Drilling to start at Bluebush

26 July 2008 | 03:47 Code : 17787 Geoscience events
Australian nickel producer Mincor Resources announced yesterday that it had just....

Australian nickel producer Mincor Resources announced yesterday that it had just received the last of the permits required to allow it to commence the long-awaited drilling program on portions of the exciting new Bluebush Line Tenements in the Kambalda Nickel District.Mincor announced the acquisition of a 100% interest the Bluebush Line Tenements in November 2007. The tenements represent a major strategic land package, and the last remaining surface exposure of the all-important Basal Contact in the Kambalda District not yet in the hands of long term holders.The Bluebush tenements contain numerous high-grade drill intersections along more than 40 kilometres of the strike of the Basal Contact.  No exploration has been conducted anywhere on the Bluebush Line Tenements since 2001, leaving the area wide open to the advances in geological thinking, drilling techniques, and geophysical technology since that time.In March 2008 Mincor announced that it had estimated a Mineral Resource containing 20,800 tonnes of nickel metal at the Stockwell Project, one of the known nickel prospects along the Bluebush Line.  The metal is contained in 630,300 tonnes of mineralisation with an average grade of 3.3% nickel.The Stockwell Project is now one of Mincor's highest priority advanced-stage exploration plays, and will be the first focus of the drilling program at Bluebush.  However, an aggressive exploration program is planned for the entire Bluebush Line, with an initial budget of over $2 million set aside for the first round of work.

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