- Part assay results for holes TRDD011 and TRDD012 at the
Trundle Park prospect return significant mineralized intervals with high grade copper and gold zones - TRDD011 assay results for the first 102m of 332m: 74 metres @ 0.40% copper and 0.37 g/t gold from surface including:
- 42 meters @ 0.64% copper and 0.58 g/t gold from 32 metres including:
- 14 meters @ 1.69% copper and 1.39 g/t gold from 58 metres including:
- 4 metres @ 4.98% copper and 3.36 g/t gold from 68 metres
- TRDD012 assay results for the first 220m of 581m: 29 metres @ 0.10% copper and 0.18 g/t gold from 191 metres including:
- 2 metres @ 0.87% copper and 0.05 g/t gold from 195 metres; and,
- 1 meter @ 0.09% copper and 1.17 g/t gold from 204 metres
- Broad and multiple skarn horizons intersected within TRDD012 provide encouragement for expanding the footprint size potential of the at/near surface skarn system along strike and to depth
- Primary bornite, chalcopyrite, molybdenum and observations of discrete monzodiorite intrusions in TRDD012 provide encouragement for vectoring towards the interpreted causative porphyry system intrusive target and the current working geological model for the central
Trundle Park prospect - Two rigs operational at the
Trundle Park prospect
The focus of the current two-rig program is to expand the scale of the near surface ore grade skarn mineralisation by stepping out along strike. As well the drilling will be testing for the causative porphyry intrusive source of the mineralisation in the skarn. The results announced today provide key learnings and encouragement for this drilling strategy."
As outlined in the
Assay results from nearer surface intervals for TRDD011 (to 102 metres of 332m – see Table 1) and TRDD012 (to 202 metres of 581m – see Table 2) have been received. Highlights include:
- TRDD011: 74 metres @ 0.40% copper and 0.37 g/t gold from surface including:
- 42 meters @ 0.64% copper and 0.58 g/t gold from 32 metres including:
- 14 meters @ 1.69% copper and 1.39 g/t gold from 58 metres including:
- 4 metres @ 4.98% copper and 3.36 g/t gold from 68 metres
- TRDD012: 29 metres @ 0.10% copper and 0.18 g/t gold from 191 metres including:
- 2 metres @ 0.87% copper and 0.05 g/t gold from 195 metres; and,
- 1 meter @ 0.09% copper and 1.17 g/t gold from 204 metres;
TRDD011 extended the mineralised skarn horizon to the northwest of TRDD001 (previously reported 51 metres @ 0.54% copper and 1.17g/t gold from 39 metres) and TRDD012 was a 50-metre step out to the south from TRDD001 (Figure 3). TRDD012 has provided encouragement and vectors for the targeted causative porphyry intrusion system source with observations of:
- primary bornite and chalcopyrite within quartz veins occurring in an interval of volcaniclastic rocks from 160m to 210m down hole which are the best primary bornite and chalcopyrite veining intersected to date at the Trundle project (Figure 3);
- observations of discrete monzodiorite intrusions from 275m to 340m down hole depth, and coarse primary molybdenum within a quartz vein at 314m down hole depth (assay results pending); and,
- four well developed and broad skarn horizons identified commencing from the surface (noting dilution in reported intervals from core loss) and extending deep down hole (assay results pending) - Figure 4.
Recent drilling in the central
Hole TRDD015 has recently commenced to the southeast along the fence of TRDD001, TRDD011 and TRDD012 seeking to test both the skarn and interpreted causative intrusive targets and the current working geological model outlined in Figure 4.
