Chalice Mining advances maiden resource
Chalice Mining said today its step-out and resource definition drilling at the ~1.6km x >0.8km Gonneville Intrusion continues to expand the Julimar PGE-Ni-Cu-Co-Au discovery.
The Julimar Nickel-Copper-PGE Project was staked in early 2018 and is located ~70km north-east of Perth on private farmland and State Forest.
The company said high-grade G1-G5 zones extended and six new high-grade PGE +/- Ni-Cu-Co-Au zones (G6-G11)
defined over the quarter.
Some drill highlights include the following:
- 50m @ 1.8g/t Pd, 0.5g/t Pt, 0.9g/t Au, 0.2% Ni, 1.1% Cu, 0.02% Co from 112m (JRC089, G4).
39m @ 3.8g/t
- Pd, 0.6g/t Pt, 0.3% Ni, 0.2% Cu, 0.02% Co from 290m (JD023, G1-G2).
Chalice’s Managing Director, Alex Dorsch, said: “The significant achievements of the December quarter capped what was an extraordinary year for Chalice in 2020. We continued to enjoy drilling success at Julimar, allowing us to substantially expand the high-grade footprint of the Gonneville discovery, completed a strongly supported $115 million capital raising, and secured access to explore major new targets along strike to the north of Gonneville.
“With six rigs drilling currently and more rigs mobilising shortly, we are on track to meet our mid-2021 guidance for a maiden Mineral Resource for Gonneville and continue to prioritise the growth of the highgrade mineralised zones with step-out drilling.