Chalice Gold Mines Limited’s (ASX: CHN | OTCQB: CGMLF) second diamond drill hole at its 100%-owned Julimar Nickel-Copper-PGE Project near Perth in Western Australia, has intersected both massive and matrix sulphides over significant intervals.
The second diamond drill hole (JD002) at the Gonneville Intrusive (located at the southern end of the ~26km long Julimar Intrusive Complex) was drilled as a ‘scissor hole’ of JD001, designed to intersect the high-grade Ni-Cu-PGE zone intersected in the discovery hole JRC001, which returned 19m @ 8.4g/t Pd, 1.1g/t Pt, 2.6% Ni, 1.0% Cu and 0.14% Co from 48m in massive and matrix sulphides.
Managing Director, Alex Dorsch, said hole JD002 was designed to drill at a low angle to the interpreted dip of the mineralised zone to determine the accuracy of DHEM modelling and to confirm the previous geological interpretation.
Strongly mineralised massive and matrix sulphide mineralisation was intersected in JD002 from the base of complete oxidation at 34.9m to 101m downhole, confirming the interpretation of a westerly dipping zone.
Mr Dorsch said the new diamond drill core provides valuable preliminary mineralogy and will be utilised for further mineralogy and petrographic analysis, as well as potentially preliminary metallurgical testwork.
He said the RC rig will continue to step-out around known zones of mineralisation and the diamond rig will continue to test key DHEM targets, including a recently identified off-hole conductor on JRC004 that is interpreted to be sourced from massive sulphides.
“DHEM will continue to be critical in identifying potential targets for follow-up drilling and will be completed on all holes,” Mr Dorsch said.
