Kincora intersects broad mineralized zones at Trundle Part assay results for hole TRDD008 at the Trundle Park prospect returned the broadest grade mineralization intervals to date. The hole intersected two significant skarn zones:
Kincora intersects broad mineralized zones at
Trundle
Part assay results for hole TRDD008 at the Trundle Park prospect returned the broadest grade
mineralization intervals to date. The hole intersected two significant skarn zones:
87.7 metres @ 0.65 g/t gold and 0.19% copper from surface, including:
16.4 metres @ 1.51 g/t gold and 0.19% copper from surface; and,
8 metres @ 1.64 g/t gold and 0.57% copper from 66 metres.
19 metres @ 0.43 g/t gold and 0.21% copper from 388 metres, including:
4 metres @ 0.94 g/t gold and 0.57% copper.
Grade potential is further illustrated by intense structurally controlled visual mineralization in
ongoing hole TRDD011.
Ongoing drilling and relogging of core at the Trundle Park prospect are providing improved
geological understanding and vectors for the at/near surface skarn potential and also the
potential for a large related porphyry intrusion system.
Assay results for TRDD006 at the Mordialloc prospect returned extensive anomalous copper,
gold and molybdenum intervals associated with a coarse plagioclase phyric diorite intrusion.
These results further confirm that Mordialloc is a significant mineralized porphyry system
wherein the possible higher-grade core has not been located by the relatively limited drilling to
date.
VANCOUVER, BC
,
Nov. 30, 2020
/CNW/ - Kincora Copper Ltd. (the "Company", "Kincora") (TSXV:
KCC) is pleased to report further assay results from ongoing drilling at the Trundle brownfields
project located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia.
John Holliday
, Technical Committee chair, and
Peter Leaman
, Senior VP of Exploration,
commented:
"Recent drilling at both the Trundle Park and Mordialloc prospects have intersected
significant intervals of mineralization providing strong support of our exploration concepts and
targets.
Multiple and broad skarn horizons are being intersected at the Trundle Park prospect, at a scale
much larger than was identified by prior exploration groups.
Important advances have been made in the geological understanding of both prospects and in
obtaining good vector information potentially directing towards the core higher grade areas at
each."
Figure 1:
Trundle is the only brownfield porphyry project held by a listed junior in the
Macquarie Arc,
Australia's
foremost and gold rich copper porphyry belt
Trundle is the western section of the Northparkes intrusive complex, that hosts the second largest
porphyry mine in
Australia
, with initial Kincora drilling taking place at targets 8.5km apart
Figure 1: Trundle is the only brownfield porphyry project held by a listed junior in the Macquarie Arc,
Australia’s foremost and gold rich copper porphyry belt (CNW Group/Kincora Copper Limited)
Figure 2:
Kincora's eleventh drill hole of our maiden drilling program at the Trundle project is
ongoing
Figure 2: Kincora’s eleventh drill hole of our maiden drilling program at the Trundle project is ongoing
(CNW Group/Kincora Copper Limited)
Trundle Park prospect
Following a series of drill holes at the Mordialloc prospect while seasonal lambing concluded at the
Trundle Park prospect, particular encouragement for the targeted at/near surface skarn system has
been gained with deeper drilling ongoing also testing the potential for a larger causative porphyry
intrusion systems.
Assay results received for TRDD008 have returned two significant width and mineralized skarn
zones:
Surface zone: returned 87.7 metres @ 0.65 g/t gold and 0.19% copper from surface, including
16.4 metres @ 1.51 g/t gold and 0.19% copper from surface and 8 metres @ 1.63 g/t gold and
0.57% copper from 66 metres.
Second zone: 27 metres @ 0.10 g/t gold and 0.07% copper from 305 metres, 5 metres @ 0.18
g/t gold and 0.02% copper from 379 metres and 19 metres @ 0.43 g/t gold and 0.21% copper
from 388 metres, including 4 metres @ 0.94 g/t gold and 0.57% copper.