The average depth of prior explorer drilling at the
These recent drill results, relogging of core and review of geophysical inversions have provided the confidence to mobilize a second drill rig, concurrent with operations re-commencing after a short holiday break over the holiday season on
Table 1:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Mo (ppm) | Dilution (%) | |
TRDD011 | 0.0 | 74.0 | 74.0 | * | 0.37 | 0.40 | 0.20 | 20% |
including | 0.0 | 22.0 | 22.0 | * | 0.12 | 0.09 | 0.10 | 23% |
including | 32.0 | 74.0 | 42.0 | 0.58 | 0.64 | 0.30 | 10% | |
including | 38.0 | 50.0 | 12.0 | 0.26 | 0.14 | 0.17 | 0% | |
including | 58.0 | 72.0 | 14.0 | 1.39 | 1.69 | 0.76 | 0% | |
including | 68.0 | 72.0 | 4.0 | 3.36 | 4.98 | 1.91 | 0% |
Reported assay results from surface to 102 metres depth with 88.9% core recovery over this interval and 83.1% over the first 50 metres. End of hole (EOH): 332m. |
Table 2:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Mo (ppm) | Dilution (%) | |
TRDD012 | 86.0 | 99.0 | 13.0 | * | 0.07 | 0.06 | 0.27 | 27% |
including | 97.0 | 99.0 | 2.0 | 0.11 | 0.05 | 0.50 | 0% | |
and | 117.7 | 123.4 | 5.7 | * | 0.09 | 0.03 | 0.29 | 36% |
and | 191.0 | 220.0 | 29.0 | 0.18 | 0.10 | 3.59 | 31% | |
including | 191.0 | 193.0 | 2.0 | 0.22 | 0.17 | 3.50 | 0% | |
including | 195.0 | 197.0 | 2.0 | 0.05 | 0.87 | 1.00 | 0% | |
including | 204.0 | 220.0 | 16.0 | 0.26 | 0.05 | 5.75 | 13% | |
including | 204.0 | 205.0 | 1.0 | 1.17 | 0.09 | 1.00 | 0% |
Reported assay results from surface to 220 metres depth with 75.2% core recovery over this interval and 55% over the first 50 metres. EOH: 581m. |
Table 3:
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | Mo (ppm) | Dilution (%) | |
TRDD008 | 0.0 | 87.7 | 87.7 | * | 0.65 | 0.19 | 1.11 | 16% |
including | 0.0 | 16.4 | 16.4 | * | 1.51 | 0.19 | 0.34 | 4% |
including | 0.0 | 6.0 | 6.0 | 3.73 | 0.25 | 0.67 | 0% | |
including | 34.0 | 40.0 | 6.0 | 0.60 | 0.43 | 0.67 | 0% | |
including | 52.0 | 87.7 | 35.7 | * | 0.69 | 0.24 | 0.17 | 3% |
including | 66.0 | 74.0 | 8.0 | * | 1.63 | 0.57 | 0.00 | 13% |
and | 134.0 | 142.0 | 8.0 | 0.26 | 0.12 | 2.25 | 0% | |
and | 172.0 | 178.0 | 6.0 | 0.01 | 0.06 | 0.67 | 0% | |
and | 262.0 | 272.0 | 10.0 | 0.21 | 0.15 | 0.80 | 0% | |
and | 305.0 | 332.0 | 27.0 | 0.10 | 0.07 | 0.56 | 26% | |
and | 379.0 | 384.0 | 5.0 | 0.18 | 0.02 | 0.00 | 20% | |
and | 379.0 | 407.0 | 28.0 | 0.33 | 0.15 | 0.61 | 14% | |
including | 394.0 | 398.0 | 4.0 | 0.94 | 0.57 | 1.50 | 0% | |
and | 422.0 | 424.0 | 2.0 | 0.16 | 0.02 | 1.00 | 0% |
Part assay results previously announced for TRDD008 on |
Note for Tables 1-3: |
Table 4: Trundle project - Collar Information
Target | Hole# | Length (m) | Dip (°) | Azimuth (°) | RL | Easting | Northing | Core | Assay | Press release |
Trundle Park | TRDD001 | 685 | 60 | 262 | 270 | 570049 | 6352082 | 95.9% | Yes | 1 |
Mordialloc | TRDD002 | 790 | 60 | 101 | 271 | 568443 | 6360363 | 98.2% | Yes | 2 |
Bayleys | TRDD003 | 721 | 60 | 329 | 274 | 569230 | 6360641 | 99.5% | Yes | 3 |
Trundle Park | TRDD004 | 694 | 55 | 264 | 271 | 569780 | 6352079 | 99.6% | Yes | 3 |
Mordialloc | TRDD005 | 958 | 60 | 110 | 266 | 568439 | 6360204 | 97.3% | Yes | 3 |
Mordialloc | TRDD006 | 962 | 70 | 275 | 267 | 568599 | 6360206 | 98.9% | Yes | 4 |
Trundle Park | TRDD007 | 521 | 60 | 264 | 268 | 570012 | 6352230 | 84.4% | pending | |
Trundle Park | TRDD008 | 490 | 60 | 264 | 272 | 569920 | 6351962 | 97.1% | Yes | 4,5 |
Trundle Park | TRDD009 | 445 | 60 | 310 | 267 | 569611 | 6352378 | 99.2% | pending | |
Trundle Park | TRDD010 | 643 | 60 | 330 | 272 | 569963 | 6351919 | 96.4% | pending | |
Trundle Park | TRDD011 | 332 | 55 | 330 | 270 | 570036 | 6352041 | 94.8% | Part | 5 |
Trundle Park | TRDD012 | 581 | 55 | 330 | 270 | 570062 | 6351997 | 85.6% | Part | 5 |
TRDD013 | 390 | 60 | 330 | 272 | 570012 | 6351827 | 94.6% | pending | ||
TRDD014 | 670 | 65 | 330 | 275 | 569832 | 6351811 | 97.4% | pending | ||
TRDD015 | ongoing | 60 | 330 | 273 | 570086 | 6351953 |
For further details, including QAQC procedures, please refer to the following press releases: |
Recent highlighted details:
Updated corporate presentation: https://www.kincoracopper.com/media/downloads/presentations
