Kincora Copper Limited (ASX/TSXV: KCC) has confirmed an extensive multiple system gold-copper complex with drilling success in all five diamond holes of the current Trundle project programme in the Lachlan Fold Belt (LFB) in NSW, Australia.
The ongoing programme is seeking to test a total of 13 gold-copper discovery opportunities across a pipeline of five projects.
The results of this program further illustrate the very extensive scale (3.2km and open) of the mineralised zone at the southern portion of the Trundle license. The zone has demonstrated higher grade potential, including most recent assay results of up to 2.24% copper and 1.75g/t gold,” Peter Leaman, VP of Exploration, said.
“The most northern three holes intersected significant zones of mineralisation and alteration from near surface in a composite intrusive system, including the strongest and longest interval of potassic (biotite) alteration to date at the project within the North-East Gold Zone.
“To the south, an extensive mineralised magnetite skarn has been discovered by Kincora along a 900m NW–SE trending strike from over 800m vertical depth in the Southern Extension Zone to only 240m at the adjacent Botfield prospect. This is a very significant mineralising skarn system, with the porphyry intrusive source rocks and pathways to the skarn open for further exploration.
“Alteration zones and grades encountered in all holes of this program are suggestive of being in a proximal porphyry setting and continue to strongly support our exploration concept that Trundle has the potential for a series or cluster of porphyry- related ore deposits.
“Following receipt of pending assays a detailed workshop is scheduled to design more drill targets at Trundle, as drilling continues at the Condobolin project and as we work through a large number of gold-copper discovery opportunities across a pipeline of five projects.”
Kincora has now completed five diamond drill holes at four adjacent but separate mineral system targets at its flagship Trundle project, located in a brownfield setting within the Northparkes Igneous Complex of the Macquarie Arc. All holes have intersected zones of gold-copper mineralisation at shallow depths with broader lower grade intervals and localised higher grades.
Assay results returned for four holes, and detailed geological logging of all holes, are suggestive of an interpreted proximal setting to the targeted porphyry intrusions. This setting, coupled with the coincident magnetic response, across a long strike, and open both to the north and south, strongly supports the company’s concept that the southern portion of the Trundle project has the potential for a series or cluster of high-grade and gold endowed porphyry copper and skarn deposits.
Kincora’s drilling has confirmed a 3.2km mineralised strike, from shallow depths, up to 900m wide (open) and vertical depth of greater than 800m.
The observed alteration and mineralisation at each prospect drilled during this program are interpreted to be analogous to a proximal setting in comparison to the deposits at Northparkes and Cadia mines.
A workshop, led by the company’s technical committee, is scheduled for the end of the month to undertake an analysis and review, pending results, to assist and plan follow-up exploration activities and drilling at the Trundle project.
In the interim, a maiden Kincora drilling programme has commenced at the Condobolin project, located within the Cobar Superbasin and serviced from the company’s Trundle regional base. This program will test three near surface, high-grade gold-base metal targets within a two km radius.