HIGH-GRADE NICKEL INTERSECTIONS EXPAND NEWMARINERS N09...

HIGH-GRADE NICKEL INTERSECTIONS EXPAND NEW
MARINERS N09 DISCOVERY

Extract:
"Mineralisation Extended to 250 metres Down-plunge and Open at Depth and to South Kambalda nickel producer Mincor Resources NL (ASX: MCR) has added further weight to the emerging NO9 discovery down-plunge of its operating Mariners Nickel Mine in Western Australia, with recent drilling returning high-grade nickel intersections that reinforce the early potential of the new ore zone.

The latest results further enhance Mincor’s exploration and development pipeline, which includes multiple new mine development projects, acquisitions and advanced exploration opportunities in the Kambalda region.
Underground drilling re-commenced at Mariners last month, with recent drill holes intersecting
significant mineralisation, including:
• 7.3 metres @ 5.90% nickel in MRDH0219;
• 3.3 metres @ 4.83% nickel in MRDH0220; and
• 1.6 metres @ 5.53% nickel in MRDH0218
All measurements are estimated true widths.

The intersection in MRDH0218 – which is one of a series in that hole – is especially significant as it is
located 250 metres down-plunge of the N08 ore body (currently being mined) and indicates a likely plunge length of at least 300 metres to the new NO9 mineralised zone (see long section attached).
Drill hole MRDH0219 intersected well-developed Kambalda-style open-contact nickel sulphide
mineralisation on the basal contact just 25 metres below current mine development.

The intersection reported above includes a 0.90 metre zone of high-tenor massive sulphides grading 13.1% nickel.
Drill hole MRDH0220 intersected the contact approximately 30 metres above MRD0220 and returned a
variable zone of mineralisation with an estimated true width of 12.3 metres grading 2.11% nickel,
including 3.3 metres @ 4.83% nickel (all estimated true widths).

Mincor’s Managing Director, Mr David Moore, said the latest results from the NO9 substantiated the Company’s early confidence in the discovery.
“We now have two underground rigs operating at the NO9 zone,” Mr Moore said. “Due to necessary underground development work, we have only been able to carry out limited drilling since the initial
discovery was announced in November last year.”

“Now that this development is complete, we are again able to focus attention on the drill-out of this
important discovery which, because of its proximity to existing workings, is easily accessible and has the potential to add tremendous value,” he said.

The recent results from the NO9 drilling are shown in the table below. Due to the very low angle at which
some of the drill-holes have intersected the ore zone, down-hole intersection widths are significantly greater than true widths. Unless otherwise stated, all intersections above are estimated true widths using
measured and interpreted core angle information:"

http://sa.iguana2.com/cache/84cf05eb9af1e78959d7f272c6b0a2e3/ASX-MCR-364205.pdf