Nimy uncovers store of VMS copper, zinc mineralisation at new Sneaky Squirrel prospect

• Nimy’s new Sneaky Squirrel prospect reveals copper-zinc gossan anomaly with gold, lead, molybdenum and bismuth
• Rock chip samples hit 1099ppm copper, 4477ppm zinc and 0.82g/t gold along 302m of outcropping gossan
• Company also working on maiden gallium resource for its potentially world-class Block 3 prospect

Special Report: Nimy Resources has outlined an extensive outcropping anomaly containing copper, zinc, gold, lead, molybdenum and bismuth at the new Sneaky Squirrel gossan prospect within its Mons project in WA.

Rock chip sampling returned highly anomalous values of up to 1099ppm copper, 4477ppm zinc, 0.82g/t gold, 512ppm lead, 127ppm molybdenum and 126ppm bismuth with the company noting the surface gold anomalies are restricted to an area of outcropping of quartz stockwork 45m east of the outcropping gossan.

Surface gossan copper-zinc anomalies have been returned along 93m of a 302m strike of intermittent outcropping, which remains open along strike with additional samples collected along strike and submitted for geochemical assay.

Nimy Resources (ASX:NIM) notes the newly identified prospect has gossan geochemistry analogous to the Gossan Hill volcanogenic massive sulphide discovery at the world-class Golden Grove deposit in WA.

Adding interest, four reverse circulation holes drilled below the anomaly returned broad zones of low-grade copper and zinc with a higher-grade core of anomalous copper-zinc sulphide mineralisation that is consistent with the dip and orientation of outcropping gossan.

At Golden Grove, lower grade copper and zinc lodes are near the surface while high-grade massive sulphides are found at depth.

“The discovery of copper zinc anomalous gossans at Sneaky Squirrel validate the prospect as a serious VMS exploration target,” managing director Luke Hampson said.

“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.”

He noted that along with the Masson, Vera’s Gossan and Block 3 prospects, the Mons project greenstone belt is emerging as highly prospective for copper mineralisation.

Historical ground magnetics show a high magnetic response aligned with the gossanous outcropping and drilled copper-zinc mineralisation, highlighting prospectivity for deeper VMS copper mineralisation within a magnetite-rich zone as seen at Golden Grove.

Mons project

The Mons project is 370km northeast of Perth and 140km north-northwest of Southern Cross.

Initial exploration discovered thick nickel fertile komatiite flows in the southern half of the project while exploration in the northern half of the project uncovered the Block 3 gallium discovery.

Recent drilling has delivered high-grade gallium results such as 44m at 101g/t Ga2O3 from surface and 1m at 394g/t Ga2O3 from 188m within a broader intersection of 240m at 35g/t Ga2O3 from surface.

These bode well for the program’s goal of infilling and extending the Block 3 exploration target of between 9.6Mt and 14.3MT at a grade range of 39-78ppm gallium.

NIM is currently working on a maiden resource that is expected to be released in the September 2025 quarter.

“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,” Hampson added.

This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.