Infill drilling on Mindoro Resources’ Agata Nickel Project continues to intersect thick nickel laterite mineralization with grades and thickness of potential economic interest.
A total of 108 holes for 2038 metres have been completed from a detailed infill drilling program totalling 2500 to 3000 metres.
More assay results have been received for 723 core samples from 36 holes, drilled on 25 x 25 metre and 50 x 50 metre patterns.
The limonite horizon averages 1.13% nickel, 0.14% cobalt and 48% iron over an average thickness of 3.50 metres.
Significant limonite intersections were 7.55 metres from 2 metres @ 1.36% nickel, 0.13% cobalt and 48% iron; 8.15 metres from 2.15 metres @ 1.20% nickel, 0.15% cobalt and 50% iron; 7.40 metres from 1 metre @ 1.21% nickel, 0.19% cobalt and 49% iron; 7.45 metres from 1.85 metres @ 1.17% nickel, 0.13% cobalt and 505 iron; and 7 metres from 2.85 metres @ 1.11% nickel, 0.13% cobalt and 42% iron.
The underlying saprolite horizon averages 1.28% nickel over an average thickness of 7.96 metres. The more significant saprolite intersections were 28.2 metres from 2.2 metres @ 1.09% nickel, 0.01% cobalt and 8% iron; 18.85 metres from 4.10 metres @ 1.49% nickel, 0.02% cobalt and 9% iron; 20.35 metres from 3.3 metres @ 1.37% nickel, 0.03% cobalt and 9% iron; 10.2 metres from 5.5 metre @ 1.89% nickel, 0.03% cobalt and 12% iron; 15.7 metres from 1.4 metres @ 1.13% nickel, 0.01% cobalt and 8% iron; and 7.75 metres from 5.3 metres @ 1.85% nickel, 0.07% cobalt and 13% iron.
The results to date include grades and thicknesses consistent with those previously reported. These continue to be of potential economic interest as potential direct shipping ore (DSO) nickel-iron limonite for the Chinese nickel-pig iron market and high grade transition to saprolite ore for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia.
Following the DSO detailed definition program Mindoro will begin drilling the regional nickel laterite exploration target in order to convert a significant proportion of the 50 million to 70 million DMT @ 0.9% to 1.2% nickel exploration target to NI 43-101 compliant mineral resource.
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