- Updated Kincora profile from The Assay Technology Metals Edition (
December 14 th):
https://www.theassay.com/wp-content/uploads/2020/12/KCC-Assay-Profile-Dec-2020-final.pdf?dm_t=0,0,0,0,0 - Mines and Money 5@5 – New South Wales Focused (co-located with IMARC Online), including Kincora presentation and discussion (
November 25 th): https://www.youtube.com/watch?v=k4sQASktbtU&feature=youtu.be&dm_t=0,0,0,0,0 Epstein Research - Will strengthening copper price liftKincora Copper ? (November 19 th):
http://epsteinresearch.com/2020/11/19/43690/?dm_t=0,0,0,0,0
Upcoming Events:
26-29 January 2021 Mines and Money Connect Precious Metals Online (Global)17-19 March 2021 121 Mining Investment APAC Online
Further details available at: www.kincoracopper.com/investors/events
The Trundle project
Kincora's Trundle project is the only brownfield porphyry copper-gold project held by a listed junior in
Previous explorer drilling has been extensive at Trundle with the completion of 2208 holes for 61,146 metres, but deeper drilling utilising modern exploration knowledge has been very limited. Over 92% of prior drilling has been completed to less than 50 metres depth and is considered to be too shallow, with just 11 holes beyond 300 metres (0.5% of holes drilled).
Following positive initial drilling results from Kincora's maiden drilling program in
Drilling, Assaying, Logging and QA/QC Procedures
Sampling and QA/QC procedures are carried out by
All samples have been assayed at
Diamond drilling was undertaken by
Sample interval selection was based on geological controls or mineralization or metre intervals, and/or guidance from the Technical Committee provided subsequent to daily drill and logging reports. Sample intervals are cut by the Company and delivered by the Company direct to ALS.
All reported assay results are performed by ALS and widths reported are drill core lengths. 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 at this stage.
Significant mineralised intervals are reported based upon two different cut off grade criteria:
- Interpreted near surface skarn gold and copper intercepts are calculated using a lower cut of 0.20g/t and 0.10% respectively; and,
- Porphyry intrusion system gold and copper intercepts are calculated using a lower cut of 0.10g/t and 0.05% respectively.
Significant mineralised intervals are reported with dilution on the basis of:
- Internal dilution is below the aforementioned respective cut off's; and,
- Dilutions related with core loss as flagged by a "*".
The following assay techniques have been adopted:
- Gold: Au-AA24 (Fire assay), reported.
- Multiple elements: ME-ICP61 (4 acid digestion with ICP-AES analysis for 33 elements) and ME-MS61 (4 acid digestion with ICP-AES & ICP-MS analysis for 48 elements), the latter report for TRDD001 and former reported for holes TRDD002-TRDD012.
- Copper oxides and selected intervals with native copper: ME-ICP44 (Aqua regia digestion with ICP-AES analysis) has been assayed, but not reported.
- Assay results >10g/t gold and/or 1% copper are re-assayed.
Qualified Person
The scientific and technical information in this news release was prepared in accordance with the standards of the
The review and verification process for the information disclosed herein for the Trundle project has included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora's geological staff using standard verification procedures.
About
(KCC – TSXV)
The Company is currently drilling the only brownfield project (Trundle) held by a listed junior in
The Company has assembled an industry leading technical team who have made multiple Tier 1 copper discoveries, who have "skin in the game" equity ownership and who are backed by a strong institutional shareholder base.
Our exploration model applies a robust systematic approach utilising modern exploration techniques supporting high-impact, value add programs underpinned by targets with strong indications for world-class scale potential.
We have corporate offices in
Forward-Looking Statements
Certain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.
Neither the
SOURCE
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