- Mincor Resources (MCR) extends nickel mineralisation at the Hartley prospect to over 200 metres
- MCR has received high-grade massive sulphide nickel results from two holes drilled at the prospect which lies 17 kilometres from the Cassini mine in WA
- These results return nickel grading up to 6.9 per cent and suggest the mineralisation may be stronger to the south
- The next drill hole is currently underway to test a further 100 metres to the south along the plunge of the channel
- Company shares are down 2.26 per cent to trade at $1.30
Mincor Resources (MCR) has extended mineralisation at the Hartley prospect to over 200 metres.
The company reported two significant high-grade massive sulphide nickel intersections from two holes drilled at the Western Australia-based prospect.
New results include 1.4 metres at 3 per cent nickel and 4.5 metres at 3.3 per cent nickel including 0.6 metres at 6.9 per cent nickel.
The new holes were drilled within a three kilometre-long zone and aimed to test a 100-metre section to the south of a previous hole which returned 1.2 metres at 3.5 per cent nickel.
Based on the latest results, Mincor believes the mineralised channel could be stronger towards the south but further drilling is required to assess this.
Managing Director David Southam commented on the results.
“These latest intercepts provide strong evidence that we have an exciting emerging exploration opportunity at the Hartley prospect, just 17 kilometres from our new Cassini mine,” he said.
“We have now intersected high-grade nickel sulphides, with width, over a 200-metre strike length and while, we are still at a relatively early stage in terms of our understanding of the primary architecture and geometry, the high quality results bode extremely well for the future prospectivity of this area.”
The next drill hole is currently underway to test a further 100 metres to the south along the plunge of the channel.
Company shares were down 2.26 per cent to trade at $1.30 at 10:47 am AEST.