Nimy Resources kicks off Mons nickel drilling
Nimy Resources began trading on the ASX on Monday after raising $6 million through its IPO.
Recently listed Nimy Resources (ASX: NIM) has announced diamond drilling is underway at its flagship Mons nickel project in Western Australia.
It follows a 32-square kilometre moving loop electromagnetic (MLEM) survey which commenced on the property in December and is still ongoing.
The first stage of the drilling program comprises two diamond holes in Area A02 to test the lower geological contact of the large-scale fertile komatiite identified in previous reverse circulation (RC) drilling undertaken by the company.
The program will collect sufficient core for first pass metallurgical test work and nickel concentrate evaluation, and is expected to provide critical information on lithology, structure, orientation and mineralisation type.
The second stage will test any subsequent bedrock conductor targets identified by the MLEM survey, which is being undertaken in Area A01.
Nimy chief geologist Stu Peterson said this deeper diamond drilling work will better identify what previous RC has indicated as a “komatiite flow”.
“We have made a strong start to our exploration program, sourcing our MLEM team and a diamond rig and crew in what is a tight market in WA,” he added.
Previous drilling
Previous RC drilling by Nimy discovered large-scale disseminated nickel host rock at the Dease and Godley targets in Area A02. This host rock is considered similar to the mineralisation at BHP’s (ASX: BHP) low-grade Mount Keith nickel project near Wiluna in central WA.
According to Nimy, extensive geochemical tests on the previous drilling samples point to increasing nickel mineralisation deeper within the komatiite flow and long the lower basement contact.
Drilling plan
This diamond drilling program will drill to a basement depth of about 400-600m, making it the deepest to date in the area.
Once drilling is completed in Area A02, the drill rig will move to drill MLEM targets in Area A01.
Nimy said this area is in contrast to Area A02 with the komatiite flows having been overturned from horizontal to near vertical position, so a different drilling strategy will be adopted to target massive sulphides along the geological boundaries.
The 1,761sq km Mons nickel project is located 140km northwest of Southern Cross, WA and covers the Karroun Hill nickel district.
The 12-tenement project contains similar key mafic/ultramafic geology and regional structures as both the Forrestania and Kambalda nickel belts.