Kincora announces further positive visual drill results at Trundle Kincora's second hole at the Trundle project, at the Mordialloc target, has intersected strong halo indicators of a mineralized porphyry intrusion system confirming the targeted geological
Kincora announces further positive visual drill
results at Trundle
Kincora's second hole at the Trundle project, at the Mordialloc target, has intersected strong
halo indicators of a mineralized porphyry intrusion system confirming the targeted geological
setting. These indicators include significant intervals with visually interpreted localized moderate
copper grades and inner propylitic zone alteration.
The first two drill holes at both the Mordialloc porphyry and Trundle Park skarn-porphyry targets
have significantly expanded the scale and prospectivity of these target zones.
The Mordialloc and Trundle Park targets are located 8.5km apart and interpreted to lie within
the same mineralized complex as
Australia's
second largest porphyry mine at Northparkes,
further illustrating the scale and potential for mineralized systems at the Trundle project.
The third of the six-hole program is in progress testing the Bayleys porphyry target.
Assay results from initial Trundle Park and Mordialloc drill holes are anticipated within 4 weeks
and 5-6 weeks respectively.
VANCOUVER, BC
,
June 9, 2020
/CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:
KCC) is pleased to advise that the second diamond drill hole (TRDD002) of our maiden drilling
program at the Trundle project, within the Mordialloc target, has been completed at 790 metres
depth.
Hole TRDD002 has intersected significant intrusion hosted intervals with the targeted geological
setting of a high-level, preserved porphyry system confirmed. The Mordialloc porphyry target is
located approximately 8.5 km north of TRDD001 drilled at the Trundle Park skarn-porphyry target
(visual results announced
May 19
th
, 2020).
John Holliday
, Chairman of Kincora's Technical Committee, and
Peter Leaman
, Senior Vice-
President of Exploration, commented:
"While caution must be held without assay results the visual results of the second hole at the
Mordialloc target are very encouraging.
The scale of the mineralised systems and our geological concepts has been confirmed in the first
two holes of this drilling program at two targets 8.5km apart. Historically at Trundle over 60,000
metres have been drilled, but over 92% of these holes have been within the top 50 metres to
surface, a depth that the existing major mines in this belt suggest is just too shallow.
Kincora's initial two deeper holes have returned the most significant skarn intervals and porphyry
intrusion system intervals to date at the Trundle project
. More drilling is now required to vector
towards the potential cores of the respective targeted systems. We are very excited by the drilled
indications so far. "
Hole TRDD002 was drilled to 790 metres, relative to a planned 700 metres, testing laterally
eastward from previous explorer drilling which had returned metal grades comparable to the
peripheral parts of the Northparkes deposits, with improving grades down hole, open and coincident
with an untested deeper geophysical target. Kincora's deeper exploration strategy is similar to that
applied in the discovery of Alkane Resources' Boda deposit, and the other major porphyry deposits
in the NSW Lachlan Fold Belt (Northparkes, Cadia and Cowal).
Further drilling as part of Kincora's maiden and ongoing six-hole program at the Trundle project is
proposed to follow up the initial positive drill results at the Trundle Park and Mordialloc targets, with
the drilling rig currently testing the Bayleys porphyry target (TRDD003), located approximately 1km
north-east of the Mordialloc target, and then moving back to Trundle Park.
Figure 1:
Significant porphyry intrusion system intervals at the Trundle project in Kincora's
first hole testing the Mordialloc target
Hole TRDD002 has returned intervals with visually interpreted localized moderate copper grades and
inner propylitic zone alteration
Figure 1: Significant porphyry intrusion system intervals at the Trundle project in Kincora’s first hole
testing the Mordialloc target
Hole TRDD002 has returned intervals with visually interpreted localized
moderate copper grades and inner propylitic zone alteration (CNW Group/Kincora Copper Limited)
Figure 2:
Targeted geological setting of high-level, preserved porphyry system confirmed,
analogous to Cadia, Northparkes and Boda
Hole TRDD002 has returned better widths, alteration and interpreted mineralization than previous
drilling at the Trundle copper-gold porphyry project - preliminary review section
Figure 2: Targeted geological setting of high-level, preserved porphyry system confirmed, analogous
to Cadia, Northparkes and Boda
Hole TRDD002 has returned better widths, alteration and
interpreted mineralization than previous drilling at the Trundle copper-gold porphyry project
-
preliminary review section (CNW Group/Kincora Copper Limited)
The Trundle project
The Trundle project is located 30km west of the China Molybdenum Company Limited (CMOC)
operated Northparkes copper-gold project, in the same Northparkes Igneous Complex.
Past explorer drilling has been extensive with the completion of 2208 holes for 61,146 metres but
deeper drilling into the basement utilising modern exploration knowledge has been limited.
Over 92% of prior drilling has been to less than 50 metres depth with just 11 holes beyond 300
metres (0.5% of holes drilled). Existing significant drill intersections supports vectoring to very
compelling targets for Kincora's ongoing phase 1 drilling program at three existing mineralised
systems – Trundle Park, Mordiallic and Bayleys. These systems have not been drilled since industry
leading Induced Polarisation survey's, including HPX's proprietary Typhoon system, and magnetic
modelling were completed.
Further background information
June 9
th
, 2020: Kincora corporate presentation:
https://www.kincoracopper.com/investors/presentations
June 9
th
, 2020: RRS Special Event: Investor Webinar featuring Kincora Copper (TSX.V: KCC)
and RareX (ASX: REE)
April 7
th
, 2020:
Richard Schodde
and
John Holliday
video interview of the Lachlan Fold Belt
https://www.kincoracopper.com/investors/interviews
Noted upcoming relevant event
June 19
th
, 2020:
John Holliday
- Cadia Discovery
A discovery history talk about the acquisition of Cadia by BHP Gold and the subsequent
recognition of the porphyry mineralisation potential leading to the discovery and development of
the Cadia Hill,
Cadia East
and
Cadia Ridgeway
deposits by Newcrest. Free registration:
https://thegeohug.com/june-19th
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
Peter Leaman
(M.Sc. Mineral
Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and
John Holliday
(BSc
Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and
Technical Committee Chairman, who are the Qualified Persons for the purpose of NI 43-101.
The review and verification process for the information disclosed herein for the Trundle 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.
About Kincora Copper Limited
(KCC – TSXV)
Kincora is an active junior and systematic explorer seeking to make a major discovery in
Mongolia
,
the Lachlan Fold Belt in
Australia
and other prospective complementary jurisdictions.
Our technical team is credited with multiple discoveries of Tier 1 copper assets. In 3Q'19, Kincora
made the strategic decision to opportunistically pursue entry into the Macquarie Arc, in Central West
of NSW. This is
Australia's
foremost porphyry belt, home to the giant Cadia, Northparkes mines and
recent Boda discovery by Alkane Resources.
The Macquarie Arc is synergistic with Kincora's core focus. It offers: the same scale of target
(world-class); the same commodity mix (copper-gold or gold-copper); the same mineralized setting
(porphyry and/or epithermal gold); supports a similar systematic exploration approach/exploration
methods; and, is a region where the team has had significant exploration success.
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) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
Kincora Copper Limited
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For further information:
Sam Spring, President and Chief Executive Officer,
[email protected] or +61431 329 345
CO: Kincora Copper Limited
CNW 06:00e 09-JUN-20