

Follow-up downhole electromagnetic (DHEM) and fixed loop electromagnetic (FLEM) surveys are expected to commence within the next two weeks.

Meanwhile, diamond drilling has started at the project’s Block 3 area, approximately 10km south of Block 2, to test similar modelled conductive plates.

Better than expected

Nimy executive director Luke Hampson said the Block 2 results were better than expected.

“The intersection of 54m of substantial sulphide mineralisation is clearly a game changer for us,” he said.

“Importantly, the result is entirely consistent with the conductor plates we have modelled using geophysics.”

He said the new surveys would facilitate a better understanding of the size of the Mons intrusive and locate related anomalies around and below the discovered sulphide zone.

Rare earth-base metals hit

In July, Nimy reported it had hit rare earth and base metals in a new corridor at Mons, complementing previous targets and highlighting the region’s prospectivity.

The new corridor sits on the western fringe of the project area and remains open in all directions.

The results were reported to have provided further evidence that Mons hosts a standalone greenstone belt of significance with rare earth and base metal potential in addition to the main focus of nickel and lithium.

Nickel discovery

Mons continues to be predominantly a nickel discovery, with results from December showing indications of a substantial mineralised system.

Drilling uncovered a best intercept of 448.48m at 0.15% nickel, 0.01% cobalt and 27.28% manganese oxide from 384m plus notable assays of 2m at 0.13% nickel, 0.21% copper, 0.1% cobalt and 27.69% manganese oxide from 438m; and 123.84m at 0.16% nickel, 0.0098% cobalt, and 27.25% manganese oxide from 747m to end of hole.

Nimy is targeting high-grade nickel massive sulphide deposits at Mons, as well as large, low-grade nickel sulphides.

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