Announcement Date: 2022-09-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nimy Resources Ltd.
Project name: Mons
Location: Australia
Commodities: Nickel
Highlight: Drilling results incl. 368m at 0.14% Ni from 12m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The two diamond holes (NRDD001, NRDD002 Table 1) collared on the same pad represent the first deep drilling at the Mons Project. The previous campaign (October 2020) of reverse circulation (RC) drilling drilled to a maximum depth of 220m. The two holes have provided excellent information enabling the primary objectives of obtaining lithological, structural, depth (basal contact) and mineralisation information to be met. The results confirm a significant body of potential nickel mineralisation at the Godley Prospect. NRDD001 returned a substantial intersection (Table 2) of 368m Ni @ 0.14% and 25.72% MgO from within 12m to 395m which includes pre-collar (NRRC002). NRDD002 returned a substantial intersection (Table 2) of 427m Ni @ 0.14% and 26.03% MgO from within 19m to 456m. A cut-off grade of 1000ppm nickel allowing for less than 2 metres internal dilution has been applied.
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