Further significant assay results for part of hole TRDD008 are provided in Table 1 with a current
interpreted cross section of the central Trundle Park prospect region in Figure 4.
TRDD008, coupled with other recent drilling and technical re-logging activities have considerably
improved the geological model for at the Trundle Park prospect, including:
(a) TRDD008 has significantly extended the skarn mineralization from hole TRDD001 to the south by
175m
along strike and also from surface (TRDD001 returned 51 metres @ 1.17 g/t gold and 0.54%
copper from 39 metres);
(b) TRDD008 has returned the broadest two intervals of visual mineralization associated with the
skarn alteration seen to date at the Trundle project, with multiple horizons intersected, increasing the
potential scale of the skarn as a standalone target;
(c) Indications from the alteration and skarn-replacement suggest potential for further skarn-horizons
to be located by subsequent step-outs from the drill hole collar towards the south and drilling back
across bedding towards the northwest;
(d) Provide supportive vectors and trends towards a potentially more proximal and hotter
temperature environment from TRDD007 to TRDD001 and then TRDD008, and the targeted
causative intrusive source of the mineralization in the skarn; and,
(e) Higher grade potential is further illustrated by intense structurally controlled visual mineralization
in ongoing hole TRDD011 (see Figure 3), hosted within further near surface skarn alteration
(TRDD011 seeking to extend the skarn horizon northwest of TRDD001). This is in addition to a
previous explorer interval of 2 metres at 20 g/t gold, 6.97% copper and 81 g/t silver from 64
metres
1
.
The average depth of prior explorer drilling at the Trundle Park prospect is only 28 metres with only
two diamond core drill hole to moderate depths. Benefitting from this field seasons deeper and
diamond core drilling, relogging of Kincora's core has resulted in a change in current drill hole
orientation towards the northwest. Our activities are resulting in a significantly improved
understanding of the bedding direction hosting the skarn horizons, along with key structures/faulting
and the identified multiple phases of mineralization within the skarn, all supporting a substantial
mineralizing event and provide further vectors to the targeted causative intrusion system.
Figure 3:
Intense structurally controlled visual mineralization in hole TRDD011
Fault bounded visually interpreted massive sulfide with coarse textured pyrite, covalite (blue-purple)
and chalcocite (grey) between 68.5 to 69.65 metres within a wider skarn zone
Figure 3: Intense structurally controlled visual mineralization in hole TRDD011 (CNW Group/Kincora
Copper Limited)
Photos of selected intervals which are not representative of the mineralization hosted on the
whole property but are of the lithology's intersected in the mineralized zones in this drill hole.
There is insufficient drilling data to date to demonstrate continuity of mineralized domains and
determine the relationship between mineralization widths and intercept lengths, true widths are
not known. Refer to Tables 1 and 2 and the QA/QC Procedures note for further details,
including cut off and dilution levels of reported significant intervals.
Table 1:
Trundle Park target hole TRDD008 - Anomalous results for part assays available
1
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
Mo (ppm)
Dilution (%)
TRDD008
0.0
87.7
87.7
*
0.65
0.19
1.11
16%
including
0.0
16.4
16.4
*
1.51
0.19
0.34
4%
including
0.0
6.0
6.0
3.73
0.25
0.67
0%
including
34.0
40.0
6.0
0.60
0.43
0.67
0%
including
52.0
87.7
35.7
*
0.69
0.24
0.17
3%
including
66.0
74.0
8.0
*
1.63
0.57
0.00
13%
and
134.0
142.0
8.0
0.26
0.12
2.25
0%
Pending
146.0
278.0
and
305.0
332.0
27.0
0.10
0.07
0.56
26%
and
379.0
384.0
5.0
0.18
0.02
0.00
20%
and
388.0
407.0
19.0
0.43
0.21
0.89
0%
including
394.0
398.0
4.0
0.94
0.57
2.58
0%
and
422.0
424.0
2.0
0.16
0.02
1.00
0%
Pending
424.0
490.0
Interpreted near surface skarn gold and copper intercepts are calculated using a lower cut of
0.20g/t an 0.10% respectively.
