Company News Summary
Mincor Resources Provides June 2012 Quarterly Activities Report
Original announcement: Quarterly Activities Report
Mincor Resources provided its June 2012 quarterly activities report, reporting a quarterly production of 2,142t of nickel-in-ore at cash costs before royalties of A$5.45/lb. Reconnaissance drill results near the Cassini Nickel Sulphide Prospect include 1m at 7.14% Ni. Drill targets have been defined at high-grade Edie Creek gold prospect in Papua New Guinea with drilling to commence in August. A Cu-Au porphyry target has been identified at Bolobip in Papua New Guinea and delineated by 1km-diameter copper and gold anomaly. At the end of the quarter the Company had cash at bank of $75.9m.
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