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- Kincora Copper (KCC) and joint venture partner RareX (REE) further confirm new discovery and broad intervals of gold and copper at the Trundle Park project in NSW
- Kincora is the operator of the project and has been undertaking a drilling campaign which delineated a new geological discovery in a southern extension zone
- The latest results from three drill holes have intersected a tabular, bedded, mineralised skarn system across over 240 metres of strike
- Assays are pending for the remaining holes, as well as aircore holes completed at two prospects to the north which tested anomalous copper-gold mineralisation
- Shares ended the day 17.4 per cent higher at 13.5 cents while REE shares were down 6.25 per cent to trade at 9 cents
Kincora Copper (KCC) and joint venture partner RareX (REE) have further confirmed a new discovery and broad intervals of gold and copper at the Trundle Park project in New South Wales.
Kincora is the operator of the project and has been undertaking a drilling campaign which delineated a new geological discovery in a southern extension zone.
The most recent results have reportedly added to the company’s understanding of this zone with three holes intersecting a tabular, bedded, mineralised skarn system across more than 240 metres of strike.
One hole in particular hit cumulative skarn of around 250 metres, along with quartz-carbonate-chalcopyrite vein sets in the Middle Skarn. Assay results from this intersection are expected in three weeks.
Technical Committee Chair John Holliday and Vice President of Exploration Peter Leaman said the results are very encouraging due to the location lateral and near to the margin of the primary target of a higher-grade large porphyry deposit.
“Widths, alteration and visual mineralisation of these skarn zones are providing vectors for follow-up drilling.”
“As we await assay results, we continue to systematically explore out from this new southern extension discovery zone, which remains open in all directions”.
The company has also completed an air-core drilling program comprising 50 holes which tested the wider intrusive complex as well as the extent of anomalous copper-gold mineralisation at open pit target depths to the north of Trundle Park at the Dunn’s and Ravenswood South prospects.
So far all holes are interpreted to have reached basement under shallow post-mineral cover, providing the company new end of hole lithology and geological understanding.
Samples are scheduled to be dispatched for assays this week with results expected in a further eight weeks.
KCC shares ended the day 17.4 per cent higher at 13.5 cents while REE shares were down 6.25 per cent to trade at 9 cents at market close.
