Chalice Gold Mines has reported significant drilling results at its 100% owned Julimar nickel-copper-platinum group metals project 70 kilometers (km) northeast of Perth, Western Australia. On April 15, the company reported that reverse circulation drilling intersected a significant new, wide, shallow, high-grade palladium-nickel-copper zone about 60 meters (m) east of the discovery hole at the project.

Intercepts included 19 m grading 8.4 grams per metric ton (g/mt) palladium, 1.1 g/mt platinum, 2.6% nickel, 1% copper, and 0.14% cobalt from 48 m down hole.

Subsequently, Chalice reported that its second diamond drill on the project had intersected both massive and matrix sulphides over significant intervals.

Commenting on the discovery, Chalice Managing Director Alex Dorsch said, “Activities at Julimar have ramped up significantly since our outstanding discovery hole, and the new exciting results confirm that we appear to have a very large palladium-nickel discovery on our hands, with associated platinum, copper and cobalt. We have defined what appears to be a new parallel high-grade palladium-nickel-copper zone to the east of the discovery intercept that remains wide open and appears to have significant strike potential.

“In addition, assays received to date have confirmed that all of our drill holes have intersected significant broad zones of palladium — a surprising result that highlights the metal-rich nature of the intrusive and its potential to deliver a discovery of considerable scale.

“The discovery at Julimar has demonstrated that this region is a new nickel-copper-platinum group element province, and regional activities are also now being planned. Chalice remains in an enviable position, with the funding to continue our systematic exploration programs through the current challenging market conditions.”

(chalilcegold.com)