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Mincor Resources NL

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Summary

Project:

Kambalda

Deposit:Cassini
Location:Australia
Commodities:Nickel-Copper-Cobalt
Date:10/18/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:18-10-2019: Mincor Resources NL announces an Exploration/Drilling Update report for its Cassini deposit at the Kambalda project. Drilling results incl. 12.33m @ 5.09% Ni, 0.49% Cu, 0.10% Co from 663m. Mincor Resources NL (ASX: MCR, “Mincor” or the “Compan
Resources:(Resource, I+I): 0.985Mt @ 3.8% Ni at Cassini
CP/QP:[Overall Report]: Rob Hartley (Internal)
ABSTRACT:Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to advise that it is on track to update the Mineral Resource for the Cassini nickel sulphide deposit by early next month after ongoing diamond drilling returned another exceptional high-grade, high-value nickel intercept of 12.3m at 5.1% Ni including a massive and matrix sulphide high-grade core of 9.7m @ 6.0% Ni (see Figure 1). The intersection is part of the previously announced drilling program being completed over a six-week period before moving to the CS1 channel and the untested magnetic anomaly (see Figure 2). The parent hole, MDD334, was originally designed as a platform for a down-hole electromagnetic (DHEM) survey to be undertaken to evaluate the potential for down-plunge extensions of the Cassini deposit. However, given the high-grade nature of the new intercept, a DHEM survey is no longer required given the remarkable level of continuity being experienced.

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