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- Kincora Copper (KCC) begins drilling at the Fairholme Project in the Lachlan Fold Belt, New South Wales
- Drilling will focus on the Gateway prospect which hosts a north–south trending gold-copper-zinc corridor two kilometres in length and 300 metres in width
- Phase one diamond drilling is underway with five holes planned to follow up multiple high-grade copper-gold intervals from previous drilling
- Following completion of phase one drilling, Kincora will undertake phase two drilling to test multiple gold and copper anomalies
- Shares in Kincora are up 2.08 per cent and are trading at 24.5 cents at 10:38 am AEST
Kincora Copper (KCC) has begun drilling at the Fairholme Project in the Lachlan Fold Belt, New South Wales (NSW).
Drilling will focus on the Gateway prospect which hosts a north-south trending gold-copper-zinc corridor two kilometres in length and 300 metres in width.
Phase one diamond drilling is underway with five holes, for 1700 metres, planned to follow up multiple high-grade copper-gold intervals from previous drilling.
This forms part of much larger 39-hole, for 6000 metres, diamond drilling program across various prospects.
Technical Committee Chair John Holliday and Senior Vice President of Exploration Peter Leaman are pleased to begin drilling at a project where previous drilling has yielded high-grade results.
“The Fairholme Project hosts a number of prospects where favourable historical gold and copper-gold intersections have not adequately been followed up,” Mr Holliday and Mr Leaman said.
“Initial diamond drilling has commenced at the Gateway prospect testing a 400-metre strike within the wider prospective gold-base metals corridor following up previous broad and high-grade intervals.”
Following completion of phase one drilling, Kincora will undertake phase two diamond and shallow aircore drilling.
This work is designed to expand and infill a pipeline of prospects as well as test multiple gold and copper anomalies.
Shares in Kincora were up 2.08 per cent and trading at 24.5 cents at 10:38 am AEST.
