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Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Cassini | |
| Location: | Australia | |
| Commodities: | Nickel | |
| Date: | 6/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-6-2020: Mincor Resources NL announces a Resource Estimation report for its Cassini deposit at the Kambalda project. Updated Mineral Resource Estimate for Project. Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to announce a furthe | |
| Resources: | (Resources, I+I): 1.476Mt @ 4.0% Ni at Cassini | |
| CP/QP: | [Resource] Dean Will (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to announce a further significant increase in the Mineral Resource Estimate (MRE) for its Cassini nickel sulphide deposit in the Kambalda District of Western Australia with successful drilling programs completed this year underpinning a 16% increase in contained nickel to 58,700 tonnes. The latest increase, which represents the fourth successive increase since the maiden Cassini Resource was announced in August 2018, follows the completion of an in-fill drilling program focussed on the Inferred category of the Mineral Resource. Pleasingly, the majority of the Inferred category has been upgraded to Indicated in the updated MRE, with recent drilling continuing to demonstrate the continuity and high-grade nature of the Cassini deposit which remains open down-plunge while also offering substantial exploration upside in parallel channels in the Cassini North area. Mincor’s Managing Director, David Southam, said the latest resource increase marked yet another milestone in the evolution of the Cassini deposit, which was continuing to emerge as one of the most significant high-grade discoveries in the Kambalda district. | |
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