Chalice Mining releases update on Julimar nickel-copper-PGE project

Exploration activities are continuing across the >30 km long Julimar Complex, with four diamond drill rigs currently drilling across the 10 km long Hartog-Baudin strike length and two rigs continuing resource definition drilling at the Gonneville PGE-Ni-Cu-Co-Au Deposit — current Resource of 350 million t @ 0.96g/t 3E, 0.16% Ni, 0.10% Cu, 0.015% Co (around 0.58% NiEq or approximately 1.8g/t PdEq).

Drilling to date supports the interpretation of the Gonneville Intrusion (and Julimar mafic-ultramafic Complex) as having a rare chonolith-like geometry, which is similar to other major ultramafic-mafic orthomagmatic systems worldwide that host significant nickel-copper+/-PGE deposits, including Norilsk-Talnakh, Kabanga and Jinchuan.

Chalice recently made an important breakthrough in exploration at the project, with the previously elusive northern extension of the Gonneville Intrusion interpreted at depth in an effective 2D seismic survey.

Previous drilling in this area (at the Hartog prospect) had failed to intersect the prospective maficultramafic horizon, which drilling has now confirmed to be faulted around 650 m to the west-north-west. This new Hartog segment of the Julimar Complex can now be targeted with follow-up drilling, providing a substantial pathway for growth in the resource, which remains open along strike and at depth.

Read the article online at: https://www.globalminingreview.com/exploration-development/24102022/chalice-mining-releases-update-on-julimar-nickel-copper-pge-project/