Ann: Mincor Gold Update, page-9

acquired in 2003 from St Ives.....

"

The package comprises 34 licences which cover some 13,600 hectares of the highly
prospective Norseman-Wiluna Greenstone Belt, south of Kambalda. The package
includes 22 granted Mining Licences, 6 granted Prospecting Licences, and 6 Licence
applications. The Licences surround Mincor’s existing Widgiemooltha tenements,
which host its active nickel mines, and their acquisition will bring under Mincor’s
control almost the entire area of the Widgiemooltha Dome (please see attached map).
The package comes with a comprehensive database covering data collected since
1981, including mapping, soil geochemistry, geophysics and drilling.
Most of the tenements to be acquired in this transaction exclude rights to explore and
mine for nickel, which rights are held by WMC Resources Ltd.
Mincor believes this extensive land package to be highly prospective for gold, and
covers gold workings dating back to the 1890’s. The package includes 42 historical
gold workings and 4 known sub-economic gold resources, being the deposits at Bass,
Darlek, Flinders and West Oliver. Significant historical gold production is recorded
from Widgiemooltha Townsite, as well as more recently from Bass and Darlek. There
are also a number of high-grade drill hole intersections and untested soil gold
anomalies. Systematic exploration and drilling has not been carried out at many of
these areas. In many cases gold prospectivity appears to be associated with zones of​

nickel mineralisation which have not previously been explored for gold."


the "problem" is that MCR doesn't have a crusher/CIL plant........

the dec 2013 qtrly also has some interesting info .....

there is little doubt that MCR will have >> 100K Oz .....across several pits ......

how they go abt funding any development is "key" to the share price.

rgds
V_H