Chalice pushes back resource as Julimar grows

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews).
23rd April 2021
Resources Rising Stars

Chalice Mining’s Julimar nickel-copper-platinum group element project outside Perth continues to get bigger (reports MiningNews).

The company received 165 high-grade intersections from the seven-rig drill-out of the Gonneville Intrusion, which is now about 1.8km long by 900m wide.

The drilling expanded the G4-G11 zones to the north-east and the G1-G2 zones down-dip.

G4 is now 1250m long with up to 600m of dip extent, while G11 is 1200m long with up to 300m of dip extent. Both are open to the north and down-dip.

New high-grade results from G4 and G11 included 13m at 4.7 grams per tonne palladium, 1gpt platinum, 0.4gpt gold, 0.2% nickel, 2.2% copper and 0.02% cobalt from 144m; 12m at 2.6gpt palladium, 1.4gpt platinum, 0.8gpt gold, 0.2% nickel, 0.9% copper and 0.01% cobalt from 138m; and 45m at 1.7gpt palladium, 0.6gpt platinum, 0.2gpt gold, 0.1% nickel, 0.1% copper and 0.01% cobalt from 216m.

The G1 and G2 zones returned 13.4m at 6.3gpt, 1.1gpt platinum, 1.3% nickel, 0.7% copper and 0.07% cobalt from 405.7m.

A hit of 5m at 2.5gpt palladium, 0.9gpt platinum, 0.1gpt gold, 0.2% nickel, 0.2% copper and 0.02% cobalt from 67m in a new zone.

Assays are pending for a further 94 holes.

Chalice had previously planned to release an initial resource estimate by mid-year, but given the growth in the mineralised footprint, has pushed back that timeline to late in the September quarter.

"Even after 87,000m over more than 13 months of continuous drilling, we continue to expand of the footprint of our major Julimar discovery; a quite remarkable result that demonstrates the potential world-class nature of the discovery," Chalice managing director Alex Dorsch said.

"The new intersections at the north-east extension of Gonneville are promising, as the previously identified discrete pods of high-grade mineralisation appear to be associated with a newly identified pyroxenite host unit. This new ultramafic unit appears to continue further to the north-east, and the recently secured property acquisitions will allow us to test this potential shortly.

"Given the continued expansion of the Gonneville deposit, in particular the growth of the high-grade zones, the quantum of drilling required to define the maiden Mineral Resource is likely to grow."

Read more at https://www.miningnews.net/resource-definition/news/1408762/chalice-pushes-back-resource-as-julimar-grows

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