Drilling Commences Testing Cundumbul Project First pass drilling commenced by Sultan Resources Ltd ("Sultan") within 300 metres of the license boundary of Kincora's Cundumbul project testing the Big Hill porphyry target
Drilling Commences Testing Cundumbul
Project
First pass drilling commenced by Sultan Resources Ltd ("Sultan") within 300 metres of the
license boundary of Kincora's Cundumbul project testing the Big Hill porphyry target
The Big Hill target has been described by Sultan as
"the standout, undrilled porphyry gold
copper target in the central Lachlan Fold Belt"
1
The Big Hill magnetic complex is approximately 5km long by 2.5km wide situated within both the
Sultan and Kincora licenses with ongoing drilling to test coincident induced polarization, magnetic
and geochemical anomalies
1, 2
Kincora operated drilling programs are ongoing at the Trundle and Nyngan copper gold projects
with preparations to commence drilling at the Fairholme gold project
MELBOURNE, Australia
,
May 19, 2021
/CNW/ - Kincora Copper Ltd. (the "Company", "Kincora")
(TSXV: KCC) (ASX: KCC) notes that Sultan Resources Ltd ("Sultan") (ASX: SLZ) has commenced
drilling of its Big Hill gold copper porphyry target that sits on the license boundary of Kincora's
Cundumbul project
2
. Permits for up to 4500 metres of diamond drilling are in place with a first pass
3-hole program for 1200 metres commenced, and expected to take only 4 weeks, with drill collars
within 300 metres of the Cundumbul license boundary
1, 2
– see Figures 2 and 3.
Sultan states that the Big Hill target displays coincident and complimentary magnetic and Induced
Polarisation ("IP") responses, high grade copper and gold rock chips, distinct gold and copper plus
pathfinder element geochemical soil anomalism and porphyry-style alteration within host-rock
geology and a structural setting consistent with the upper or outer parts of an alkalic porphyry gold
copper system such as Cadia and Boda
1, 2
. The Big Hill target is located approximately 50km in
equal distance to both Cadia and Boda in the Molong Belt of the Macquarie Arc of the Lachlan Fold
Belt.
The Big Hill magnetic complex is approximately 5km long by 2.5km wide situated within both the
Sultan and Kincora licenses. A recent IP survey by Sultan has identified a large-scale IP
chargeability anomaly approximately 1km long by
650m
wide extending to
500m
1
on their portion of
the Big Hill magnetic complex straddling the license boundary.
Sam Spring
, President & CEO, commented: "
Since Sultan secured its portfolio in the Lachlan Fold
Belt in
March 2020
it has been actively advancing the Big Hill target as a priority with boots on the
ground exploration. This has resulted in the recently commenced first pass 3-hole program, with
all holes collared within 300 metres of our license boundary and one proposed to be drilled up to
the Cundumbul boundary.
Sultan's exploration approach and common large-scale magnetic complex target, of which up to
40% potentially sits on our ground, provides a template for Kincora to adopt should their drilling
prove successful. We are watching with keen interest wishing Sultan all the best. The last
exploration undertaken at the Cundumbul project was funded by Mitsubishi in 2015 and included
only
844m
of prior shallow drilling at other targets within the license.
With our drilling ongoing at Trundle and Nyngan copper gold porphyry projects, and preparations
to commence drilling our Fairholme gold project in July, Kincora is set to enjoy significant news
flow across four strategically placed projects in the Macquarie Arc."
1
Refer to Sultan Resources press release April 29
th
, 2021 "Big Hill IP results define 'classic' East Lachlan porphyry Au-Cu priority drill target"
2
Refer to Sultan Resources press release May 18
th
, 2021 "Maiden drill programme at priority Big Hill porphyry Au-Cu target commences"
Figure 1:
Key Lachlan Fold Belt players and junior explorers - Kincora projects with near
term drilling news flow highlighted in red
Central West,
New South Wales, Australia
(View PDF)
Figure 2:
Sultan has identified three targets on the license boundary with Kincora's
Cundumbul license, including Big Hill
1, 2
Air magnetics of the larger Big Hill magnetic complex across neighbouring licenses and geochemical
footprint identified by Sultan
Kincora: Cundumbul (EL6661 - outlined in black); &, Sultan: Star Plateau (EL8735 - outlined in white)
(View PDF)
Figure 3:
Plan view of Big Hill target, including the 3 initial first phase drill holes (3 x
400m
deep holes for
1200m
) with coincident induced polarization, magnetic and geochemical
anomalies
1, 2
(View PDF)
Figure 4:
Kincora project drilling timelines and upcoming catalysts
One rig remains operational at the Trundle project with another recently mobilised to the Nyngan
project ahead of the commencement of a drilling program at the Fairholme project
The first phase 3-hole program recently commenced by Sultan is testing a common magnetic
complex to Kincora's Cundumbul project and is expected to take approximately 4 weeks (permits in
place for up to 10 holes x
450 m
depth)
1, 2
(View PDF)
This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN
45 457 763)
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements
within the meaning of applicable securities laws. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other statements that are not
statements of fact. Although Kincora believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will prove to have been
correct. Kincora cautions that actual performance will be affected by a number of factors, most of
which are beyond its control, and that future events and results may vary substantially from what
Kincora currently foresees. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration results, continued
availability of capital and financing and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety by this cautionary statement. The
information contained herein is stated as of the current date and is subject to change after that date.
