Mincor Resources NL (ASX: MCR) has recorded a third high-grade massive sulphide nickel intersection in hole (ULG-21- 022) in the 1.1km zone between its Long and Durkin North mines, near Kambalda in Western Australia.
The newest intercept is 35 metres down-dip from the first intersection (ULG-21-016) announced on July 15, 2021.
Mincor was able to facilitate quick turnaround assays on the second and third intersections concurrently, with a summary of the results as follows:
- ULG-21-016 – 0.5m @ 6.3% Ni including 0.3m @ 8.5% Ni – reported 23 July
- ULG-21-020 – 0.3m @ 5.0% Ni including 0.2 m @ 6.5% Ni (on contact) – new assays reported today
- ULG-21-022 – 0.6m @ 4.6% Ni including 0.4m @ 5.3% Ni (on contact) – new assays reported today
We could not have asked for a better start to our extensive FY22 drilling programme on the Golden Mile, with three of the first five underground drill holes intersecting high-grade massive sulphides,” Managing Director, David Southam, said.
“While the programme is still in its infancy, we are very excited by the results we have seen so far. This represents a fantastic hit rate considering the systematic nature of the drill plan in the early stages of the program.
“With the establishment of permanent loop infrastructure on surface for down-hole electromagnetics almost complete, we will be able to apply the latest technology to improve our understanding of this significant search space to facilitate targeted follow-up drilling.
“From the same stockpile location in the Durkin Incline, we are now drilling up-dip into another largely untested area, and this same process will continue for almost all of FY22 from varying stockpile locations. Depending on results, we can pivot our drilling strategy accordingly.
“It’s important to emphasise once again the proximity of these intercepts to existing underground infrastructure. They are located less than 100m from our existing decline and close to the reserves that we plan to mine at Long as part of our integrated production plan. The fact that we are achieving such significant exploration success so early in the program is really exciting.”
