Nimy Resources intersects up to 427m of nickel mineralisation at Mons project
At least three modelled EM conductor plates have been identified at the Dease Gossan prospect, which will be prioritised for follow-up work including drilling.
Western Australia explorer Nimy Resources (ASX: NIM) has intercepted “substantial” nickel sulphide mineralisation in the first two diamond holes drilled at the Godley prospect within the Mons project in Western Australia.
Nickel, copper and cobalt mineralisation has been hit within ultramafic rocks at Godley and provided what executive director Luke Hampson says is a “wealth of information” regarding the wider project.
The first hole assayed over 368m at 0.14% nickel and 25.72% magnesium oxide, while the second hole went through 427m also with an average 0.14% nickel.
Godley is part of Nimy’s flagship Mons nickel project, which covers 1,761sq km of tenements and lies at the northern end of the Forrestania nickel belt, 140km from Southern Cross.
Anomalous lithium levels were also returned in narrow alteration intervals.
Deposit could help fill predicted nickel supply gap
Mr Hampson said the results from the first diamond holes had provided a “wealth” of information to advance Mons.
“The Nimy exploration strategy is targeted at significant high-grade massive nickel sulphides and large low-grade nickel deposits,” he added.
Mr Hampson said these substantially long intervals of nickel mineralisation further the possibility of a large, low-grade deposit similar similar to others being developed around the world to address expected future nickel shortages.
Nickel potential ignored in past due to low prices
The area has been explored previously for gold and other metals but not nickel, due to depressed nickel prices at the time of that activity.
Mons features a very similar geological setting to the southern end of the Forrestania belt and the Kambalda nickel belts.
Nimy has said previously that the project is situated within a large scale fertile “Kambalda-style” zone.
Meanwhile, the company is awaiting assay results from drilling at the Dease prospect at Mons.
These include a hole which intersected copper-silver-zinc within an anomaly, where a 487.2m intersection was logged beginning 383.6m down hole and continuing to the end of hole.
Dease has four diamond holes awaiting geochemical assays.
Future work at Godley more survey analysis, preparing a complete model from all the datasets and drill hole planning.