- Chalice Mining (CHN) has identified extensive nickel-copper soil anomalism at its Julimar Project in Western Australia, following gravity and soil surveys
- The surveys identified several extensive nickel-copper soil anomalies associated with gravity highs
- Based on these results, Chalice will define drill-ready targets, which is expected to be completed by the end of June
- Additionally, environmental surveys have also been completed at the Hartog target for initial drill testing, which is planned for late third quarter of 2021
- Chalice is trading up 1.90 per cent at $8.56 per share at 10.43 am AEST
Chalice Mining (CHN) has identified extensive nickel-copper soil anomalism at its Julimar Project in Western Australia.
The company has completed gravity surveying and soil geochemical sampling over the entire 26-kilometre long Julimar Complex, which included Baudin, Jansz and Drummond prospects.
Ground gravity data showed the presence of a large continuous gravity high extending over the strike.
Notably, the Hartog and Drummond targets, located towards the southern and northern end of the complex, show the strongest gravity highs. This indicates the presence of larger volumes of mafic and ultramafic rock-types at depth.
Additionally, the surveys identified several extensive nickel-copper soil anomalies associated with gravity highs.
Based on these results, initial first-pass lines are planned over the coming weeks. This program aims to define drill-ready targets and is planned to be completed by the end of June.
Environmental surveys have also been completed at the Hartog target in preparation for initial drill testing, which is planned for late third quarter of 2021.
Chalice was trading up 1.90 per cent at $8.56 per share at 10.43 am AEST.