Mincor intersects widespread mineralisation at Tottenham
Kambalda nickel producer Mincor Resources NL has received a boost to its new project development strategy in Australia, with its initial drilling program at the Tottenham Copper Project in central New South Wales intersecting widespread, shallow copper mineralisation in two separate zones.Mincor said yesterday that the results of RC and diamond drilling completed in and around oxide mineralisation outlined by previous explorers had provided good indications of grade continuity within each zone, as well as confirming the potential for high-grade zones.Best results received to date include 8.5m at 1.03% copper, 3.5m at 7.40% copper, 10m at 0.98% copper, 6m at 2.1% copper and 4m at 1.7% copper.The company secured a 100% interest in the Tottenham Project last year as part of a long-term growth plan aimed at expanding its exploration focus into commodities and geographic regions outside of its core Kambalda operations. The strategy has been successful, with a substantial portfolio of exploration projects acquired over the past 12 months across Australia and, more recently, in the Republic of Ireland.The Tottenham Project is located 450km west of Sydney in central New South Wales, in an area with a long history of small-scale copper mining spanning over 80 years from 1888. Mincor’s Managing Director, David Moore, said the initial phase of drilling just completed was focused on the near-surface copper oxide potential, with the results appearing to confirm both the grade and continuity of mineralisation in the two areas targeted.“These initial results are very encouraging and, subject to receipt of further assays and analytical results on whether the mineralisation is amenable to heap leach processing, should lay the foundations for an initial resource estimate for these two oxide copper zones,” Mr Moore said. “In the meantime, we will shortly be flying a helicopter-borne VTEM survey, targeting the deeper down-plunge sulphide potential of the tenements.”The VTEM survey is scheduled for the December 2007 quarter, with follow-up drilling planned for early in the new calendar year.