- Mincor Resources (MCR) gets results of up to 8.6 per cent nickel from underground drilling at its Northern Operations at Kambalda in WA
- Drilling is targeting the recently-discovered LN04a nickel surface in the Golden Mile zone, situated between Mincor’s Long and Durkin North mines
- The company says the results confirm the “outstanding exploration potential” between the Long and Durkin North operations and highlight the potential to expand the zone
- Drilling will continue, and an initial mineral resource estimate is planned for July this year
- Company shares are down 0.84 per cent to trade at $2.37 at 12:53 pm AEST
Mincor Resources (MCR) has reported more “significant” results from underground drilling at its Northern Operations in Kambalda, Western Australia.
Drilling is targeting a recently-discovered nickel surface in the highly prospective “Golden Mile” zone, nested between Mincor’s Long and Durkin North mines which make up the Northern Operations.
In late March, the company discovered the LN04a nickel surface, which sits immediately along strike from the Long nickel mine at Kambalda.
Now, the latest results have provided further confidence that the LN04a continues and remains open along strike and up-dip.
Some of the best new results include 3.7 metres at 8.6 per cent nickel, 3.7 metres at 6.8 per cent nickel, and five metres at 4.5 per cent nickel.
These nickel results confirm the strike and dip extents of the new surface of 550 metres and 150 metres, respectively, and potentially allow for further expansion.
Mincor Managing Director David Southam said the early success at Golden Mile confirmed Mincor’s belief in the “outstanding exploration potential” between the Long and Durkin North operations.
“The Golden Mile exploration is continuing to gather serious momentum, with the latest round of drilling into the LNO4a surface not only confirming our original interpretation but also highlighting the potential to expand the surface,” Mr Southam said.
Mincor Resources will continue the underground drilling program for the rest of the year, and an initial mineral resource estimate is planned to be released by July.
Company shares were down 0.84 per cent to trade at $2.37 at 12:53 pm AEST.