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Mincor Resources NL
Summary
| Project: | Kambalda | |
|---|---|---|
| Deposit: | Flinders, West Oliver | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2016: Mincor Resources NL announces an Exploration/Drilling Update report for its Flinders, West Oliver deposit at the Kambalda project. Drilling results incl. 7m @ 23.07g/t Au from 7m at Flinders. Mincor Resources NL (ASX: MCR) is pleased to advise | |
| Resources: | (Resource, Total): 4.151Mt @ 1.8g/t Au for 238640oz Au contained | |
| CP/QP: | [Overall Report]: Rob Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR) is pleased to advise that initial results from its recently completed gold drilling program in the Widgiemooltha area of Western Australia have confirmed existing resource models at two deposits and highlighted the potential for new discoveries in this under-explored district. The Company has completed its gold drilling program on budget and ahead of schedule. The program comprised 4,855 metres of reverse circulation (RC) drilling in 144 holes, and 309 metres of diamond drilling in 7 holes. The program was designed to confirm Mincor’s gold resources in the Widgiemooltha area, and to upgrade in-pit Inferred Resources to Indicated status, as well as to test for possible extensions to the gold mineralisation and obtain samples for metallurgical testwork. Drilling has been completed at all five of Mincor’s resource-level projects near Widgiemooltha, which together contain an estimated 177,080 ounces of gold in Indicated and Inferred Mineral Resources (Figure 1). Complete assay results have been received for the Flinders Project, and about half the assay results for the West Oliver Project. The results include numerous high-quality intersections and, pending the integration of these results into the existing dataset and remodelling of the resources, Mincor expect that the results will underpin the existing resource interpretations. | |
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