Join our daily newsletter At The Bell to receive exclusive market insights
- Kincora Copper (KCC) begins a new phase of drilling at the Dunn’s North prospect at the Trundle project in NSW
- The high impact drilling follows shallow ore grade mineralisation of 10 metres at 1.99 grams per tonne of gold and 0.12 per cent copper from just 36 metres
- The new phase of work includes testing five adjacent system and separate large scale porphyry targets across an existing 3.2 kilometre mineralised strike
- Trundle is the only brownfield project held by a listed junior in Australia’s foremost porphyry belt
- KCC is up 9.88 per cent, trading at 8.9 cents at 12:15 pm AEDT
Kincora Copper (KCC) has started a new phase of drilling at the Dunn’s North prospect within the brownfield Trundle Project, in the Macquarie Arc of the Lachlan Fold Belt in New South Wales.
The introduction of high impact drilling follows shallow ore grade mineralisation uncovered at the Dunn’s North prospect, including 10 metres at 1.99 grams per tonne gold and 0.12 per cent copper from 36 metres.
These were returned around the margin of untested, coincident magnetic and induced polarisation (IP) geophysical features.
“The target is a larger porphyry deposit responsible for the ore grade mineralisation and the geophysical features,” KCC Technical Committee Chair John Holliday and Vice President of Exploration Peter Leaman commented.
KCC’s newest phase of drilling involves testing five adjacent system and seperate large scale porphyry targets across an existing 3.2 kilometre mineralised strike.
“The Dunn’s North prospect is the first to be tested of five high conviction, standalone, large-scale, new porphyry discovery opportunities that are scheduled to be drilled during this program at Trundle,” Mr Leaman and Holliday said.
“This conviction is underpinned by strong geological vectors and complementary geophysics identified in our recent extensive technical reviews.”
The company said Trundle is the only brownfield project held by a listed junior in Australia’s foremost porphyry belt and is located within the same mineralised complex as Australia’s largest porphyry mine.
Kincora confirmed its program will include around 3350 metres of diamond drilling, continuing into the middle of Q2 2023, with first assays expect in March 2023.
Company shares were up 9.88 per cent, trading at 8.9 cents at 12:15 pm AEDT.
