Nimy Extends Mons Gold Trend As Drilling Begins
Closing price · 2026-10-27: $0.032 · -5.88%
Nimy Resources has defined a third major gold-in-soil anomaly at Corporate James East, extending a trend that already includes Corporate James and Corporate James South; the new anomaly remains open to the east. Drilling at Corporate James began in mid-October, while ground electromagnetic surveys are underway across several Mons targets. Early Block 3 testwork reported gallium extraction of approximately 84% and rare earth element extraction of 80–95%; cash at quarter-end was approximately $2 million.