Intersects Deeper Targets In NSW
Kincora Copper Ltd (TSXV: KCC) continues to be encouraged by its drilling activities at the Trundle brownfields project located in the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia.
“The latest drill hole at the Trundle Park prospect, TRDD012, was targeted to make a deeper intersection of the structurally controlled covellite-pyrite-chalcocite massive sulphide mineralization intersected at shallow depth in hole TRDD011,” John Holliday, Technical Committee chair, said,
“TRDD012 looks particularly positive as our site geologists report it has intersected the best observed primary bornite and chalcopyrite zones to date at the Trundle project.
“The zones are coincident with magnetite, with some intervals also hosting covellite and chalcocite. TRDD012 and TRDD011 provide encouragement for increased grade potential, vectors towards the more favourable part of the mineralised system and of an improved geological model for the Trundle Park prospect.”
President and CEO, Sam Spring, said recent drill results have provided the confidence to mobilise a second drill rig at Trundle, looking to build momentum into the proposed listing on the ASX and increased site access post the recent harvest period.
“Drilling to date, assays to come and increasing confirmation of our exploration concepts at Trundle certainly provide significant encouragement and suggest that Kincora won’t be a (only) C$16 million market capitalised company for much longer.
“We would like to thank our team, contractors, our drilling contractor DrillIt, and local stakeholders for their support during this field season and their contribution to the significant progress made at Trundle in 2020.”
Previously reported drill hole TRDD011 intersected intense structurally controlled mineralisation hosted within near surface skarn alteration. TRDD011 extended the mineralised skarn horizon to the northwest of TRDD001 and was followed up by a 50m step back to the south-east with TRDD012, which is a 80m step out to the south of TRDD001. TRDD012 sought to intersect the down-dip extension of previously intersected higher grade, near surface intervals, and to better understand the width potential of the skarn horizons.
TRDD012 was drilled to 581n and was extended beyond the original target depth of 400m due to the extension of skarn alteration and mineralization intersected.
The average depth of prior explorer drilling at the Trundle Park prospect is 28m, with only two diamond core drill holes completed to moderate depths. Benefitting from this field season’s deeper diamond core drilling program, relogging of Kincora’s core has resulted in a change in current drill hole orientation towards the northwest. “Our activities are resulting in a significantly improved understanding of the bedding direction hosting the skarn horizons, along with key structures/faulting and the identified multiple phases of mineralisation within the skarn, all supporting a substantial mineralising event and provide further vectors to the targeted causative intrusion system,” Mr Spring said