Mincor Resources NL (ASX: MCR) has returned another exceptional high-grade nickel intercept from ongoing diamond drilling at the Cassini nickel sulphide deposit at Kambalda in Western Australia.
The new intercept yielded 15.4m at 4.7% Ni including a massive sulphide high grade core of 8.6m @ 7.0% Ni.
The intersection is part of a previously announced drilling programme being completed over a six-week period before moving to the CS1 channel and the untested magnetic anomaly
Mincor’s Managing Director, David Southam, said the Cassini deposit was continuing to yield impressive high-grade, high-tenor nickel intercepts with ongoing drilling, clearly demonstrating its potential as a cornerstone deposit for the Company’s nickel restart plans.
“The estimated true width of this latest intersection at 13.2 metres means this is the highest value intercept that Cassini has delivered so far – a fantastic achievement by our exploration team,” he said.
The deposit continues to evolve and grow with recent diamond drilling highlighting the thickness and high-grade nature of the mineralisation in the CS5 channel, which was only identified relatively recently,” he said.
“Pleasingly, today’s result is 73m along strike from MDD329W2, which yielded 6.3m at 7.1% nickel. This shows the potential for Cassini to continue to grow as drilling continues to track the key nickel-hosting channels down-plunge, typical of all Kambalda komatiite-hosted nickel sulphide deposits.”
The new intersection lies on the boundary within the current Mineral Resource envelope in the recently delineated CS5 channel, which is becoming stronger as it is tested down-plunge.
However, the new intersection is much higher grade and thicker than currently estimated in the Resource block model.
Mr Southam said all results from this current phase of drilling at Cassini will be incorporated into a further update of the Mineral Resource Estimate and a maiden Ore Reserve due to be announced late in the December 2019 quarter as part of the Definitive Feasibility Study on the company’s Nickel Restart Strategy at Kambalda.