Mincor continues drilling progress at Cassini

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THE DRILL SERGEANT: Mincor Resources (ASX: MCR) has received results from drilling being carried out on the company’s Cassini project in the Kambalda nickel district of Western Australia.

Mincor claims the latest drilling at Cassini has confirmed a widening in the channelised environment at depth and also identified a possible second mineralised trough structure, which the company believes could be a new exploration target.

Mincor’s work to date at Cassini has encountered nickel sulphide intersections over a 500 metre plunge on five drilled sections.

This channel structure, named CS2, comprises a lower, flat- to east-dipping mineralised zone, termed the Western Limb, and an upper, steeply west-dipping mineralised zone, termed the Eastern Limb.

The company explained it has moved the overall synformal shape from an initially tight closure to an open synform – now interpreted to represent a widened channel structure up to 200m across.

This increase in width was confirmed by drill hole MDD272, which was reported to the Australian Securities Exchange in March 2015.

A further four holes have now been completed on this section:

MDD286
6.08 metres at 1.63 per cent nickel from 494.76m (estimated true width 4.78m); and

6m at 1.05 per cent nickel from 464m (estimated true width 3.4m).

MDD277
0.1m at 3.53 per cent nickel from 330.49m (estimated true width 0.06m);

1.6m at 1.49 per cent nickel from 365.17m (estimated true width 1.16m);

1.61m at 4.86 per cent nickel from 362.35m (estimated true width 1.16m);

0.78m at 1.12 per cent nickel from 405.22m (estimated true width 0.23m); and

0.13m at 2.01 per cent nickel from 489.81m (estimated true width 0.13m).

MDD284
2.6m at 1 per cent nickel from 312m (estimated true width 1.13m).

A further hanging wall intersection in the earlier hole has also been returned:

MDD272
10.01m at 1.5 per cent nickel from 463.28m (estimated true width 9.81m).

Mincor has interpreted these latest results to suggest the upper intersection in
MDD272 lies within a separate trough structure within the overall mineralised channel, with drill-hole MDD284 intersecting nickeliferous sediment beneath the trough structure and drill-hole MDD277 intersecting the possible pinch-out position of the trough structure.

“The latest results enhanced the company’s understanding of the mineralisation at Cassini,” Mincor Resources managing director David Moore said in the company’s announcement to the Australian Securities Exchange.

“The recognition of a separate mineralised trough in the upper part of what is now confirmed as a broad open channel structure is very important and will help guide our drilling.

“Whilst it is still early days at Cassini, we think the potential has opened up substantially and drilling of the new targets along this prospective structure is underway now.”

Website: www.mincor.com.au