First Hole Hits High-Grade Gold And Copper
Kincora Copper Ltd (TSXV:KCC) has received promising assay results from the first hole at the Trundle project, with multiple significant intervals of gold and copper mineralisation intersected within the Trundle Park target in NSW, Australia.
Technical Committee chair, John Holliday, said it is not often that you see such high grades near surface within a porphyry environment.
“The assay results support previously announced visual interpretations of multiple zones of significant gold and copper mineralisation,” Mr Holliday said.
“This supports the skarn being a standalone target at depths and intervals often mined by both open cut and underground methods, but the high-grade zones within broader moderate mineralised zones are very importantly illustrating significant magmatic fluids associated with the adjacent porphyry intrusion system, which is a much larger target.
“These results from this first hole at the Trundle Park target, plus visual indications from the second hole 8.5km north at the Mordialloc target are very encouraging.
“The Trundle project is interpreted to sit within the interpreted Northparkes Intrusive Complex, placing Kincora in a unique global setting being a listed junior exploring a large system in a prospective brownfield field setting.”
Mr Holliday said the skarn and porphyry intrusion system setting intersected at the Trundle Park target is a common geological setting of many large porphyry systems. Within the Macquarie Arc, the Big and Little Cadia skarns at Cadia have produced an estimated 140,000t of high-grade copper (5-7%) and greater than 1.5Mt iron ore2, and were important to the discovery of multiple adjacent causative intrusions and deposits that make up the largest porphyry system in Australia.
The average depth of prior drilling at the Trundle Park target is only 28 metres.
The fourth hole of the ongoing maiden Kincora drilling programme at the Trundle project, and follow up hole to TRDD001, has recently been completed at the Trundle Park target (detailed review of core pending) with drilling activities remobilised to complete the previously announced third hole at the Bayleys porphyry target.
Assay results from Kincora’s second hole at the Mordialloc target (TRDD002), are expected within two weeks.
Mr Holliday said TRDD002 has intersected strong alteration halo indicators of a mineralized porphyry intrusion system supporting the targeted geological setting of a high-level, preserved porphyry system. These indicators include significant intervals with visually interpreted localized moderate copper grades and inner propylitic zone alteration. A follow up hole at the Mordialloc target is expected to commence in July.