Positive Assay Results For The Trundle And Fairholme Projects

Kincora Copper Limited (the Company, Kincora) (TSXV & ASX: KCC) is pleased to provide a highly encouraging exploration update following drill hole assay results from the Trundle and Fairholme projects, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.

• Trundle project: re-assays of high grade zone in hole TRDD032
  • Highest grade primary mineralisation interval ever drilled at the Trundle project from only the fourth hole (TRDD032) at the emerging Southern Extension Zone (SEZ) discovery within the Trundle Park prospect
  • Duplicate assays undertaken to confirm the metal tenor from the zone which hosts a probably porphyry vein with chalcopyrite-pyrite-quartz
  • 2m at 19.9 g/t gold and 2.43% copper – original assay 12.6 g/t gold and 2.32% copper
    – within a broader zone containing 34m @ 1.45 g/t gold and 0.25% copper 1

• Fairholme project: successful air-core program converts two anomalies into highly prospective targets and extends the mineralised system strike at the Gateway target to >1.6km, fully open to the south
  • Gateway target: second phase Kincora drilling program returns anomalous gold and copper results in all nine holes, including grades of up to 3.35g/t gold
  • 900m additional mineralised footprint strike confirmed by air-core drilling (and open), with noteworthy results along the most southern trend
    • 10m at 1 g/t gold and 0.34% copper (hole FHAC008)
    • 30m at 0.17% copper and 0.12g/t gold (FHAC011)
  • Driftway C target: all three holes returned broad anomalous end of hole copper
    
    • 18m at 0.11% copper (hole FHAC020)
  • Anomaly 2 target: intersected intrusion related anomalous copper
    • 20m at 0.11% copper (hole FHAC003)
    • 6m at 0.13% copper (FHAC001)
  • The Fairholme project hosts a number of large mineralised systems across a 16km strike located adjacent and on strike from Evolution Mining’s flagship Cowal mine and wider regional exploration portfolio (total endowment ~15Moz gold and >0.5Mt copper 2)
  • Follow up air-core and diamond drilling is being planned to expand the open near surface footprints and evaluate the untested potential for underlying porphyry gold-copper related systems at shallow to moderate depths

John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, noted:

“The confirmed very high-grade result for the chalcopyrite-rich veined interval in hole TRDD032 is strongly encouraging new evidence for the presence of potential ore grade porphyry vein mineralisation at Trundle Park, additional to the already discovered significant skarn mineralisation.

At the Fairholme project results from our maiden air-core drilling program are very encouraging with two of four historic single hole anomalies converted to prospective and priority targets, and the large mineralised system at the Gateway target confirmed to over 1.6km and open.

The results include some of the highest gold grade air-core results to date at the project (at Gateway), attractive broad end of hole copper at Driftway C and good grades also at Anomaly 2, with these targets all open on strike and porphyry potential at depth untested.

Our plan is to continue advancing these high priority targets with the next stages of drilling at both Trundle and Fairholme.”

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