Porphyry gold and copper intercepts are calculated using a lower cut of 0.10g/t and 0.05%
respectively.
Internal dilution is below cut off; and, * Dilutions related with Core loss
Figure 4:
Very attractive grades at shallow depths at the Trundle Park prospect
Cross section of TRDD008 with current working interpretation of central Trundle Park geology
Figure 4: Very attractive grades at shallow depths at the Trundle Park prospect (CNW
Group/Kincora Copper Limited)
Further discussion on drill activities at Trundle Park are included in the Appendix to this press release
on page 7.
1
see RareX (then Clancy Exploration) ASX release dated 25 Jun'10 for further details.
The Mordialloc prospect
As previously announced, TRDD006 has returned encouraging visual alteration and sulphides
(including chalcopyrite). Assay results have reinforced the concept of close proximity to a potassic
and higher-grade core of the targeted system, with multiple significant intervals of anomalous
copper, gold and molybdenum.
TRDD006 has returned the broadest anomalous zones to date at the Mordialloc target including:
42m
@ 0.07% copper, 0.04g/t gold and 7.43ppm molybdenum from
62m
, hosted by intermixed
volcanoclastic rocks comprising andesite lava and greywacke;
306m
@ 0.10% copper, 0.06g/t gold and 19.4ppm molybdenum from
144m
, associated with a
coarse plagioclase phyric diorite intrusion;
98m
@ 0.11% copper, 0.07g/t gold and 17.6ppm molybdenum from
466m
, occurring intermixed
volcanoclastic rocks comprising andesite lava and greywacke; and,
2m
@ 0.98g/t gold, 0.02% copper and 2ppm molybdenum from
880m
, also hosted by
intermixed volcanoclastic rocks comprising andesite lava and greywacke.
Prior Kincora drill hole TRDD002 is proposed to be reopened and extended as interpretation of the
alteration and assay results suggest these may represent the halo of a mineralized porphyry
intrusion system.
Further drilling in addition to the extension of TRDD002 is proposed to test the targeted finger
porphyry setting and potential clustering of associated mineralized systems across a significant
strike where anomalous surface and end of hole geochemistry, and geophysics are complementary
– see Figure 2. Similar vectoring from drill hole alteration indicators was the exploration approach
that was the key to the discovery of Cadia-Ridgeway, the majority of the Northparkes deposits and
also Alkane Resource's recent discovery at Boda.
Figure 5:
TRDD006 at the Mordialloc target provided extensive anomalous copper, gold and
molybdenum intervals
Current working interpretation of Mordialloc geology: Alteration and mineralisation returned in
TRDD006, TRDD005 and CTD006 provide strong encouragement for close proximately for the
targeted high-grade potassic core of a Macquarie Arc "finger" or "pencil" porphyry target
Figure 5: TRDD006 at the Mordialloc target provided extensive anomalous copper, gold and
molybdenum intervals (CNW Group/Kincora Copper Limited)
Table 2:
Mordiall0c target hole TRDD006 - Anomalous results
1
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
Mo (ppm)
Dilution (%)
TRDD006
62.0
104.0
42.0
0.04
0.07
7.43
24%
including
62.0
70.0
8.0
0.05
0.09
7.25
0%
including
78.0
84.0
6.0
0.04
0.08
3.33
0%
including
86.0
98.0
12.0
0.05
0.09
15.33
0%
including
90.0
92.0
2.0
0.14
0.14
39.00
0%
and
144.0
450.0
306.0
0.06
0.10
18.35
14%
including
152.0
154.0
2.0
0.08
0.12
2.00
0%
including
242.0
244.0
2.0
0.34
0.07
29.00
0%
including
382.0
390.0
8.0
0.16
0.19
36.25
0%
including
384.0
386.0
2.0
0.24
0.31
52.00
0%
and
466.0
564.0
98.0
0.07
0.11
17.61
6%
including
514.0
516.0
2.0
0.35
0.17
9.00
0%
and
620.0
644.0
24.0
0.04
0.06
9.17
17%
and
732.0
734.0
2.0
0.08
0.14
3.00
0%
and
742.0
744.0
2.0
0.15
0.20
4.00
0%
and
764.0
766.0
2.0
0.05
0.08
1.00
0%
and
824.0
830.0
6.0
0.05
0.09
3.67
0%
and
880.0
882.0
2.0
0.98
0.02
2.00
0%
1- Porphyry gold and copper intercepts are calculated using a lower cut of 0.10g/t and 0.05%
respectively.
