Drilling Encounters More Massive Sulphides In WA
Mincor Resources NL (ASX: MCR) has received assay results for the massive sulphide intercept in the 1.1km zone between its Long and Durkin North mines, near Kambalda in Western Australia.
The results confirm the high-grade tenor of the intersection, returning an outstanding intercept of 0.5m @ 6.3% Ni (including 0.3m @ 8.5% Ni).
Managing Director, David Southam, said that a further encouraging development, the company has reported that another intersection has occurred 24m down-dip from the above assayed intersection. The estimated width of this new intersection is 0.3 metres and, while portable-XRF analysis has confirmed the high-grade tenor, given this is based solely on a visual inspection, the company will await assay results to confirm the average nickel grade.
“Having assays confirm the high-grade nature of our first nickel intersection gives us great confidence in the enormous potential of the untested space we have called the ‘Golden Mile’,” Mr Southam, said.
“This intersection is located just 100 metres from existing underground mining infrastructure, highlighting its strategic importance to the Company as our underground drilling programme advances.
“In a more recent development, ongoing drilling has encountered a second massive sulphide intercept, in only our fourth hole, approximately 24 metres down-dip from this first high-grade intersection, further verifying the emerging potential of this area.
“We are very encouraged by the fertility of the Golden Mile for massive sulphide discoveries and, once we have our down-hole EM infrastructure installed in August, our geological understanding and targeting approach can be further refined as this substantial drilling program unfolds.
“Finally on a separate matter, I would like to congratulate BHP Nickel West on their nickel supply arrangement with Tesla, which was revealed yesterday. Our nickel concentrate off-take agreement with BHP means that Mincor will be a key participant in this ESG-friendly global EV battery supply chain.”
For further information please visit: https://www.mincor.com.au
