Sultan’s Big Hill Programme May Open Up Nearology Opportunities At Cundumbul
Kincora Copper Ltd (ASX & TSXV – KCC) is taking a close watch on neighbour Sultan Resources Ltd, which has commenced drilling of its Big Hill gold copper porphyry target that sits on the license boundary of Kincora’s Cundumbul project in NSW, Australia.
Permits for up to 4500m of diamond drilling are in place with a first pass, three-hole programme for 1200m commenced and is expected to take only four weeks, with drill collars within 300m of the Cundumbul license boundary,
Sultan states that the Big Hill target displays coincident and complimentary magnetic and Induced Polarisation (IP) responses, high grade copper and gold rock chips, distinct gold and copper plus pathfinder element geochemical soil anomalism and porphyry-style alteration within host-rock geology and a structural setting consistent with the upper or outer parts of an alkalic porphyry gold copper system such as Cadia and Boda. The Big Hill target is located approximately 50km in equal distance to both Cadia and Boda in the Molong Belt of the Macquarie Arc of the Lachlan Fold Belt.
The Big Hill magnetic complex is approximately 5km long by 2.5km wide situated within both the Sultan and Kincora licenses. A recent IP survey by Sultan has identified a large-scale IP chargeability anomaly approximately 1km long by 650m wide extending to 500m1 on their portion of the Big Hill magnetic complex straddling the license boundary.
“Since Sultan secured its portfolio in the Lachlan Fold Belt in March 2020 it has been actively advancing the Big Hill target as a priority with boots on the ground exploration,” Kincora President and CEO, Sam Spring, said.
“This has resulted in the recently commenced first pass 3-hole program, with all holes collared within 300 metres of our license boundary and one proposed to be drilled up to the Cundumbul boundary.
“Sultan’s exploration approach and common large-scale magnetic complex target, of which up to 40% potentially sits on our ground, provides a template for Kincora to adopt should their drilling prove successful.
“We are watching with keen interest wishing Sultan all the best. The last exploration undertaken at the Cundumbul project was funded by Mitsubishi in 2015 and included only 844m of prior shallow drilling at other targets within the license.
“With our drilling ongoing at Trundle and Nyngan copper gold porphyry projects, and preparations to commence drilling our Fairholme gold project in July, Kincora is set to enjoy significant news flow across four strategically placed projects in the Macquarie Arc.”
