- Mincor Resources (MCR) hits its best intersections to date from drilling between its Long and Durkin North mines in WA, known as the “Golden Mile”
- Two new high-grade massive sulphide intersections were reported, including 8.1 metres at 4.2 per cent nickel
- This marks a total of five high-grade intercepts to date from this emerging position
- The company says these results bode well for significant new discoveries, with further drilling planned to fully evaluate its prospectivity
- Mincor Resources is up 7.66 per cent, trading at $1.34 at 2:46 pm AEST
Mincor Resources’ (MCR) shares are trading green following reports it has hit its best intersections to date from drilling at the “Golden Mile” in Western Australia.
Two new high-grade massive sulphide intersections were reported from the 1.1 kilometre zone between its Long and Durkin North mines.
Best results include 8.1 metres at 4.2 per cent nickel, including 3.7 metres at 6 per cent nickel and 1.7 metres at 4.5 per cent nickel, the thickest intercepts encountered to date.
This marks a total of five high-grade intercepts in this emerging position so far, which the company says offers great promise, given its proximity to existing underground infrastructure.
Managing Director of Mincor David Southam says the company feels confident after confirming the search space is extremely prospective for significant new discoveries.
“The fact that these holes are located immediately adjacent to existing underground infrastructure is also a significant plus,” Mr Southam said.
“The program will soon move to Stockpile Three along the Golden Mile, which will give us the opportunity to complete a number of down-hole electro-magnetic surveys for the intersections received from Stockpile Two.
“We expect these in turn to give us a clear vector to return with further drilling to fully evaluate this exciting emerging position.”
Mincor Resources was up 7.66 per cent, trading at $1.34 at 2:46 pm AEST.