Six drillholes deliver Mincor milestone
Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone
8th November 2019
Resources Rising Stars
Mincor Resources’ “remarkable” greenfields Cassini discovery has reached a new milestone, passing 50,000 tonnes of high-grade resources (reports MiningNews).
Cassini is now defined as hosting 1.25 million tonnes grading 4.04% nickel sulphide for 50,400t of contained metal, an increase of 12,600t at 4.7% from just six additional drillholes drilled recently.
Overall grade has increased from 3.8% to 4% and more than two thirds of the resource is in the higher-confidence indicated category, meaning it can be converted to reserves for the maiden reserves estimate, due next year.
Managing director David Southam said Cassini had delivered "tremendous nickel banking", with the company's total resources now 4.9Mt at 3.8% for 187,900t.
He said the continued rapid growth in Cassini - from its maiden 18,700t resource in August 2018 into a cornerstone deposit in terms of tonnage, grade and quality - marked it as "the most significant greenfields discovery seen in the Kambalda district in over two decades".
Mincor remains confident in the untapped exploration potential of the newly-defined district within the Kambalda region.
"The last four drill intercepts in particular have been stand-outs and show that the CS5 surface is becoming both higher grade and thicker the deeper we drill - which bodes well for the future exploration of this and the other parallel channels from the planned underground workings to be established at Cassini," Southam said.
© 2020 Resources Rising Stars All Rights Reserved