Chalice Mining Limited (ASX: CHN) has provided an update on the exploration activities at its 100% owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located approx. 70 Km north-east of Perth in WA.
The Company highlighted that exploration events are ongoing across more than 30 km long Julimar Complex. Presently, four diamond drill rigs are drilling across the 10 km long Hartog-Baudin strike length. At the same time, two rigs are continuing resource definition drilling at the Gonneville PGE-Ni-Cu-Co-Au Deposit – current Resource of 350Mt @ 0.96g/t 3E, 0.16% Ni, 0.10% Cu, 0.015% Co.
Constant PGE-Ni-Cu-Co sulphide mineralisation met in all 10 holes assayed to date into the Hooley-Dampier prospects. At Hooley-Dampier prospects, three rigs testing this trend. CHN pointed out that seismic/EM will be used to vector towards high-grade zones.
Other than this, the Company highlighted that large nickel sulphide endowment at the Project increased significantly subsequent the passing of the US Inflation Reduction Act bill.
At AEDT 11:39 AM, CHN shares are trading at AU$4.275, up 7.682% on ASX
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