Kincora Copper Limited (TSXV & ASX: KCC) has been awarded an A$100,000 co-funding grant for the next phase of drilling at the emerging Southern Extension Zone discovery at the Trundle project in NSW, Australia.
The grant supports the first direct drill hole to follow up to the interpreted porphyry source that drove 19.9 g/t gold and 2.43% copper (in recent hole TRDD032), and the largest mineralised skarn system in NSW.
“Copper is a key pillar of the NSW Government’s Critical Minerals and High-Tech Metals Strategy. Recent discoveries in both the Macquarie Arc and Cobar Superbasin highlight the significant potential for further new globally significant copper projects within NSW’s Lachlan Fold Belt,” President and CEO, Sam Spring, said.
“We thank the State Government and Geological Survey of NSW for the direct financial support to Kincora and the wider industry via the New Frontiers Exploration Programme and A$130 million Critical Minerals and High-Tech Metals Activation Fund. These programmes provide material financial assistance and a strong pro-investment and pro-exploration to mining message to all stakeholders.
“The awards follow a competitive expert panel review process of applications, which were again in high demand. We feel this provides another independent validation of the emerging and very exciting Southern Extension Zone discovery at our flagship Trundle project.
“Our next hole at this target will test two settings for the porphyry source of what we believe is the largest mineralised skarn system in NSW, with the size of the skarn representative of the size of the porphyry source.
“The next phase of drilling at Trundle is scheduled to commence next month with the Company well funded and positioned to commence this high impact and high conviction drilling programme.”
Southern Extension Zone discovery and grant
Ore grade copper and gold in skarn has been intersected within the Southern Extension Zone (SEZ) over at least a 330m SSE strike and 225m W-E wide system (and open). The SEZ is a new blind discovery made by Kincora that materially extends the mineralized system at Trundle to the south.
Assay results for most recent diamond core hole TRDD032 has returned a broad ore grade interval with the highest-grade primary mineralisation interval to date the Trundle project – 2m at 19.9 g/t gold and 2.43% copper, within a broader zone containing 34m @ 1.45 g/t gold and 0.25% copper, within a total of 104m at 0.59 g/t gold and 0.11% copper from 748m.
In addition to intersecting prograde and structurally controlled strongly developed retrograde skarn alteration and mineralisation, common in all four holes to date within the SEZ, the high- grade interval in TRDD032 hosts a distinct and cemented chalcopyrite-pyrite-quartz- carbonate-muscovite-hematite porphyry vein cutting prograde garnet-pyroxene skarn.
The four completed holes (TRDD029-32) have confirmed a tabular, bedded, mineralised skarn system across multiple horizons with greater than 120m cumulative skarn widths in three of the four holes. This is very encouraging, large and significant in the context of the geology and mineralisation within the Macquarie Arc and assists to provide various vectors for follow up drilling.
The awarded co-operative funding grant supports the first direct follow up hole to the very high-grade porphyry vein in hole TRDD032 and the most southern diamond drill hole at the Trundle project. The grant application followed recent extensive internal and external expert technical reviews, including extensive relogging of core.
The grant will support the testing of two alterative skarn-causative intrusive porphyry settings. These include a lateral and vertical setting, similar to the respective Big Cadia skarn to Cadia Quarry porphyry and Little Cadia skarn to Cadia Far East porphyry settings.
The lateral target setting is at potential open pit depths, located under previous shallow bornite veins hosted within volcanics.
For further information please visit: https://kincoracopper.com/
