Chalice Mining has defined four additional high-grade zones at the Julimar project in Western Australia.
The company’s G1 to G4 zones at the Gonneville Intrusion have been extended, while four new high grade platinum group elements (PGE)-nickel-copper-cobalt-gold zones have been identified in the G8 to G11 zones.
Chalice managing director Alex Dorsch said the zones are expected to benefit the project’s future.
“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 electromagnetic (EM) targets along strike to the north,” he said.
“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 to G11), each returning significant wide and high- grade intersections, which is very promising.
“Given the shallow nature of these zones, we expect that they may benefit future project economics.”
The newly defined G11 zone includes assays of 11 metres at 13 grams of palladium per tonne, 1.3 grams of platinum per tonne, 0.3 grams of gold per tonne, 0.1 per cent nickel, 0.1 per cent copper and 0.01 per cent cobalt from 78 metres, including 1 metre at 118 grams per tonne of palladium 8 grams per tonne of platinum, 2.7 grams per tonne of gold, 0.2 per cent Nickel and 0.1 per cent copper.
The G1 and G2 zones, which merge at depth included assays of 39 metres at 3.8 grams per tonne of palladium, 0.6 grams per tonne of platinum, 0.3 per cent nickel, 0.2 per cent copper and 0.02 per cent cobalt from 290 metres.
Chalice has completed 40 diamond drill holes and 167 reverse circulation (RC) drill holes at the Julimar project to date, with assays from 28 diamond and 134 RC holes.
The company has currently deployed six RC drill rigs and three diamond drill rigs for the company’s 160,000 metre step-out and resource definition drill program at the Gonneville intrusion.
Dorsch said the company is on track to meet its guidance, and is expecting first results from its initial activities at the Julimar State Forest.
“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,” he said.