Nimy Resources (ASX:NIM) Drilling confirms potential Gallium extensions at Block 3
Nimy Resources Limited (ASX:NIM)
Mineralisation potential along strike and at depth, extending West from defined exploration target
■ Nimy Resources has intersected substantial zones of mafic schist in all drillholes completed within the newly delineated Central Zone of its Block 3 Gallium Project.
■ Chlorite & mafic schist, the host rock for high-grade gallium, has been consistently intersected across the newly designated Central Zone.
■ Preliminary logging of recent intercepts at the Central Zone indicates the mineralised system is potentially continuous from Block 3 West to Block 3 East, totalling over 1.5 kilometres of strike.
■ Initial holes from the Phase 2 drilling program have been submitted to the laboratory for assaying, with Phase 3 drilling being submitted to the laboratory over the coming days.
■ Phase 3 Step-out drilling continues, targeting extensions beyond the initial outlined exploration target, which includes a newly identified, outcropping chlorite schist zone.
■ Reconnaissance exploration is advancing across the broader prospect area, with a focus on expanding the mineralised footprint and delineating additional chlorite schist-hosted targets along strike.
■ The first Phase 2 drill assays are imminent, with results to be released progressively.
Nimy Managing Director Luke Hampson said: “The consistent intersection of mafic schist across all Central Zone drillholes indicates the continuity of the primary gallium host unit and supports our interpretation of a large, coherent mineralised system at Block 3.
“With mineralisation remaining open along strike and at depth, and step-out drilling now testing newly identified outcropping zones, the project continues to demonstrate the hallmarks of a high-grade, critical metal discovery.
“As gallium emerges as a priority metal for semiconductors and defence technologies, securing supply is now a strategic imperative for Western economies. Block 3 positions Nimy at the forefront of the Western World’s response to this challenge.
“Looking ahead, Nimy is actively progressing discussions with downstream partners to ensure optimising future processing pathways”
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Key Facts:
For more information, please contact:
Nimy Resources Limited
Richard Moody
[email protected]
(08) 9261 4600
About us:
About Nimy Resources
Nimy Resources is a Western Australian exploration company that has prioritised the development of its recently discovered Mons Belt, situated 370km north-east of Perth and 140km north-northwest of Southern Cross a Tier 1 jurisdiction in Western Australia.
The Mons Belt represents a district scale discovery, spanning ~80km x 30km over 17 tenements and covering ~3005km2 north of the Forrestania greenstone belt. The Mons Belt provides a new and exciting frontier in critical metal exploration in Western Australia, the company is currently working with the CSIRO to advance the lithology and mineralisation types within one of Australia's newest greenstone belt discoveries in the Yilgarn Craton, a region with significant untapped potential.
Nimy Resources believes the Mons Belt offers multi commodity potential with the initial discovery of Masson (Cu, Ni, Co, Au & PGE's) in addition to Block 3 east prospect with high-grade gallium (Ga) discovered in the northern tenements.
In addition to these discoveries, the southern tenements have significant fertile komatiite sequences like those found in the Kambalda region of WA.
The Mons Belt is a district scale discovery with a land holding consisting of 17 approved tenements covering an 80km north/south strike of mafic and ultramafic sequences.