Mincor Resources (ASX: MCR) has reported its best drill results to date at its Kambalda Nickel Operations, with two new massive sulphide intersections in the 1.1km “Golden Mile” zone between its Durkin North and Victor Long mines.
Highlights include:
- Hole ULG-21-030: 8.1m @ 4.2% Ni, including
- 3.7m @ 6.0% Ni and
- 1.7m @ 4.5% Ni (all on contact)
- Hole ULG-21-028: 2.6m @ 3.7% Ni, including
- 0.3m @ 8.2% Ni (on contact)
The discoveries sit at 40m to the south, and 27m to the north from hole UGL-21-022, which delivered 0.6m @ 4.6% Ni. Mincor described this emerging nickel trend, down-dip from Stockpile Two, as having “great promise” due to its proximity to existing underground infrastructure.
Drilling map at the “Golden Mile” displaying proximity of discovery to existing underground infrastructureKambalda nickel province
The globally-significant Kambalda nickel province, located in Western Australia’s Southern Goldfields, has produced over 51 million tonnes of ore since 1966, with an average grade of 3.1% Ni.
Mincor had previously produced ~180,000 tonnes of nickel during the 14 years from 2001, before placing operations into “care and maintenance” due to slumping metal prices.
The company controls a significant land coverage in the province, with over 300km² of tenements encompassing a mineral resource of 5.0Mt at 3.8% Ni + ore reserves of 2.3Mt at 2.8% Ni.
Operations at Kambalda are diverse and include historically producing mines on care and maintenance with adjacent brownfields targets, and Cassini, the first greenfields discovery in Kambalda for over 20 years.
“The fact that these holes are located immediately adjacent to existing underground infrastructure is also a significant plus”
Management comments
Mincor Managing Director David Southam said: “Having achieved a total of five high-grade intercepts so far into this emerging position in our maiden drill program at the ‘Golden Mile’, we feel confident that we have well and truly confirmed the proof of concept that this 1.1km search space is extremely prospective for significant new discoveries.
The fact that these holes are located immediately adjacent to existing underground infrastructure is also a significant plus. We are also very encouraged by the fact that these latest intercepts have substantial thickness, particularly the intercept in ULG-21-30, which bodes well as drilling to date begins to reveal a consistent trend of high-grade mineralisation extending down-dip from Stockpile Two.”
Images: Mincor Resources NL
