Nimy (ASX:NIM) reveal rare earth at Mons

Nimy Resources’ latest assays have revealed a stand-alone 4.5-kilometre corridor of extensive rare earth and base metal anomalism, marking a discovery to add to its fully owned Mons project in the northern end of Western Australia’s Forrestania nickel belt.

The RC drilling campaign uncovered rare earth mineralisation in nine holes with elevated levels of cerium, lanthanum, and yttrium, and samples have been resubmitted to assay for the full suite of rare earth elements.

Zones of copper, lead, zinc, and silver sulphide were also encountered in three holes along the corridor, and Nimy is moving quickly on a follow up to find the source of its freshly discovered mineralisation.

Nimy Executive Director Luke Hampson said the corridor was discovered on the western fringe of the campaign, sitting far away from recently identified lithium and nickel targets, and mineralisation remains open in all directions.

“The results are extremely prospective and we are assessing the possible sources of the anomalism. Preliminary drilling at the rare earths carbonatite prospect shows that the core is mineralised with bismuth, molybdenum sulphides to the extent of the drilling and is of a different rock type to peripheral drill holes,” Mr Hampson said.

“These results provide more evidence that Mons hosts a standalone greenstone belt of significance with rare earth element and base metal potential in addition to our more advanced and main focus of nickel and lithium exploration,” he added.

Forward plan

Mr Hampson said that the core mineralisation, particularly a sulphide zone had spurred on the company to go deeper, and Nimy had already received the backing of the West Australian Government to do just that, and an EIS-funded diamond hole will go down to a maximum depth of one kilometre.

But nickel and lithium are still the headliners at a Mons project covering a greenstone belt with proven prospectivity, and Nimy has applications for more drilling underway after returning the most compelling evidence to date of massive nickel sulphides in a district scale land package with noted geological similarities to the Kambalda Nickel Belt.

Mons exploration prospects and target commodities

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Nimy Resources Limited, an exploration company, engages in discovering and developing an economic nickel-sulfide project in Australia. The company explores for nickel, lithium, rare earths, gold, other precious metals, and base metals. It also holds a 100% interest in the MONS nickel project comprising various tenements that covers an area of approximately 2,562 square kilometers located within the Archean Murchison Domain of the Youanmi Terrane of the Yilgarn Craton. Nimy Resources Limited was incorporated in 2012 and is based in Perth, Australia.

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