THE DRILL SERGEANT: Mincor Resources (ASX: MCR has launched into its 2018 nickel exploration program with a program of diamond drilling at the Cassini prospect, located within the company’s Kambalda ground holdings in Western Australia.
Mincor Resources will be spending cash raised in a recent fund raising to carry out the drilling, which is to progress a suite of high-quality targets.
At first, the program will focus on shallow regional targets where Mincor considers there to be potential to delineate Resources or extend existing Resources.
The Cassini prospect is a near-surface nickel sulphide discovery where Mincor has identified several channel structures.
The Cassini CS2 channel has already returned high-grade intersections over a plunge of 430m and remains open.
Previous intersections from Cassini include:
6.73 metres at 4.81 per cent nickel (estimated true width 5.4m);
5.16m at 6.45 per cent nickel (est. true width 4m), and 6.42m at 7.25 per cent nickel (est. true width 5.5m);
7.98m at 4.35 per cent nickel (est. true width 6.5m); and
4.99m at 6.08 per cent nickel (est. true width 4.4.m).
Mincor has also commissioned a high-resolution aeromagnetic survey for Cassini, which it expects to have finished in February, weather permitting.
Results from the magnetics will assist to identify early stage targets immediately surrounding Cassini, including the northern half of the Cassini magnetic anomaly, Cassini South and Black Caviar.
“Mincor believes it has consolidated nearly all the prospective ground in the Kambalda for shallow nickel sulphide mineralisation, and together with its existing nickel Mineral Resources inventory, has an exciting opportunity to grow a quality nickel Ore Reserve inventory in the district,” Mincor Resources said in its ASX announcement.