Kambalda nickel sulphide deposit returns high-grade intercept

Mincor Resources NL has advised that ongoing diamond drilling at the Cassini nickel sulphide deposit at Kambalda has returned another exceptional high-grade nickel intercept which yielded 15.4m at 4.7 per cent Ni including a massive sulphide high grade core of 8.6m at 7.0 per cent Ni.

 Core samples showing massive and heavy matrix nickel sulphides

Core samples showing massive and heavy matrix nickel sulphides

The intersection is part of a previously announced drilling program 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 in Western Australia 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 13.2m means this is the highest value intercept that Cassini has delivered so far - a fantastic achievement by our exploration team.

"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.

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.