Nimy Resources Ltd (ASX:NIM) has extended its sulphide targets believed to host both copper and gold through geophysics work at its Block 3 Prospect – part of the wider Mons Project in Western Australia – with surveys revealing extensive new anomalies which are set to boost modelling work.
One survey – of the downhole electromagnetic (DHEM) type – picked up evidence of an EM anomaly located along strike west of Block 3, which itself represents a significant massive sulphide discovery, with targeted drilling to follow at this location.
Another survey which used gradient array induced polarisation (GAIP) revealed two anomalous zones with features also indicating significant zones of continued sulphide mineralisation.
These features included coincident chargeability and conductivity, with the anomalous zones also carrying strike lengths of 680 metres (Block 3 West) and 740 metres (Block 3 East).
The zones’ proximity to sites which produced strong drilling results in the past is also notable, as they are close to drillholes intersecting massive and disseminated sulphides carrying copper, gold and silver at Block 3 West, in addition to anomalous copper, REE and gallium in oxide at Block 3 East.
Nimy executive director Luke Hampson said the surveys at Block 3 had achieved important steps for the Mons Project, with mineralisation picked up at all three target areas.
“Block 3 DHEM identified a significant anomaly west of the copper, gold and silver in massive sulphide encountered in the first drill program,” he said.
“The coincident chargeability and conductivity anomalies at Block 3 East and West are large and interpreted as prospective for disseminated sulphide mineralisation.
“The Masson nickel, copper, cobalt and PGE in massive sulphide discovery has anomalies continuing at depth, the MLEM survey at Veras Gossan has identified three large EM anomalies possibly associated with the surface gossan which returned anomalous levels of nickel, copper, cobalt and zinc.
“Given the impressive strike rate and the multitude of VTEM anomalies identified across the greenstone belt that are in the assessment pipeline, the Mons Project continues to present as having large fertile intrusion related base metal in sulphide potential.”
At 11:30 AEDT, Nimy was trading at 6.5 cents, a rise of 8.33 percent since the market opened.