Nimy (ASX:NIM) pulls copper-nickel feed from Masson jar at Mons in Forrestania

Nimy (ASX:NIM) pulls copper-nickel feed from Masson jar at Mons in Forrestania

March 12, 2024 Off By Jack Baker

Nimy Resources’ latest assays from its Masson copper-nickel sulphide discovery have extended known mineralisation and further demonstrated the potential for a high-grade feeder source within its district-scale Mons project on the northern end of Western Australia’s Forrestania nickel belt.

The company’s sulphide-rich down-hole intercepts from Masson prospect at Mons Nickel Project near Paynes Find were up to 45 metres thick and intersected massive to disseminated metals in sulphides.

Nimy’s intercepts had copper values of up to 0.69 per cent, and nickel at 0.7%, cobalt to 0.16%, and platinum group elements to the tune of 0.59 grams per tonne.

The Masson area was previously mapped as entirely granite, but Nimy marked a discovery at the overlooked area within a new greenstone belt late last year, noting the belt lay roughly 80 kilometres north-south and 20km east-west, and entirely within Nimy’s borders.

Nimy Executive Director Luke Hampson said the latest results had not only enhanced the prospectivity of Masson but highlighted the outstanding potential of an entire greenstone belt under the company’s control.

“The follow up eight-hole drill program has significantly enhanced the prospectivity of the Masson prospect and the entire newly identified greenstone belt under cover and unexplored that is held by Nimy Resources,” Hampson said.

“Drilling has extended the sulphide zone to a 160m strike length and to a depth of 216 metres. The copper, nickel, cobalt and platinum group element sulphide mineralisation is associated with a mafic intrusive rock similar the Nova Bollinger and Savannah deposits in Western Australia.”

Nimy’s Masson mineralisation is subvertical, now extending to 160m along strike and 216m down dip and remaining open in all directions.

The mineralisation is also notably entirely different to the thick komatiite flows found in the project’s southern end.

Nimy’s strategy is to close in on high-grade mineralisation, with the company planning to immediately extend exploration at the prospect with higher-level geophysical surveys and drilling.

The explorer’s fully owned tenements cover over 2500 square kilometres and the majority of currently identified mineralised systems.

It intends to continue to review its unexplored greenstone belt, with a view towards choosing priority orogenic gold and sulphide-hosted copper and nickel targets for the drill.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Chief Content Producer
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us