Kincora Copper Limited (the Company, Kincora) (TSXV & ASX:KCC) is pleased to provide an exploration update from ongoing drilling at Trundle Park prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.
- Assay results for TRDD014W1 return significant higher gold grade skarn intervals and broad intervals of porphyry style intrusions at the Trundle Park prospect;
- 42m @ 0.42 g/t gold and 0.12% copper from 358m, including:
- 10m @ 1.13 g/t gold and 0.32% copper from 382m
- 48m @ 0.19 g/t gold and 0.03% copper from 458m
- 122m @ 0.16g/t gold and 0.03% copper from 596m
- 10m @ 0.21g/t gold and 0.06% copper from 750m
- 16m @ 0.11g/t gold and 0.07% copper from 860m
- For the first time at the Trundle Park prospect most recently completed hole TRDD028 intersected broad porphyry style intrusions from near surface (to 467m), with the targeted deeper intrusive body also intersected (assay results pending);
- Assay results for TRDD022 (162m @ 0.24 g/t gold and 0.04% copper, including 18m @ 0.75 g/t gold and 0.09% copper), TRDD014/W1 and visual interpretation of TRDD028 provided further confidence of proximity to the core of a large porphyry intrusive system, vectors for follow up drilling and support the working model of a vertically extensive mineralized intrusive system that has both open pit and underground target potential;
- Hole TRDD029 has commenced testing nearer surface intrusive potential, and also western and southern strike for both skarn and porphyry type intrusion mineralization at depth.
John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, noted:
"The occurrence of the targeted porphyry intrusive system from surface to depth in TRDD028 (assay results pending) provides a new nearer surface and potentially open pit target in addition to the known deeper parts of the system at the Trundle Park prospect. This is a very positive development and consistent with a number of the vertically extensive intrusive deposits at Northparkes that extend from nearer surface to depth.
Assay results for TRDD014W1 confirmed our initial visual interpretations with broad intrusive intervals and higher-grade skarn zones. The widths of mineralised intervals returned in TRRD014W1 and visual intrusions in TRDD028 are very encouraging.
We continue to see the right rocks and alteration in what is an increasingly large intrusive system. The recently commenced hole TRDD029 will test the nearer surface intrusive, and southern and western depth potential, with the west and south still open for further follow up drilling as we seek to intersect the higher grade and inner potassic core of the intrusivesystem.”
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