Kincora does not assume the obligation to revise or update these forward-looking statements,
except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange
accepts responsibility for the adequacy or accuracy of this release.
Qualified Person
The scientific and technical information in this news release was prepared in accordance with the
standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-
101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and
compiled by Kincora's geological staff under the supervision of
Paul Cromie
(BSc Hons. M.Sc.
Economic Geology, PhD, member of the Australian Institute of Mining and Metallurgy and Society of
Economic Geologists), Exploration Manager Australia, who is the Qualified Persons for the purpose
of NI 43-101.
JORC Competent Person Statement
Information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves
has been reviewed and approved by
Paul Cromie
, a Qualified Person under the definition
established by JORC and have sufficient experience which is relevant to the style of mineralization
and type of deposit under consideration and to the activity being undertaking to qualify as a
Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves'.
Paul Cromie
(BSc Hons. M.Sc. Economic Geology, PhD, member of the Australian Institute of
Mining and Metallurgy and Society of Economic Geologists), is Exploration Manager Australia for the
Company.
Paul Cromie
consents to the inclusion in this report of the matters based on his
information in the form and context in which it appears.
The review and verification process for the information disclosed herein for the Cundumbul project
has included the receipt of all material exploration data, results and sampling procedures of previous
operators and review of such information by Kincora's geological staff using standard verification
procedures.
JORC TABLE 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections).
Criteria
JORC Code explanation
Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut channels, random chips, or
specific specialised industry standard measurement tools appropriate to
the minerals under investigation, such as down hole gamma sondes, or
handheld XRF instruments, etc.). These examples should not be taken
as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity and
the appropriate calibration of any measurement tools or systems used.
Aspects of the determination of mineralisation that are Material to the
Public Report.
In cases where 'industry standard' work has been done this would be
relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to produce a 30 g charge for fire
assay'). In other cases more explanation may be required, such as where
there is coarse gold that has inherent sampling problems. Unusual
commodities or mineralisation types (eg submarine nodules) may
warrant disclosure of detailed information
Kincora Copper Limited is the operator of the Cundumbul Project, with
reviewing historical exploration activities.
Rock sampling program:
All rock sample site locations were traversed using a single point
GPS receiver.
All rock chip samples were taken in the field by previous explorer
during the field activities and mapping program.
Rock samples were collected from surface outcrop and float.
Samples weighing up to several kilograms were collected.
Soil sampling program:
All soil sample site locations were traversed using a single point GPS
receiver.
One 'B' horizon sample was taken at each location.
A hand auger was used to obtain a 250 gram sample, which was
sieved to achieve a <3mm 'fine' fraction.
The 250m x 250m grid was completed in regional soil sampling
program and XRF analysis of all samples was carried out by
previous explorer staff using the Innov-X Delta Handheld XRF
Analyser in a static test bench/workstation setup.
The infill soil sampling program at the Mehruda Mine and Mehruda Big
Hill prospect areas on a 50m x 50m grid was also conducted with
laboratory analysis.
Drilling program:
Historic mechanical auger drilling, RC and diamond core drilling was
conducted in Cundumbul project.
One bulk sample (1-2kg) was taken from the bottom of each auger
drilling hole.
Two metre composite samples were taken from the RC drilling.
One metre
half-core samples were taken from the diamond drilling.
Drilling
techniques
Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air
blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or
standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc.).
Historic drilling on Kincora projects used a variety of methods
including mechanical auger drilling, reverse circulation, and diamond
core.
Mechanical auger basement sampling program was completed at the
Andrews, Bakers Swamp, Gowan Green, Mehruda and Mehruda Mo
Anomaly prospects. They were drilled at 75m spacing along 200m
spaced NE-SW orientated lines, with an average refusal depth of
2.4m.
