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Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Cassini | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 9/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-9-2019: Mincor Resources NL announces an Exploration/Drilling Update report for its Cassini deposit at the Kambalda project. Drilling results incl. 15.41m @ 4.66% Ni, 0.45% Cu, 0.08% Co from 599.39m. Mincor Resources NL (ASX: MCR, “Mincor” or the “Comp | |
| 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 ongoing diamond drilling at the Cassini nickel sulphide deposit at Kambalda has returned another exceptional high-grade nickel intercept which yielded 15.4m at 4.7% Ni including a massive sulphide high grade core of 8.6m @ 7.0% 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). Mincor’s Managing Director, David Southam, said the Cassini deposit was continuing to yield impressive high-grade, high-tenor nickel intercepts with ongoing drilling, clearly demonstrating its potential as a cornerstone deposit for the Company’s nickel restart plans. “The estimated true width of this latest intersection at 13.2 metres means this is the highest value intercept that Cassini has delivered so far – a fantastic achievement by our exploration team,” he said. “The deposit continues to evolve and grow with recent diamond drilling highlighting the thickness and high grade nature of the mineralisation in the CS5 channel, which was only identified relatively recently,” he said. “Pleasingly, today’s result is 73m along strike from MDD329W2, which yielded 6.3m at 7.1% nickel. This shows the potential for Cassini to continue to grow as drilling continues to track the key nickel-hosting channels down-plunge, typical of all Kambalda komatiite-hosted nickel sulphide deposits.” | |
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