Nimy reported in mid-August that an initial reverse circulation (RC) hole following up on the Masson discovery had intersected an interval of massive and disseminated sulphide mineralisation from 128 metres to 138m down-hole.
The company subsequently drilled holes beneath this and confirmed continued and increasing widths of both massive and disseminated sulphide mineralisation.
The first of the new holes encountered a 65.1m mineralised zone, which the company assessed as suggesting a thickening with depth and dipping to the west.
The hole was pre-collared to 180m and visible sulphides – including multiple massive zones – became present from 209m through to 275m.
A third new RC hole intersected visible disseminated sulphides from 148m, with massive sulphides intersected at 156-157m and 176-177m before a more substantial interval at 180-185m and again at 193-194m.
The current campaign is designed to test new modelled conductive plates adjacent to and below the massive sulphide intersection discovery at Masson.
Executive director Luke Hampson said the new results have extended the mineralisation down-hole from 102m to 274.5m and the zone remains open.
“The three drill holes completed have tested recent electromagnetic survey anomalies and indicate that the mineralised zone is increasing with depth and dipping to the west as predicted,” Mr Hampson said.
“The Masson […] discovery is now building momentum in terms of potential volume and grade.”
“Samples have been submitted for assay and we eagerly await the results.”
Deeper hole
The company expects a final and deeper diamond hole designed to further test the dip and depth of mineralisation will be completed early next week.
The company has submitted samples to Intertek for assay with an anticipated five-week turnaround.
Nimy raised $1.2 million in mid-July to support its drilling campaigns.
The funds raised are being utilised for drilling campaigns at the Masson discovery, Block 3 and Vera’s Gossan Prospect.