6 inch RC holes were drilled at Andrews, Mehruda Mine and
Mehruda Mo Anomaly prospect areas with 300.1m maximum depth.
Diamond drill holes were conducted with size of HQ3 and NQ2 at
Mehruda Mo Anomaly prospect with 424.8m maximum depth.
Drill sample
recovery
Method of recording and assessing core and chip sample recoveries and
results assessed.
Measures taken to maximise sample recovery and ensure representative
nature of the samples.
Whether a relationship exists between sample recovery and grade and
whether sample bias may have occurred due to preferential loss/gain of
fine/coarse material.
Drill Core recovery wasn't logged in diamond drilling.
Logging
Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate Mineral
Resource estimation, mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean,
channel, etc.) photography.
The total length and percentage of the relevant intersections logged.
Rock sampling program:
A short geological description was taken at each sample point.
The description is qualitative and includes lithology, alteration and
mineralization.
Drilling program:
All historical diamond holes are geologically logged for their entire
length including lithology, alteration, mineralisation, veining and
structure.
All core is photographed.
Sub-
sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter, half or all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc. and whether
sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material
being sampled.
Rock and soil sampling program:
The sample preparation for both rock and soil follows industry best
practise involving oven drying, crushing and pulverisation.
Drilling program:
Two metre composite samples were taken from the RC drilling.
Where favourable levels of sulphides were seen in RC chips, 1m re-
splits were taken of the selected interval.
Once all geological information was extracted from the drill core, the
sample intervals were cut with core saw, bagged and delivered to
the laboratory.
One metre half-core samples were taken from the diamond drilling.
No duplicate samples were taken.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and laboratory
procedures used and whether the technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.
Nature of quality control procedures adopted (e.g. standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established.
Rock sampling program:
The rock samples were submitted to ALS Orange for analysis by fire
assay (Au) and four-acid digest with ICP-MS/ICP-AES finish for: Ag,
Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K,
La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta,
Te, Th, Ti, Tl, U, V, W,Y, Zn and Zr.
Soil sampling program:
Certified reference materials and blanks are introduced into the
sample stream after every 20 samples analysed, to ensure QAQC of
the XRF analysis.
The soil samples were submitted to ALS Orange and tested by Multi-
Element Mass Spectrometry (ME-MS43i) for Au, Ag, Al, As, Ba, Bi,
Ca, Cd, Co, Cr, Cu, Fe, Hg, Mg, Mn, Mo, Ni, Pb, S, Sb, Se, Sn, Te, Tl,
W and Zn. A certified reference material (standard) was also
included for every 40 samples submitted.
Drilling program:
The auger drilling samples were submitted to ALS Orange for
analysis by the ME-MS43i method (low-level precious and trace
element analysis) for Au, Ag, Al, As, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe,
Hg, Mg, Mn, Mo, Ni, Pb, S, Sb, Se, Sn, Te, Tl, W and Zn. A certified
reference material (standard) was also included for every 40
samples submitted. The auger chips were analysed with the ASD
Terraspec short-wave infrared (SWIR) spectrometer.
RC and diamond drilling samples submitted to ALS Orange for
analysis. Samples were analysed for Au, Ag, Al, As, Ba, Be, Bi, Ca,
Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na,
Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V,
W,Y, Zn and Zr. Methods utilised were fire assay for Au, and four
acid digestion with ICP-MS or ICP-AES finish for all other elements.
Verification
of sampling
and
assaying
The verification of significant intersections by either independent or
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data verification,
data storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
All data are verified during the exploration programs.
No twinned holes have been completed.
The intercepts have not been verified by independent personal.
Logging data is captured manually and stored in a digital database.
Assay data is received from the laboratory in electronic format and
uploaded to the master database.
No adjustments to assay data have been made
Location of
data points
Accuracy and quality of surveys used to locate drill holes (collar and
down-hole surveys), trenches, mine workings and other locations used in
Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
A handheld GPS was used to locate each sample point. Accuracy of
+/- 5m is considered reasonable.
Collar positions are set up using a hand-held GPS.
Drillholes are surveyed downhole every 30m using an electronic
multi-shot magnetic instruments, such as Ranger Survey for Diamond
holes and Camteq Proshot for RC holes.
Grid system used is the Map Grid of Australia Zone 55, GDA 94
datum.
Data
spacing
and
distribution
Data spacing for reporting of Exploration Results.
Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and classifications
applied.
