Chalice Mining Defines New Julimar Gold Zones

THE DRILL SERGEANT: Chalice Mining (ASX: CHN) is conducting exploration activities at the company’s 100 per cent-owned Julimar nickel-copper-Platinum Group Element (PGE) project, north-east of Perth in Western Australia.

The company currently has six rigs (three Reverse Circulation (RC) and three diamond) drilling a 160,000m step-out and resource definition drill program at the Gonneville Intrusion.

This is happening at the same time as reconnaissance soil sampling and Moving Loop EM programs in the Julimar State Forest to the north.

Drilling has extended the high-grade G1-G4 Zones and four new internal high-grade PGE +/- nickel-copper-cobalt-gold zones have now been defined (G8-G11).

New high-grade drill intersections (>1g/t Pd cut-off grade) include:

JD023: G1 & G2
39 metres at 3.8g/t palladium, 0.6g/t platinum, 0.3 per cent nickel, 0.2 per cent copper, 0.02 per cent cobalt from 290m, including 2m at 14.9g/t palladium, 0.02g/t platinum, 0.04 per cent nickel, 0.2 per cent copper, 0.04 per cent cobalt; and

JD019: G4
4.5m at 7.1g/t palladium, 1.4g/t platinum, 0.9 per cent nickel, 0.5 per cent copper, 0.06 per cent cobalt and 34.5m at 2.8g/t palladium, 0.7g/t platinum, 0.4g/t gold, 0.2 per cent nickel, 1.9 per cent copper, 0.02 per cent cobalt from 139.8m.

“We’ve started the New Year with strong momentum on several fronts, with drilling at our major Julimar discovery continuing to expand the high-grade footprint of the deposit and initial on-ground activities underway to test the exciting new EM targets along strike to the north,” Chalice Mining managing director Alex Dorsch said in the company’s ASX announcement.

“Drilling within the Gonneville deposit continues to deliver outstanding results and once again, we are seeing a diverse range of mineralisation styles, reflecting the sulphide-rich nature of the Gonneville Intrusion.

“We have now defined four new high-grade zones (G8-G11), each returning significant wide and highgrade intersections, which is very promising.

“Given the shallow nature of these zones, we expect that they may benefit future project economics.

“Meanwhile, drilling into the eastern contact of the intrusion, targeting the G4 and G11 zones, has produced some interesting results, encountering discrete pods of high-grade mineralisation interpreted as being associated with potential lows in the basal contact of the intrusion, where sulphides have deposited within the magma flow.

“Initial activities in the Julimar State Forest have commenced, and we are eagerly anticipating first results from that work over the coming weeks.

“The initial activities will determine the potential for Julimar to be a multi-deposit, world-class mineral province if our previously identified airborne EM anomalies develop into additional discoveries beyond Gonneville.

“With six rigs drilling and more rigs joining 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 high-grade mineralised zones with step-out drilling.

“We have also commenced initial resource and pit-shell modelling, which is guiding our drill pattern.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@chalicemining.com

 

Web: www.chalicemining.com