Mincor Resources has delivered another standout nickel hit at its Cassini sulphide deposit near Kambalda in Western Australia.
Its ongoing diamond drilling at Cassini has returned another high-grade nickel intercept, yielding 15.4 metres at 4.7 per cent nickel, including a massive sulphide high grade core of 8.6 metres at seven per cent nickel.
Mincor managing director David Southam said the Cassini deposit had demonstrated 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 is the highest value intercept at Cassini to date, “a fantastic achievement by our exploration team.”
This intersection lies on the boundary within the mineral resource envelope in the recently delineated CS5 channel, which is becoming stronger as it is tested down-plunge, according to Mincor.
“The deposit continues to evolve and grow with recent diamond drilling highlighting the thickness and high grade nature of mineralisation in the CS5 channel, which was only identified relatively recently,” Southam said.
“Pleasingly, today’s result of 73 metres along strike from MDD329W2, which yielded 6.3 metres at 7.1 per cent 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 deposit.”
The intersection is part of the previously announced drilling program being completed over a six-week period.
All results from this drilling phase will inform an updated mineral resource estimate and a maiden ore reserve, which are due for an announcement late this year.
This will be part of Mincor’s definitive feasibility study on its nickel restart strategy at Kambalda.