- Chalice Mining (CHN) identifies a potential 1.6-kilometre extension to the Gonneville Intrusion within its Julimar nickel-copper-PGE project in Western Australia
- A recent 2D seismic survey highlighted the potential plunge extension of the Gonneville Intrusion 1.6 kilometres northwest of the resource and 500 metres below surface
- Chalice says it will begin step-out drilling shortly to validate the seismic interpretation of the extension
- The company is busy completing a Gonneville scoping study to evaluate starter mine and bulk mine concepts, with work expected to be completed later in the year
- Chalice is down 0.22 per cent to $4.44 per share at 11:35 am AEST
Chalice Mining (CHN) has identified a potential 1.6-kilometre extension to the Gonneville Intrusion within its Julimar Project in Western Australia.
The company completed a recent 2D seismic survey over the Gonneville-Hartog area, with work highlighting the potential plunge extension of the Gonneville Intrusion 1.6 kilometres northwest of the resource and 500 metres below surface.
As the Gonneville Intrusion is rich in sulphides, the extension could expand the deposit to this point and possibly beyond.
Chalice said it would begin step-out drilling shortly to validate the seismic interpretation.
Meanwhile, drilling is continuing in the project area, with four diamond rigs in operation across the Hartog-Dampier strike and three rigs at Gonneville.
Chalice said drilling at the Dampier Target had confirmed “encouraging” evidence of widespread sulphide mineralisation, with a fertile mineral system identified 10 kilometres north of Gonneville.
Overall, up to 0.6 per cent nickel, 0.3 per cent copper, 0.05 per cent cobalt and 1.7 g/t 3E (palladium, platinum and gold) were intersected.
The company is busy completing a Gonneville scoping study to evaluate starter mine and bulk mine concepts, with work expected to be completed later in the year
Chalice was down 0.22 per cent to $4.44 per share at 11:35 am AEST.