en.Wedoany.com Reported - Nimy Resources (ASX:NIM) has identified a new gold anomaly, named Corporate James South, through a soil sampling program at the Mons gold project, located approximately 370 kilometers northeast of Perth.
The anomaly is situated 3.6 kilometers southwest of the first anomaly discovered earlier this month at the Corporate James gold prospect. The spatial relationship between the new anomaly and the granite-greenstone contact zone is similar to the geometry observed at Corporate James.
The inferred gold trend hosting both anomalies has now been delineated over a strike length of 16 kilometers. Nimy Resources stated that the trend remains open along strike and has substantially expanded the scope of priority drilling targets ahead of the planned initial gold drilling. The target corridor at the Mons project is believed to extend along a contact zone spanning approximately 85 kilometers.
Sampling at Corporate James South also returned a multi-element pathfinder suite, including arsenic, antimony, bismuth, molybdenum, tellurium, tungsten, and silver. Managing Director Luke Hampson stated that these are extremely encouraging results, further highlighting the strong gold potential emerging at the Mons project. They confirm that the extent of the Corporate James gold prospect does not end at the edge of the initial discovery. The identification of a consistent multi-element anomaly 3.6 kilometers to the southwest indicates that the corridor is larger than initially mapped, bolstering the company's confidence in the scale of the discovery.
The Mons tenement is believed to contain a previously unrecognized greenstone belt. Early work on the project has revealed a series of base metal, critical metal, and precious metal targets. Exploration in the northern half of the tenement has yielded two significant discoveries: the Block 3 gallium and rare earth discovery and the Masson copper-nickel-PGE sulfide prospect. Nimy reported the maiden resource estimate for Block 3 late last year, totaling 7.23 million tonnes at 102 g/t gallium oxide and 538 ppm TREO. This mineral resource estimate covers only 0.4 square kilometers at surface and excludes known mineralization below 100 meters. The exploration target for the prospect is estimated at up to 26 million tonnes (at 100 g/t gallium oxide) and 100 million tonnes (at 810 ppm TREO). A scoping study is currently underway for Block 3, with results expected in the coming weeks. More broadly, near-term exploration efforts are expected to focus on the Block 3 resource, the Masson discovery, and the newly identified Corporate James gold trend.
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