Vancouver, BC — April 22nd, 2020
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to have commenced drilling activities at the Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (“LFB”), in central west New South Wales (“NSW”), Australia.
A first phase drilling program is planned for six holes and 3,800 metres, testing three known mineralized targets seeking to discover a new cluster of porphyry deposits. Extensive porphyry and skarn-style copper-gold mineralisation and informal mining activities are associated with several Ordovician intrusive centres across the full Trundle license, which is located within a prolific mining and infrastructure district.
John Holliday, Chairman of Kincora’s Technical Committee, and Peter Leaman, Senior Vice-President of Exploration, commented: “Modern systematic exploration at Trundle has utilised industry leading Induced Polarisation survey's, including HPX’s proprietary Typhoon system, and magnetic modelling which has been insufficiently followed up by drilling.
Existing significant drill intersections supports vectoring to very compelling targets at three existing mineralised systems within a brownfield environment to Northparkes, Australia’s second largest porphyry mine where five deposits are defined.
We are very excited by the upcoming high impact and funded drilling program at Trundle.”
Sam Spring, President & CEO, noted: “Our team has demonstrated Tier 1 exploration success in the belt, which coupled with unique prior exploration experience at Trundle, and the quality of prior activities and results, has supported mobilising drilling within three months of agreeing the MoU with our now project level JV partner RareX Limited (ticker “REE” on the ASX).
Significant preventative measures have been taken to proactively manage the potential impact of COVID-19 and execute a successful drilling campaign. These systems and policies reflect the guidance given by the State and Federal authorities, and include sourcing the on-site-team and supplies from within the region to both reduce the risk to, as well as financially support, the communities we operate in.
We look forward to considerable news flow over the coming months in a market that is still significantly rewarding exploration success in the Lachlan Fold Belt”.
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About Kincora
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in the Lachlan Fold Belt, NSW, Australia and Mongolia. For further information:
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For Further information please contact:
Sam Spring
President & Chief Executive Officer
Kincora Copper
+61 431 329 345
Enquiries:
Christine Wootliff
Investor Relations
121 Group
+852 3628 2420
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