Join our daily newsletter At The Bell to receive exclusive market insights
- Mincor Resources (MCR) records its third-largest massive high-grade sulphide nickel intersection at Long and Durkin North mines
- The intersection was found in hole ULG-21-022 in the 1.1-kilometre zone between the mines in Western Australia
- Managing Director David Southam says he could not have asked for a better start to the FY22 drilling program
- Mincor closed up 1.63 per cent at $1.25 per share on August 2
Mincor Resources (MCR) has recorded its third-largest high-grade sulphide nickel intersection at Long and Durkin North mines in Western Australia.
A major drilling program is currently under way along 1.1 kilometres of untested strike known as the “Golden Mile”.
In July, the company saw its first massive intercept at the project. The intersection was found in hole ULG-21-022 in the 1.1-kilometre zone between Long and Durkin.
The newest intercept is 35 metres down dip from the first intersection.
Managing Director David Southam said he could not have asked for a better start to the FY22 drilling program on Golden Mile with the first five underground drill holes intersecting high-grade massive sulphides.
“While the program is still in its infancy, we are very excited by the results we have seen so far. This represents a fantastic hit rate considering the systematic nature of the drill plan in the early stages of the program,” he said.
“With the establishment of permanent loop infrastructure on surface for down-hole electromagnetics almost complete, we will be able to apply the latest technology to improve our understanding of this significant search space to facilitate targeted follow-up drilling.”
“The fact that we are achieving such significant exploration success so
early in the program is really exciting.”
Mincor closed up 1.63 per cent at $1.25 per share on August 2.
