For thousands of other reports visit RSC's Mineral Intellingence Map
Mincor Resources NL
Summary
| Project: | Widgiemooltha | |
|---|---|---|
| Deposit: | Flinders West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 7-8-2017: Mincor Resources NL announces an Exploration/Drilling Update report for its Flinders West deposit at the Widgiemooltha project. Drilling results incl. 18.0m @ 1.37g/t Au from 30.0m. Mincor Resources NL (ASX: MCR) is pleased to advise that the re | |
| 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 advise that the recently discovered Flinders West Prospect, part of its 100%-owned Widgiemooltha Gold Project in WA, is continuing to grow in importance with strong results received from follow-up resource drilling. At the same time, recent drilling has significantly expanded the potential of this lightly-drilled area, opening up a significant new corridor extending to the north. The Resource definition results reported today (full results in Appendix), coupled with the previously reported June results (see ASX announcement dated 28 June 2017), continue to support the widths of mineralisation outlined in previous interpretations but generally with higher grades. Importantly, the mineralisation remains open both along strike and down-dip. The Company utilised a trackmounted reverse circulation (RC) grade control rig to overcome the historical access issues in the northern third of the Flinders West Prospect. The quality, grade and strength of the intersections being generated from Flinders West demonstrate the potential to deliver significant additions to the Widgiemooltha Resource inventory from this area, potentially upgrading the economics around this deposit. Resource modelling and mining studies for Flinders West are targeted to be completed in the September 2017 Quarter. If these studies confirm the presence of high-quality Reserves at Flinders West, the deposit could be mined early in the schedule to improve early cash-flows and minimise the working capital requirements of the Widgiemooltha Gold Project | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report