Chalice Gold Mines makes nickel-palladium discovery at Julimar
"Chalice managing director Alex Dorsch said the intersection of significant broad zones of palladium was a “surprising result” that highlighted the metal-rich nature of the Gonneville intrusive and its “potential to deliver a discovery of considerable scale”.
“While the broad palladium intervals point to a large-scale [platinum group elements] discovery, our focus remains on defining high-grade zones of mineralisation which, according to the geological analogues such as Jinchuan in China and Kabanga in Tanzania, could be found at depth below the disseminated sulphide zones,” he said.
An RC and diamond rig are continuing to drill high-priority electromagnetic targets that are being generated by downhole electromagnetic (DHEM) surveys, Chalice reported.
“The discovery at Julimar has demonstrated that this region is a new [nickel-copper-platinum group elements] province and regional activities are also now being planned,” Mr Dorsch said.
“Chalice remains in an enviable position, with the funding to continue our systematic exploration programs through the current challenging market conditions,” he added.
While all platinum-palladium assays have been received for the six RC drill holes, assays for base metals are yet to be received for several holes.
Assays for other platinum group elements including ruthenium, rhodium, osmium and iridium are also pending, Chalice said.
