Nimy Resources commences Mons nickel exploration
De Grey Mining is famed for its massive 6.8Moz gold discovery Hemi, within its 9Moz Mallina gold project in WA’s Pilbara.
Newly listed Nimy Resources (ASX: NIM) has announced the start of exploration at its flagship Mons nickel project in Western Australia, beginning with a large-scale moving loop electromagnetic (MLEM) survey.
The 32-square-kilometre survey will be a key tool for identifying bedrock conductors which could hold nickel sulphides and the results will be used alongside a soil sampling program to refine targets for follow-up reverse circulation and diamond drilling.
The junior explorer has planned 200-metre line spacings with 100m stations totalling 1,492 data points to enable high resolution coverage for first pass results.
Newexco has been commissioned to supervise the survey and data interpretation. The highly regarded consultancy is believed to have significant experience in exploring the Forrestania nickel belt.
Nimy managing director Christian Price said the company was pleased to start the exploration program just days after its ASX listing.
“MLEM is a relatively low-cost, high-value opportunity to progress a number of our later-stage exploration targets and is in line with our systematic exploration plan, led by chief geologist Stuart Peterson,” he added.
The company listed on the ASX in late November after raising $6 million (after costs) from its initial public offering (IPO).
Mons nickel project
Nimy’s Mons project is a 1,761sq km tenement holding located 140km north of Southern Cross in WA’s eastern goldfields region. It covers the Karroun Hill nickel district on the northern end of the world renown Forrestania nickel belt.
The project area features a very similar geological setting to the southern end of the Forrestania and the Kambalda nickel belt.
The MLEM survey has been positioned precisely over a highly prospective geological zone which contains a stacked sequence of mafic/ultramafic rocks, which are typical for hosting nickel and gold deposits across the Yilgarn craton.