This is their last ann.. they haven't released any info on the...

This is their last ann.. they haven't released any info on the 2 rigs for a month, id guess from rumous results will be anytime now, hope that helps

Mincor gets high grade nickel intersection at Carnilya
12:22, Monday, 21 August 2006

Sydney - Monday - August 21: (RWE Aust Business News) - Kambalda
nickel company Mincor Resources (ASX:MCR) has allocated a second drilling
rig to its emerging nickel discovery at Carnilya Hill, Western Australia,
following a further high grade nickel sulphide intersection.
The move will allow the commencement of resource drilling in
parallel with ongoing step-out drilling to the west, where the
mineralisation remains completely open.
Mincor said the hole, drilled as a wedge off an earlier hole, had
intersected very strong nickel mineralisation on the basal contact
approximately 22 metres up-dip of the earlier hole.
Results include 5.68m at 4.12pc nickel from 591.57m in a broader
zone of 6.29m at 3.87pc from 590.96m.
The intersection lies on the overturned basal contact and, very
importantly, contains a well-developed Kambalda-style mineralisation
profile.
This increases confidence in the likely extent and continuity of
the overall mineralised system.
An additional drill hole was also recently completed closer to
the mine but proved ineffective, as it failed to intersect the basal
contact, passing below the folded limb of the syncline and remaining in
basalt for its entire length.
Mincor shares were up 5.5c to $1.235.
ENDS


4
corporatefile.com.au
Can you explain what you know so far about the Carnilya Hill discovery where
Mincor is earning 70% from View Resources? Why are you so positive? What
are the timetables to advance it?
Managing Director David Moore
We are very excited about Carnilya, but we must not get ahead of ourselves. Let’s
look at what we can say so far: We’ve certainly proved our initial thesis that the
mineralised channel structure extends beyond the old mining area. We’ve
intersected the channel structure on every section line that we have drilled, and
have at least one ore grade intersection on every section line. The nickel grades are
strong, because there is a good component of high-tenor massive sulphides in all
the intersections to date. So far we have three section lines each 160 metres apart,
extending some 500 metres west of the old mine workings, so we are talking about
a minimum 500 metre plunge length. However the mineralisation is still
completely open to the west and we are drilling another step-out hole right now.
The mineralisation we have intersected to date comes in two styles – very high
grade, structurally thickened massive sulphides; and a very well developed, also
high-grade, Kambalda style profile which allows us to expect both continuity and
size. We can also say the original Carnilya Hill ore body was a very good one,
with excellent ground conditions because of the hanging wall basalt, and extensive
continuous mineralisation that allowed high productivity low-cost mining. Finally
we can say that the mineralisation is very close to existing underground
infrastructure and most of the required surface infrastructure is in place, so
developing a new operation there is not going to be too hard or too costly.
We’ve now got two drill rigs at Carnilya Hill. We would have a third but we can’t
get one at any price. One of the rigs is infill drilling with a view to defining an
initial resource as soon as possible and the other is continuing with step out
drilling to the west where the ore body is open. Progress is not always as fast as we
would like, because of the extraordinary constraints on the industry in WA.
However I think we could have an initial resource estimate before Christmas and,
if all goes well, a development decision could well be made during this financial
year. We’ve already started the initial regulatory and technical studies that will
form the basis of the full scale feasibility study.