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Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Cassini | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-3-2020: Mincor Resources NL announces an Exploration/Drilling Update report for its Cassini deposit at the Kambalda project. Drilling results incl. 8.2m @ 7.63% Ni, 0.30% Cu, 0.12% Co from 680.14m. Mincor Resources NL (ASX: MCR, “Mincor” or the “Compan | |
| Resources: | (Resource, I+I): 1.254Mt @ 4.0% Ni at Cassini | |
| CP/QP: | [Overall Report]: Robert Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to report significant new drilling results from its Cassini Nickel Project in the Kambalda region of Western Australia, where infill drilling of the Inferred section of the Mineral Resource is making excellent progress and initial drilling at the Cassini North prospect has delivered exciting results. Cassini Main Following the results outlined in the December 2019 Quarterly Report and the outstanding intersection reported on 6 January 2020 (17.6m @ 5.0% Ni), two further drill holes were completed on the 6491350mN section. One of the holes (MDD338W1B) intersected the CS5 contact returning a strong intercept of 3.4m @ 3.2% Ni as well as a hanging wall intercept of 2.2m @ 11.1% Ni. At this stage it is not known if this hanging wall intercept is an extension of an existing mineralised surface or the start of an entirely new surface. While further holes are planned on this section, in order to increase confidence in the Inferred section of the Mineral Resource (and potentially convert it to the Indicated category), the rig was repositioned to drill an infill section, with the first hole (MDD341) returning an outstanding intercept of 8.2m @ 7.6% Ni (estimated true width 4.7m). | |
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