Technical Committee chair, and Peter Leaman, VP of Exploration, commented: '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. 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 porphyryrelated 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 5 projects.
Highlights of new results from Trundle
Botfield prospect - assay results for hole TRDD037 (western hole) with a high-grade vein and mineralised skarn from 112m and 330m vertical, respectively: 2.9m @ 0.95% copper and 0.62g/t gold within coarse banded chalcopyritebornite-pyrite veins (from 129-132m), including 0.9m @ 2.24% copper and 1.75g/t gold (from 131m).
31m of anomalous gold and copper within a banded magnetite-pyroxenefeldspar skarn with pyrite and chalcopyrite, and a later massive magnetitepyrite-chalcopyrite skarn (from 393-424m).
Botfield prospect - visual interpretation of hole TRDD0391 (eastern hole) with a highgrade vein and mineralised skarn from 80m and 240m vertical, respectively: Strong hydrothermal hematite-silica alteration overprinting early feldspar altered volcaniclastic conglomerate and coarse banded chalcopyrite-pyrite veins (from 92-94m).
Semi-massive to massive magnetite skarn, including early garnet veins overprinted by retrograde magnetite (massive) cut by a carbonate-chalcopyrite vein at 288.6m (from 284.5-322.40m).
Drilling update
Kincora Copper Limited (ASX & TSXV: KCC, Kincora or the Company) is pleased to provide an exploration update from drilling activities in the Lachlan Fold Belt (LFB) in NSW, Australia, as the ongoing program seeks to test a total of 13 gold-copper discovery opportunities across a pipeline of 5 projects. Kincora has 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 holes1 , 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 then 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 program 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 2km radius
Botfield prospect
Kincora has completed two holes at the Botfield prospect that have for the first time drill tested a large magnetic high complex coincident with shallow anomalous copper-gold results and an Induced Polarisation (IP) chargeability high anomaly. Kincora's first and most western hole TRDD037 at Botfield was drilled on the margin of this coincident magnetic and IP chargeability anomaly, with follow up hole TRDD039 a step out 260 to the east and into the geophysical anomalies core, seeking to test if the Botfield prospect was a large untested skarn and/or porphyry complex associated with the adjacent Southern Extension Zone (SEZ) discovery. Holes TRDD037 and TRDD039 indicate that the Botfield prospect is located in an uplifted block, in the order of over 500m, to the immediately adjacent SEZ prospect across an interpreted significant N-S fault zone, with high grade, coarse banded vein hosted mineralisation intersected as close as 80m vertical depth and board magnetite skarn horizons from 240m vertical depth - Massive to semi-massive and banded magnetite skarn with associated pyrite and chalcopyrite has been discovered over a NW-SE strike length of over 900m from the most western hole at the SEZ (TRDD031) through to and including the most eastern hole at Botfield (TRDD039). This magnetite skarn is an extensive mineralising system, with mineralising porphyry intrusive source rocks and pathway to the skarn yet to be confirmed and open for further exploration
CAUTIONARY NOTE
Photos are of selected intervals which are not representative of the mineralization hosted on the whole property or the Trundle Park prospect, which the Botfield target area is hosted, but are of the alteration and lithology's intersected in the mineralized zones within these sections of diamond drill hole TRDD039. There is insufficient drilling data to date to demonstrate continuity of mineralized domains and determine the relationship between mineralization widths and intercept lengths, true widths are not known. In relation to the disclosure of visual results and estimates, the Company cautions that visual results and estimates should not be considered a proxy or substitute for laboratory analysis, which are required to determine the widths and grade of the mineralisation.
Contact:
Tel: +61431 329 345
KINCORA COPPER LIMITED 