Significant Interval Intersected In Second Hole
Kincora Copper Ltd’s (TSXV:KCC) second diamond drill hole of its maiden drilling programme at the Trundle project, within the Mordialloc target in New South Wales, Australia, has returned positive initial results.
John Holliday, Chairman of Kincora’s Technical Committee, said hole TRDD002 has intersected significant intrusion hosted intervals with the targeted geological setting of a high-level, preserved porphyry system confirmed.
The Mordialloc porphyry target is located approximately 8.5 km north of TRDD001 drilled at the Trundle Park skarn-porphyry target.
“While caution must be held without assay results the visual results of the second hole at the Mordialloc target are very encouraging,” Mr Holliday said.
“The scale of the mineralised systems and our geological concepts has been confirmed in the first two holes of this drilling programme at two targets 8.5km apart.
“Historically at Trundle over 60,000 metres have been drilled, but over 92% of these holes have been within the top 50 metres to surface, a depth that the existing major mines in this belt suggest is just too shallow.
“Kincora’s initial two deeper holes have returned the most significant skarn intervals and porphyry intrusion system intervals to date at the Trundle project.
More drilling is now required tovector towards the potential cores of the respective targeted systems. We are very excited by the drilled indications so far.”
Hole TRDD002 was drilled to 790m, relative to a planned 700m, testing laterally eastward from previous explorer drilling which had returned metal grades comparable to the peripheral parts of the Northparkes deposits, with improving grades down hole, open and coincident with an untested deeper geophysical target.
Mr Holliday said Kincora’s deeper exploration strategy is similar to that applied in the discovery of Alkane Resources’ Boda deposit, and the other major porphyry deposits in the NSW Lachlan Fold Belt (Northparkes, Cadia and Cowal).
Further drilling as part of Kincora’s maiden and ongoing six-hole program at the Trundle project is proposed to follow up the initial positive drill results at the Trundle Park and Mordialloc targets, with the drilling rig currently testing the Bayleys porphyry target (TRDD003), located approximately 1km north-east of the Mordialloc target, and then moving back to Trundle Park.
The Trundle project is located 30km west of the China Molybdenum Company Limited (CMOC) operated Northparkes copper-gold project, in the same Northparkes Igneous Complex.
Past explorer drilling has been extensive with the completion of 2208 holes for 61,146 metres but deeper drilling into the basement utilising modern exploration knowledge has been limited.
Over 92% of prior drilling has been to less than 50 metres depth with just 11 holes beyond 300 metres (0.5% of holes drilled). Existing significant drill intersections supports vectoring to very compelling targets for Kincora’s ongoing phase 1 drilling program at three existing mineralised systems – Trundle Park, Mordiallic and Bayleys. These systems have not been drilled since industry leading Induced Polarisation survey’s, including HPX’s proprietary Typhoon system, and magnetic modelling were completed.