Chalice Mining Presents Further High-Grade Julimar Zones

THE DRILL SERGEANT: Chalice Mining (ASX: CHN) has continued to identify zones of high-grade at the company’s 100 per cent-owned Julimar nickel-copper-platinum group element (PGE) project in Western Australia.

Chalice Mining reported the receipt of further high-grade results from an ongoing step-out and resource definition drill program underway at the Gonneville Intrusion.

Seven rigs (three reverse circulation (RC) and four diamond) are continuing the approx. 160,000 metres step-out and resource definition drill program at the Gonneville Intrusion with over 120,000m of drilling completed to date providing a swag of yet to be received assay results.

In addition to the ongoing infill drilling, Chalice is currently conducting initial wide-spaced RC drilling targeting the extension of the high-grade G4 and G11 zones to the north-east.

Drilling at the Hartog Target is anticipated to commence in late Q3 2021, subject to access approval.

The company indicated it already has a comprehensive work program approved for Julimar in FY22, encompassing exploration, resource definition, environmental baselining and studies.

“Resource drilling at Gonneville continues at a rapid pace, with predominantly infill drilling continuing to confirm a robust, major PGE-nickel-copper-cobalt-gold deposit,” Chalice Mining managing director Alex Dorsch said in the company’s ASX announcement.

“These latest results confirm continuous zones of high-grade sulphide mineralisation, as well as a large oxide / disseminated sulphide footprint.

“We continue to see impressive zones of shallow palladium-copper-gold mineralisation along the eastern footwall contact of the intrusion, with these zones remaining open to the north-east.

“Step-out drilling is continuing to test the extent of the Gonneville Intrusion in this direction.

“Our understanding of the geology and metallogenesis of the deposit continues to improve as we gather more data.

“Concurrently with the seven-rig resource drill-out, we are also progressing a comprehensive metallurgical testwork program on both the sulphide and oxide mineralisation at Gonneville.

“The core Chalice study team has now been assembled and several other preliminary studies are underway to guide the scoping and feasibility stages of the project.

“We continue to work closely with the relevant State Government departments regarding access to the Julimar State Forest for initial drill testing to the north of Gonneville, with initial wide-spaced drilling anticipated to commence at Hartog in late Q3 2021, subject to access approval.”