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Mincor Resources NL
Summary
| Project: | Widgiemooltha | |
|---|---|---|
| Deposit: | Flinders, Flinders West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 28-8-2017: Mincor Resources NL announces an Exploration/Drilling Update report for its Flinders, Flinders West deposit at the Widgiemooltha project. Drilling results incl. 16m @ 4.4g/t Au from 35m. Mincor Resources NL (ASX: MCR) is pleased to announce add | |
| Resources: | (Reserve, Total): 823590t @ 2.7g/t Au for 72580oz Au contained at project | |
| CP/QP: | [Overall Report]: Robert Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR) is pleased to announce additional strong drilling results which highlight the potential to grow the Company’s gold inventory and planned production at its Widgiemooltha Gold Project in WA (see Appendix 1). The results from the Flinders West prospect at Widgiemooltha (Figures 1 to 3) follow previous strong results from the Flinders West, West Oliver and Flinders F04 prospects (see Mincor’s ASX announcements of 7 August 2017 and 28 June 2017). These results show the growing importance of the Flinders area in what is a highly-mineralised section of the Widgiemooltha Fault corridor. The Resource potential and opportunity for extensional growth can be demonstrated to the north of Flinders–Flinders West to Nottingham Castle some 350 metres apart. These prospects are connected by a highly prospective fault corridor that is now much wider than first interpreted. Only two sections have been drilled between the prospects, both of which returned highly encouraging results. To thoroughly test and determine the true scale of this highly-mineralised area, Mincor will undertake an extensive 4,000 to 5,000-metre RC drill program. The program will infill the area between the main Flinders orebody and Flinders West. In this area, limited drilling has returned several intersections that are potentially economic but are yet to be captured in the Resource models. Extensional drill section lines are also planned to test the strike extents of the prospective corridor north towards Nottingham Castle (Figures 2). | |
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