Nimy hits high-grade gallium
Gallium runs from surface to the end of hole depth of 240m where it remains open
Nimy intends to establish a maiden resource for release in the December quarter
Special report: Phase 2 drilling at Nimy's Block 3 project in WA has delivered high-grade gallium in the first four holes, confirming the potential for the asset to emerge as a standalone gallium development.
Consistent near-surface and deeper mineralisation has been intersected across all holes, including:
240m at 55g/t gallium trioxide, including 56m at 101g/t Ga2O3 from 60m;
240m at 57g/t gallium trioxide, including 20m @ 102g/t Ga2O3 from 40m;
240m at 30g/t gallium trioxide, including 28m at 59g/t Ga 2O3 from 216m to the end of the hole;
240m at 37g/t gallium trioxide, including 8m at 108g/t Ga2O3 from 144m and 20m @63g/t Ga 2 O 3 from 220m to end of hole.
The gallium runs from surface to the end of hole depths of 240m, where it remains open.
Results have extended and infilled known mineralisation with assays pending from the remaining nine holes of the phase 2 program and 12 holes from the soon-to-be-completed phase 3 program.
Background on Block 3
Recent exploration uncovered the gallium opportunity at Nimy's (ASX:NIM) Block 3 project within the Mons greenstone belt, northwest of the Forrestania nickel-lithium district.
The project boasts an exploration target of 9.6-14.3Mt at 39ppm to 78ppm gallium, positioning the company to potentially become WA's first primary producer of the critical mineral.
Gallium, a specialty metal essential for computer chip production and widely used in electronics, AI and defence, has seen rising global interest following China's 2023 export controls.
While most gallium is produced as a secondary output from alumina and zinc operations, NIM is looking to establish a primary source at Block 3, where standout grades have been identified.
Targeting high-grade gallium resource
NIM managing director Luke Hampson said the first assays from phase 2 drilling indicated a continuation of high-grade gallium immediately east, west and south of the company's previously drilled high-grade holes.
'These results give us confidence in our drilling strategy, targeting a substantial high-grade gallium JORC resource.
'Importantly, drilling is demonstrating an extensive and coherent mineralised system,' he said.
'With phase 3 nearing completion and remaining phase 2 assays due shortly, we are defining a globally significant gallium project capable of supporting, in part, the supply needs of the Western world.'
What else is happening?
Upon receipt of the final assays from phase 3 drilling, NIM intends to calculate a maiden resource for release in the December quarter.
Exploration is also underway to identify extensions of chlorite schist which hosts the gallium.
The schist has already been identified well beyond the known mineralisation, highlighting the scope for ongoing growth in the discovery.
This article was developed in collaboration with Nimy Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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