Whether sample compositing has been applied.
Regional soil sampling at entire project area was collected across a
grid spaced at 250 x 250m.
The infill soil sampling program at the Mehruda Mine and Mehruda Big
Hill prospect areas were collected across a grid spaced at 50m x
50m.
Mechanical auger sampling program was drilled at 75m spacing along
200m spaced NE-SW orientated lines.
Other historic drilling on Cundumbul project was completed at various
drill hole spacings and no other projects have spacing sufficient to
establish a mineral resource.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves unbiased sampling of
possible structures and the extent to which this is known, considering
the deposit type.
If the relationship between the drilling orientation and the orientation of
key mineralised structures is considered to have introduced a sampling
bias, this should be assessed and reported if material.
There is no orientation data was collected in historical drilling
program.
Sample
security
The measures taken to ensure sample security.
All geochemical samples were selected by geologists in the field
delivered directly to the laboratory.
Audits or
reviews
The results of any audits or reviews of sampling techniques and data.
Mining Associates has completed an review of sampling techniques and
procedures at Trundle dated January 31
st
, 2021, as outlined in the
Independent Technical Report included in the ASX listing prospectus, which
is available at:
https://www.kincoracopper.com/investors/asx-prospectus
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
JORC Code explanation
Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and ownership
including agreements or material issues with third
parties such as joint ventures, partnerships,
overriding royalties, native title interests, historical
sites, wilderness or national park and environmental
settings.
The security of the tenure held at the time of reporting
along with any known impediments to obtaining a
licence to operate in the area.
Kincora holds two exploration licences in NSW and rights to a further six exploration
licences through an agreement with RareX Limited (RareX).
EL8222, EL6552, EL6915, EL8960, EL6661 and EL7748 are in a JV with RareX where
Kincora has a 65% interest in the respective 6 licenses and is the operator /sole
funder of all further exploration until a positive scoping study or preliminary economic
assessment ("PEA") on a project by project basis. Upon completion of PEA, a joint
venture will be formed with standard funding/dilution and right of first refusal on
transfers.
EL8502, EL8929 are wholly owned by Kincora.
All licences are in good standing and there are no known impediments to obtaining a
licence to operate.
Exploration
done by
other parties
Acknowledgment and appraisal of exploration by other
parties.
All Kincora projects have had previous exploration work undertaken.
The review and verification process for the information disclosed herein and of other
parties for the Cundumbul project has included the receipt of all material exploration
data, results and sampling procedures of previous operators and review of such
information by Kincora's geological staff using standard verification procedures.
Further details of exploration efforts and data of other parties are providing in the
March 1
st
, 2021, Independent Technical Report included in the ASX listing prospectus,
which is available at:
https://www.kincoracopper.com/investors/asx-prospectus
Geology
Deposit type, geological setting and style of
mineralisation.
The project lies halfway between the Cadia and Boda Cu-Au porphyries within the
central Molong Belt of the Ord Macquarie Arc, East Lachlan, NSW. It is located on the
intersection of a major N-S striking arc parallel and NW-SE striking cross arc structural
corridors (Press Release, 29
th
April 2021, Sultan Resources Ltd).
The Lachlan Orogen is approximately 700 km wide and 1000 km long and has disputed
complex evolutionary history. The Macquarie Arc is part of the eastern sub-province
of the Lachlan Orogen and is the host to numerous porphyry Au-Cu deposits. It
consists mainly of subduction-related Ordovician intermediate and mafic volcanic,
volcaniclastic and associated intrusive rocks and was accreted to Gondwana in the
Early Silurian, and underwent rifting and burial in the Middle to Late Silurian.
It consists of four structural belts, namely, the western (Junee-Narromine), the central
(Molong), the eastern (Rockley-Gulgong) Belt, and southern (Kiandra) volcanic belts.
These belts have most likely been formed by rifting and dismemberment of a single
arc, which developed along the boundary between the Australian and proto-Pacific
plates during the Ordovician and was subsequently dismembered during the Silurian.
An entirely intra-oceanic setting is postulated for the Macquarie Arc (Crawford et al.,
2007), with four phases of arc-type magmatism, the earliest in the Early Ordovician,
and culminating in the Late Ordovician to Early Silurian. The four phases of volcanism
in the Macquarie Arc relate to distinct groups of porphyritic intrusions that vary from
monzodiorite-diorite through monzonite-granodiorite compositions and correspond
with porphyry coppergold and epithermal gold-silver mineralisation
Lithology
The Big Hill target exhibits features consistent with an Alkalic intrusive complex, with
mineralogy and textures typical of the Cadia Intrusive Complex, including outcropping
monzogabbro, diorite, monzodiorite & mafic monzonite porphyry dykes and small plugs or
'apophyses'.