Internal dilution is below cut off; and, * Dilutions related with Core loss
Appendix - Central Trundle Park prospect continued…
Drilling recommenced at the central Trundle Park prospect with diamond hole TRDD007, a 150-
metre step out to north of previous hole TRDD001, testing a similar concept target of shallow high-
grade skarn and porphyry copper-gold source at the depth.
TRDD001 intersected multiple significantly mineralized skarn zones including 51 metres @ 1.17 g/t
gold and 0.54% copper from 39 metres and 18 metres @ 0.53 g/t gold and 0.05% copper from 284
metres. TRDD001 also intersected broad anomalous mineralization (including
21.1m
@ 0.25 g/t Au
and 0.03% Cu from
664m
to end of hole) in the outer zone of the targeted adjacent porphyry
intrusion system - see
July 6th, 2020
press release for further details.
While assay results are pending, visual geology logging of TRDD007 did not observe significant
skarn or porphyry related mineralization, in a weakly altered and faulted package of rocks.
Subsequent re-logging of this hole noted a major fault zone, dipping steeply to the west and sub-
parallel to the NNE-SSW striking Tullamore Thrust Zone.
The original northerly extension and target of skarn mineralization and testing the potential for a
causative intrusion remains untested by TRDD007 that is interpreted to have closed out the western
strike potential. Known shallow skarn hosted gold and copper mineralization has been intersected to
the north, east and south that remain open and TRD007 was a significant learning hole, which
coupled with recent re-logging and improvements to structural interpretation has resulted in a change
in current drilling orientation.
TRDD008 is a 175-metre step towards the southwest from the collar of TRDD001 (or an 80 metres
due south step out from the middle of the TRDD001 drill hole trace). From surface oxidized
volcanoclastic and greywacke rocks with strong skarn development of pale-yellow garnet-hematite-
magnetite-pyrite and minor chalcopyrite was observed to 104.8 metres.
This skarn zone is considered an upper zone, with volcanoclastic rocks measured to be dipping
moderately towards the south-southwest. A steeply dipping fault zone towards the west continued
from 104.8 metre to 135 metre downhole depth, mostly composed of sheared volcanoclastic rocks
along with some garnet skarn as clasts, suggesting post-mineral faulting.
From 135 metre depth and towards 216 metre downhole depth, an intermixed sequence of propylitic
altered greywacke and volcanoclastic rocks along with andesite lavas was observed. Progression of
patchy red-brown garnet-magnetite-pyrite commenced from 216 metre depth and became more
predominant at around 275 metre depth and onwards.
This lower skarn horizon comprising predominantly of brown-red garnet-magnetite-pyrite-with
associated chalcopyrite and some intervals of anhydrite was observed from 275 metre to the faulted
contact at 406.8 metre depth.
The scale of the two skarn horizons intersected in TRDD008 is much larger than that previously
identified at the Trundle project, providing both encouragement to the potential for the at/near skarn
system being a standalone target but also the scale of the larger system, and vectors to the
targeted causative porphyry intrusion.
