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Mincor Resources NL
Summary
| Project: | Tottenham | |
|---|---|---|
| Deposit: | Tottenham | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver-Zinc | |
| Date: | 9/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-9-2017: Mincor Resources NL announces an Exploration/Drilling Update report for its Tottenham deposit at the Tottenham project. Drilling results incl. 14m @ 1.35% Cu, 0.79g/t Au, 0.15% Zn, 6.1g/t Ag from 149m. Mincor Resources NL (ASX: MCR) is pleased | |
| Resources: | (Resource, I+I): 6.932Mt @ 1.23% Cu for 85360t Cu contained at project | |
| CP/QP: | [Overall Report]: Robert Hartley (Internal) | |
| ABSTRACT: | Mincor Resources NL (ASX: MCR) is pleased to advise that an initial drilling campaign undertaken by its earn-in partner, Bacchus, at the 100%-owned Tottenham Copper-Gold Project in New South Wales has returned a number of broad and high-grade drill results, demonstrating potential upside to the existing Mineral Resource and improving the level of geological understanding of the deposit. Tottenham is a historical copper mining camp and is hosted within a Volcanogenic Massive Sulphide (“VMS”) setting, enriched in copper, gold, zinc and silver metals. The geological setting is directly analogous to the Tritton Mine Camp (1 million tonnes of contained copper), located 120 km to the north (Figure 1A) owned by Aeris Resources. Production from the Tritton Mine Camp has been from both open pit and underground mines, with the ores processed utilising either heap leach methods or via a concentrator. Bacchus had completed the first phase of an agreed exploration program which included both reverse circulation (“RC”) drilling at the Orange Plains Prospect and an electromagnetic survey conducted within EL 8384. A total of 15 RC drill-holes (for 2,100 m) were drilled to test the periphery and extension of the Orange Plains Mineral Resource, with one hole completed to test a magnetic feature just north of the prospect. Solid mineralised intersections were returned in holes TPRC076, TPRC083, TPRC086 and TPRC087, comprising mainly of banded pyrite and chalcopyrite with negligible massive sulphides. The banded sulphide mineralisation is the main form of mineralisation at the Tritton orebodies and is difficult to detect in electromagnetic geophysical surveys which are designed to detect large massive sulphide bodies. | |
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