Intrusives have intruded interpreted Cadia and Boda equivalent stratigraphy being the Late
Ordovician Oakdale Volcanics, including an upper volcanic dominant and lower volcano-
sedimentary package equivalent to the Forest Reef Volcanics & Weemalla Fm at Cadia and
Kaiser Volcanics & Bodangora Fm at Boda.
An upper sequence consisting of basalt, andesite, trachyte & latite lavas, volcaniclastics and
sub volcanic intrusions including feldspar-pyroxene porphyry dykes has been recognised.
The lower sequence dominated by finely laminated, interbedded, volcaniclastic siltstones and
sandstones, with localised skarn horizons.
The geology of the area comprises N-striking fault-bounded slices of Ordovician,
Silurian and Devonian rocks. The main bounding structures are major E-dipping thrusts
of regional extent. One of these, the Neurea Fault, brings Silurian Mumbil Group
sedimentary rocks and Devonian Cuga Burga Volcanics and the youngest Ordovician
units in the hanging wall, into contact with Early Ordovician Mitchell Formation and
Hensleigh Siltstone in the footwall. The Narragal Fault is the bounding E-dipping thrust
on the eastern side of the Molong Volcanic Belt (MVB).
Kincora is exploring for porphyry-style copper and gold mineralisation, copper-gold
skarn plus related high sulphidation and epithermal gold systems.
Drill hole
Information
A summary of all information material to the
understanding of the exploration results including a
tabulation of the following information for all Material
drill holes:
easting and northing of the drill hole collar
elevation or RL (Reduced Level – elevation above sea
level in metres) of the drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the
basis that the information is not Material and this
exclusion does not detract from the understanding of
the report, the Competent Person should clearly
explain why this is the case.
Kincora is yet to undertake drilling at Cundumbul.
Further details of exploration efforts and data of other
parties are providing in the March 1
st
, 2021, Independent Technical Report included in the ASX
listing prospectus, which is available at:
https://www.kincoracopper.com/investors/asx-
prospectus
Data
aggregation
methods
In reporting Exploration Results, weighting averaging
techniques, maximum and/or minimum grade
truncations (e.g. cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths
of high grade results and longer lengths of low grade
results, the procedure used for such aggregation
should be stated and some typical examples of such
aggregations should be shown in detail.
The assumptions used for any reporting of metal
equivalent values
should be clearly stated.
N/A
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in the
reporting of Exploration Results.
If the geometry of the mineralisation with respect to the
drill hole angle is known, its nature should be
reported.
If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg 'down hole length, true width not known').
Due to the uncertainty of mineralisation orientation, the true width of mineralisation is
not known at Cundumbul.
Intercepts from historic drilling reported at other projects are also of unknown true
width.
Diagrams
Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for any
significant discovery being reported These should
include, but not be limited to a plan view of drill hole
collar locations and appropriate sectional views.
Relevant diagrams are included in the body of the report.
Balanced
reporting
Where comprehensive reporting of all Exploration
Results is not practicable, representative reporting of
both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration
Results.
Kincora is yet to undertake drilling at Cundumbul.
Further details of exploration efforts and data of other parties are providing in the March 1
st
,
2021, Independent Technical Report included in the ASX listing prospectus, which is available
at:
https://www.kincoracopper.com/investors/asx-prospectus
Other
substantive
exploration
data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating
substances.
No other exploration data is considered material to the reporting of results at
Cundumbul. Other data of interest to further exploration targeting is included in the
body of the report.
Historic exploration data coverage and results are included in the body of the report
for Kincora's other projects.
Further work
The nature and scale of planned further work (e.g.
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided this
information is not commercially sensitive
.
Further drilling is proposed to following recent results at the Cundumbul target and the
Company plans to drill other project areas that have complementary but insufficiently
tested geochemistry and geophysical targets with the aim to find: (a) and expand near
surface copper-gold skarn mineralization overlying or adjacent to (b) underlying
copper-gold porphyry systems.
SOURCE
Kincora Copper Limited
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2021/19/c2972.html
%SEDAR: 00003952E
For further information:
Sam Spring, President and Chief Executive Officer,
[email protected] or +61431 329 345; For media enquiries: Media & Capital
Partners, Angela East: [email protected]
CO: Kincora Copper Limited
CNW 05:30e 19-MAY-21