Kincora Copper’s (ASX:KCC) first drill holes into three prospects at the Trundle project in NSW, Australia have intersected significant zones of mineralization at shallow depths.
Highlights:
- RDD035 at Dunn’s North prospect returned 12.5m at 2.77g/t gold from 77.5m, including 2m at 14.2g/t gold.
- TRDD036 at Dunn’s South prospect returned 31m at 0.49g/t gold, 0.25% copper and 55ppm molybdenum from 65.9m, including 8.6m at 1.21g/t gold, 0.26% copper and 90ppm molybdenum from 65.9m, with 1m at 6.88g/t gold, 0.30% copper and 46ppm molybdenum.
- Assay results from the Botfield prospect are pending, but notable zones of visible mineralization have already been prioritized for assay results.
- The Trundle project is less than 30km from the mill at the Northparkes mine, while FMG and Rimfire Pacific Mining have both started drilling next door to Trundle, testing its margins.
“Kincora’s first three drill holes from the current drill programme at Trundle have been very encouraging, with all having intersected zones of potential ore grade mineralization at relatively shallow depths,” John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, said.
“The Botfield massive, mineralized magnetite skarn intersection has indicated that the 0.75-1km long Botfield magnetic high anomaly is likely caused by a large magnetite skarn body. This is interpreted to be part of a very large porphyry-related copper-gold system. The magnetic anomaly had not been tested effectively by historic drilling. The Botfield prospect will be followed up by a priority hole into the core of the magnetic anomaly 250m further to the east.
“We believe the Botfield skarn is the uplifted, nearer surface part of the extensive and well mineralized skarn system at our previously discovered Southern Extension Zone. Botfield hole TRDD037 intersected massive magnetite skarn from only 330m vertical depth compared to 710m vertical depth in TRDD032 located 430m to the west.
“Additionally, intersecting porphyry style mineralization at shallow depths with good grades at the Dunn’s North and South prospects, located 640m apart, provides significant encouragement in a new area of exploration. Our understanding of these new prospects has been greatly improved with gold and porphyry A veins logged at Dunn’s North and gold, copper and notably high molybdenum grades at Dunn’s South. A review of these prospects, and adjacent open prospects, is ongoing.”
Kincora’s new phase of drilling at the Trundle project commenced in January, and is testing five adjacent systems and separate large-scale porphyry targets across an existing 3.2km mineralized strike.
Assay results have been returned for Kincora’s first holes at the Dunn’s North and Dunn’s South prospects, located 640m apart. These assays have confirmed significant zones of potentially ore grade porphyry mineralization at shallow depths.
Petrology and fertility analysis is pending with a review commenced of these prospects, and adjacent open prospects, for follow up exploration.
While assay results are pending for the first hole drilled at the Botfield prospect, notable zones of visible mineralization have been prioritized. These include a zone of coarse chalcopyrite- bornite-pyrite epithermal veins, as well as massive and banded magnetite pyrite-chalcopyrite skarn horizons.
A step out hole from previous shallow intrusive mineralization at the North-East Gold Zone is in progress, with a priority follow up hole at the Botfield prospect then planned.
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