Chalice Mining (ASX:CHN) has identified two new Ni-Cu-PGE targets at Venture Minerals' South West project which have been infilled sampled with Auger Soil Geochemistry with results still pending.
The company says the new target extends and better defines the previously identified targets.
The South West Project is a joint venture between Chalice Mining (51%) and Venture Minerals (ASX:VMX) (49%) with Chalice looking to earn a further 19% interest through an additional $2.5M of expenditure by July 2024.
Chalice Mining says its work continues to enhance the prospectivity of the South West Project, and the results of it provide further encouragement for defining additional magmatic Ni-Cu-PGE sulphide targets.