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Nimy Resources Unveils High-Grade Gallium Results at Block 3

Story Highlights
  • Nimy Resources completed a successful drilling program at Block 3, revealing high-grade gallium.
  • The results indicate potential for broader exploration, including base metal deposits.
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Nimy Resources Unveils High-Grade Gallium Results at Block 3

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Nimy Resources Limited ( (AU:NIM) ) has shared an announcement.

Nimy Resources Limited has announced the completion of its reverse circulation drilling program at the Block 3 gallium prospect in Western Australia, revealing high-grade gallium mineralization. The drilling campaign, which included 25 holes over 5,944 meters, successfully intersected high-grade gallium intervals, with mineralization open along strike and at depth. The results, which include significant gallium assays, position Nimy Resources to complete a maiden resource estimate in the coming quarter. The findings also suggest potential for volcanogenic-hosted massive sulphide base metal deposits, indicating broader exploration opportunities for the company.

More about Nimy Resources Limited

Nimy Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of gallium and other associated rare earth elements, with a significant project located in Western Australia.

Average Trading Volume: 1,271,562

Technical Sentiment Signal: Buy

For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.

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