Mincor encouraged by drilling at Cassini and Voyce prospects

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THE DRILL SERGEANT: Mincor Resources (ASX: MCR) is making encouraging progress at the company’s two most advanced new nickel sulphide discoveries in the Kambalda district, Voyce and Cassini.

The company said the two prospects are continuing to grow in size and potential under its ongoing diamond drilling program.

Mincor said the first, Cassini, is at this stage still only lightly drilled and at an early stage of its exploration, adding the prospect has been shown to host two mineralised Kambalda-style channel structures.

Mincor has deployed a second diamond drilling rig to the prospect.

The latest drill intersections from Cassini are as follows:

Upper Channel (CS2) intersections:

MDD224
3.31 metres at 2.33 per cent nickel from 236m (estimated true width 2.54m);

1.21m at 2.83 per cent nickel from 241m (estimated true width 0.93m); and

1.4m at 2.15 per cent nickel from 261.6m (estimated true width 0.82m).

MDD231
11.71m at 1.51 per cent nickel from 140.86m (estimated true width 7.08m); and

2.56m at 4.39 per cent nickel from 158.65m (estimated true width 2.15m.

Lower Channel (CS1) intersection:

MDD205
1.35m at 3.25 per cent nickel from 343.97m (estimated true width 0.96m); and

0.26m at 11.85 per cent nickel from 356.1m (estimated true width 0.19m).

Drilling has also continued at Mincor’s Voyce prospect, located just 2.5km south of the Mariners mine with eight holes completed and assay results returned for four.

The four assay results returned so far are as follows:

MDD225
0.08m at 16.75 per cent nickel from 342.4m (estimated true width of 0.06m);

MDD219
3.54m at 1.03 per cent nickel from 173.45m (estimated true width of 2.29m).

MDD222
No significant mineralisation.

MDD221
0.95m at 1.62 per cent nickel from 232.81m (estimated true width of 0.69m).

“There is now no doubt that we have discovered two Kambalda-type mineralised ore systems,” Mincor Resources managing director David Moore said in the company’s announcement to the Australian Securities Exchange.

“The only question is the size and grade of the mineralisation.

“Both prospects lie on granted mining tenements, and less than 10 kilometres south of our operating Mariners mine.

“These are the most exciting exploration discoveries we have yet made at Kambalda outside the near-mine environment.

“While both prospects are still at an early stage we intend to move rapidly now, especially at Cassini, and have already mobilised a second rig to site.

“Hopefully we will be able to deliver a strong flow of good news from these prospects in the months ahead.”

Website: www.mincor.com.au