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Nimy unveils 21 massive sulphide targets at Mons project in WA
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The huge potential of Nimy Resources’ (NIM) base metals project in WA has been highlighted by the outstanding results of the latest geophysical survey, which has identified 21 compelling anomalies.
Located at the northern end of the rich Forrestania nickel belt, Mons has been exposed to virtually no modern exploration and what work has taken place was designed to find gold.
But Nimy is applying the latest technology to its vast landholding in a systematic campaign to close in on highly sought-after massive sulphide mineralisation.
The 21 EM anomalies just unveiled are now being prioritised for follow-up work, including soil sampling, further geophysical assessment and ultimately drilling.
The stand-out information in Nimy’s discussion of the anomalies is its strong belief that “the anomalies are coincident with ultramafic rocks and gravity high anomalies”.
Nimy says in what was the first survey completed within the underexplored northern tenements of the Mons Project, the results confirming the 80km strike extent and prospectivity of the greenstone belt.
Nimy Resources Executive Director Luke Hampson said: “The completion of a large-scale EM survey has provided an outstanding result in identifying potential massive sulphide mineralisation within the extensive Mons Project greenstone belt.
“This represents the first EM survey across the Mons Project northern tenements and confirms the prospectivity of the 80km strike.
“Work has commenced soil sampling the EM anomalies with the aim of including in our current Reverse Circulation drilling program”.
In parallel with the follow-up work on the anomalies, RC drilling is continuing across nine prospects, of which seven are targeting nickel sulphide mineralisation, one is targeting rare earths and one is targeting lithium.
The new anomalies will be ranked and included within the current RC program.
Results are also pending on numerous RC holes.
Lithium
The lithium anomaly is highly promising, with soil sampling outlining a large lithium anomaly.
The high-grade lithium anomaly has been outlined over 2.8km, making it a significant drilling target by any measure.
Nimy has drawn sharp parallels with the anomaly which led to the discovery of the huge Earl Grey lithium deposit south of Mons.
Earl Grey is the centre piece of the Mt Holland lithium project, which is now owned by Wesfarmers. Wesfarmers acquired the project via its $776 million takeover of Kidman Resources in 2019.
Nimy has a market capitalisation of just $25 million.
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.
