Nimy Resources has identified a significant copper-zinc-gold anomaly at its Sneaky Squirrel Gossan Prospect within the Mons Project, Western Australia, hinting at a potential volcanogenic massive sulphide deposit similar to Golden Grove.
- Large copper-zinc-gold anomaly discovered at Sneaky Squirrel Gossan Prospect
- Rock chip samples and drilling confirm mineralisation analogous to Golden Grove VMS deposit
- Mineralisation extends along 93m strike and continues at depth within a magnetic zone
- Mons Project also hosts high-grade gallium discovery with maiden resource imminent
- Exploration advances position Nimy as a potential critical metals supplier
Discovery Highlights
Nimy Resources (ASX – NIM) has announced a compelling new copper-zinc-gold anomaly at its Sneaky Squirrel Gossan Prospect, part of the expansive Mons Project in Western Australia. The discovery is marked by extensive outcropping mineralisation containing copper, zinc, gold, lead, molybdenum, and bismuth, with rock chip samples returning notably high values including copper up to 1099ppm and gold up to 0.82g/t. This geochemical signature closely resembles the Gossan Hill VMS deposit at the world-renowned Golden Grove mine, located some 200 kilometres to the northwest.
Drilling Confirms Depth Continuity
Reverse circulation drilling beneath the surface anomaly has intersected broad zones of copper and zinc mineralisation, with a higher-grade core of sulphide mineralisation consistent with the orientation of the surface gossan. The drilling results reveal mineralisation extending to depths of over 180 metres, within a highly magnetic zone that mirrors the geological setting of Golden Grove’s volcanogenic massive sulphide (VMS) deposits. This continuity at depth is a promising indicator of a potentially significant copper-zinc-gold system.
Strategic Positioning in Critical Metals
Alongside the Sneaky Squirrel discovery, Nimy Resources is advancing its Block 3 gallium prospect, where a maiden JORC resource is expected in the coming quarter. Gallium is a critical metal with growing demand in advanced technologies, and Nimy’s dual focus on base metals and critical metals positions the company strategically within the evolving resource landscape. Managing Director Luke Hampson emphasised the validation of Sneaky Squirrel as a serious VMS target and highlighted the broader potential of the Mons Project greenstone belt for copper mineralisation.
Regional Exploration Potential
The Mons Project covers a substantial greenstone belt with multiple prospects, including Masson and Vera’s Gossan, which collectively suggest a fertile environment for base metal discoveries. The company’s collaboration with CSIRO to better understand the lithology and mineralisation types further underscores the scientific rigour behind its exploration strategy. Historic drilling and geophysical data complement recent findings, reinforcing the prospectivity of the Mons Belt as a new frontier for base metals and gold in Western Australia.
Next Steps and Market Implications
While the current mineralisation grades at Sneaky Squirrel are modest, the geological analogies to Golden Grove and the continuity of mineralisation at depth warrant further drilling and assay work. Pending results from additional sampling along strike and the forthcoming gallium resource estimate will be critical in defining the economic potential of these discoveries. Nimy Resources’ progress in these areas will be closely watched by investors seeking exposure to critical and base metals in a stable jurisdiction.
Bottom Line?
Nimy’s Sneaky Squirrel discovery and advancing gallium resource set the stage for a pivotal growth phase in critical and base metals exploration.
Questions in the middle?
- How will upcoming assay results along the Sneaky Squirrel strike influence resource potential?
- What are the timelines and expectations for the maiden JORC gallium resource at Block 3?
- Could the Mons Project emerge as a significant new VMS district comparable to Golden Grove?