Table 3:
Trundle project - Collar Information
Target
Hole#
Length (m)
Dip (°)
Azimuth (°)
RL
Easting (MGA)
Northing (MGA)
Core recovery
Previously reported
Trundle Park
TRDD001
685
60
251
270
570049
6352082
95.9%
Mordialloc
TRDD002
790
60
101
271
568443
6360363
98.2%
Bayleys
TRDD003
721
60
329
274
569230
6360641
99.5%
Trundle Park
TRDD004
694
55
264
271
569780
6352079
99.6%
Mordialloc
TRDD005
958
60
110
266
568439
6360204
97.3%
New results
Mordialloc
TRDD006
962
70
275
268
568599
6360206
98.9%
Trundle Park
1
TRDD007
521
60
264
272
570015
6352231
84.4%
Trundle Park
2
TRDD008
490
60
264
275
569924
6351963
97.1%
Trundle Park
1
TRDD009
445
60
310
270
569613
6352380
99.2%
Trundle Park
1
TRDD010
643
60
330
274
569964
6351922
96.4%
Total
6910
Trundle Park
3
TRDD011
55
330
273
570036
6352043
1
full assays pending;
2
part assays pending; &,
3
hole in progress
Upcoming Events:
Lowell Christmas
event and Kincora presentation (
Melbourne
)
8 December 2020
Mines and Money Connect Precious Metals Online (Global)
26-29 January 2021
Further details available at:
www.kincoracopper.com/investors/events
The Trundle project
Kincora's Trundle project is the only brownfield porphyry copper-gold project held by a listed junior in
Australia's
foremost porphyry belt, within the same mineralized complex as
Australia's
second
largest porphyry mine. Trundle is located west of the China Molybdenum Company Limited (CMOC)
operated Northparkes copper-gold mine/mill operation, within the same Northparkes Igneous
Complex.
Previous explorer drilling has been extensive at Trundle with the completion of 2208 holes for 61,146
metres, but deeper drilling utilising modern exploration knowledge has been very limited. Over 92%
of prior drilling has been completed to less than 50 metres depth and is considered to be too
shallow, with just 11 holes beyond 300 metres (0.5% of holes drilled).
Following positive initial drilling results from Kincora's maiden drilling program in
August 2020
, the
Company completed an oversubscribed
$5.33 million
equity raising, with proceeds primarily to be
used to expand the initial six hole program to over twenty drill holes with an additional 11,000 metres
of drilling. Kincora's primary targets, Mordialloc and Trundle Park, lie 8.5km apart and have not been
drill tested since the industry leading HPX proprietary Typhoon IP system and detailed magnetic
surveys were completed.
Drilling, Assaying, Logging and QA/QC Procedures
Sampling and QA/QC procedures are carried out by Kincora Copper Limited, and its contractors,
using the Company's protocols as per industry best practise.
All samples have been assayed at ALS Minerals Laboratories, delivered to Orange, NSW,
Australia
.
In addition to internal checks by ALS, the Company incorporates a QA/QC sample protocol utilizing
prepared standards and blanks for 5% of all assayed samples.
Diamond drilling was undertaken by DrillIt Consulting Pty Ltd, from Parkes, under the supervision of
our field geologists. All drill core was logged to best industry standard by well-trained geologists and
Kincora's drill core sampling protocol consisted a collection of samples over all of the logged core.
Sample interval selection was based on geological controls or mineralization or metre intervals,
and/or guidance from the Technical Committee provided subsequent to daily drill and logging
reports. Sample intervals are cut by the Company and delivered by the Company direct to ALS.
All reported assay results are performed by ALS and widths reported are drill core lengths. There is
insufficient drilling data to date to demonstrate continuity of mineralized domains and determine the
relationship between mineralization widths and intercept lengths.,
True widths are not known at this stage.
The following assay techniques have been adopted:
Gold: Au-AA24 (Fire assay), reported.
Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-
MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter report for
TRDD001 and former reported for holes TRDD002-TRDD010.
Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion with
ICP-AES analysis) has been assayed, but not reported.
Assay results >10g/t gold and/or 1% copper are re-assayed.
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 Copper is an active explorer and project generator focused on world-class copper-gold
discoveries.
The Company is currently drilling the only brownfield project (Trundle) held by a listed junior in
Australia's
foremost porphyry belt (the Macquarie Arc, in NSW), with district scale project pipeline,