- Part assay results for hole TRDD008 at the Trundle Park
prospect returned the broadest grade mineralization intervals to
date. The hole intersected two significant skarn zones:
-
- 87.7 metres @ 0.65 g/t gold and 0.19% copper from surface,
including:
-
- 16.4 metres @ 1.51 g/t gold and 0.19% copper from surface;
and,
- 8 metres @ 1.64 g/t gold and 0.57% copper from 66 metres.
- 19 metres @ 0.43 g/t gold and 0.21% copper from 388 metres,
including:
-
- 4 metres @ 0.94 g/t gold and 0.57% copper.
- Grade potential is further illustrated by intense structurally
controlled visual mineralization in ongoing hole TRDD011.
- Ongoing drilling and relogging of core at the Trundle Park
prospect are providing improved geological understanding and
vectors for the at/near surface skarn potential and also the
potential for a large related porphyry intrusion system.
- Assay results for TRDD006 at the Mordialloc prospect returned
extensive anomalous copper, gold and molybdenum intervals
associated with a coarse plagioclase phyric diorite intrusion.
These results further confirm that Mordialloc is a significant
mineralized porphyry system wherein the possible higher-grade core
has not been located by the relatively limited drilling to
date.
VANCOUVER, BC, Nov. 30, 2020 /CNW/ - Kincora Copper Ltd. (the
"Company", "Kincora") (TSXV: KCC) is pleased to report further
assay results from ongoing drilling at the Trundle brownfields
project located in the Macquarie Arc of the Lachlan Fold Belt in
NSW, Australia.
John Holliday, Technical
Committee chair, and Peter Leaman,
Senior VP of Exploration, commented: "Recent drilling at
both the Trundle Park and Mordialloc prospects have intersected
significant intervals of mineralization providing strong support of
our exploration concepts and targets.
Multiple and broad skarn horizons are being intersected at
the Trundle Park prospect, at a scale much larger than was
identified by prior exploration groups.
Important advances have been made in the geological
understanding of both prospects and in obtaining good vector
information potentially directing towards the core higher grade
areas at each."
Figure 1: Trundle is the only brownfield
porphyry project held by a listed junior in the Macquarie Arc,
Australia's foremost and gold rich
copper porphyry belt
Trundle is the western section of the Northparkes intrusive
complex, that hosts the second largest porphyry mine in
Australia, with initial Kincora
drilling taking place at targets 8.5km apart
Figure 2: Kincora's eleventh drill hole of
our maiden drilling program at the Trundle project is
ongoing
Trundle Park prospect
Following a series of drill holes at the Mordialloc prospect
while seasonal lambing concluded at the Trundle Park prospect,
particular encouragement for the targeted at/near surface skarn
system has been gained with deeper drilling ongoing also testing
the potential for a larger causative porphyry intrusion
systems.
Assay results received for TRDD008 have returned two significant
width and mineralized skarn zones:
- Surface zone: returned 87.7 metres @ 0.65 g/t gold and 0.19%
copper from surface, including 16.4 metres @ 1.51 g/t gold and
0.19% copper from surface and 8 metres @ 1.63 g/t gold and 0.57%
copper from 66 metres.
- Second zone: 27 metres @ 0.10 g/t gold and 0.07% copper from
305 metres, 5 metres @ 0.18 g/t gold and 0.02% copper from 379
metres and 19 metres @ 0.43 g/t gold and 0.21% copper from 388
metres, including 4 metres @ 0.94 g/t gold and 0.57% copper.
Further significant assay results for part of hole TRDD008 are
provided in Table 1 with a current interpreted cross section of the
central Trundle Park prospect region in Figure 4.
TRDD008, coupled with other recent drilling and technical
re-logging activities have considerably improved the geological
model for at the Trundle Park prospect, including:
(a) TRDD008 has significantly extended the skarn mineralization
from hole TRDD001 to the south by 175m along strike and also from surface (TRDD001
returned 51 metres @ 1.17 g/t gold and 0.54% copper from 39
metres);
(b) TRDD008 has returned the broadest two intervals of visual
mineralization associated with the skarn alteration seen to date at
the Trundle project, with multiple horizons intersected, increasing
the potential scale of the skarn as a standalone target;
(c) Indications from the alteration and skarn-replacement
suggest potential for further skarn-horizons to be located by
subsequent step-outs from the drill hole collar towards the south
and drilling back across bedding towards the northwest;
(d) Provide supportive vectors and trends towards a potentially
more proximal and hotter temperature environment from TRDD007 to
TRDD001 and then TRDD008, and the targeted causative intrusive
source of the mineralization in the skarn; and,
(e) Higher grade potential is further illustrated by intense
structurally controlled visual mineralization in ongoing hole
TRDD011 (see Figure 3), hosted within further near surface skarn
alteration (TRDD011 seeking to extend the skarn horizon northwest
of TRDD001). This is in addition to a previous explorer interval of
2 metres at 20 g/t gold, 6.97% copper and 81 g/t silver from 64
metres1.
The average depth of prior explorer drilling at the Trundle Park
prospect is only 28 metres with only two diamond core drill hole to
moderate depths. Benefitting from this field seasons deeper and
diamond core drilling, relogging of Kincora's core has resulted in
a change in current drill hole orientation towards the northwest.
Our activities are resulting in a significantly improved
understanding of the bedding direction hosting the skarn horizons,
along with key structures/faulting and the identified multiple
phases of mineralization within the skarn, all supporting a
substantial mineralizing event and provide further vectors to the
targeted causative intrusion system.
Figure 3: Intense structurally controlled
visual mineralization in hole TRDD011
Fault bounded visually interpreted massive sulfide with coarse
textured pyrite, covalite (blue-purple) and chalcocite (grey)
between 68.5 to 69.65 metres within a wider skarn zone
- Photos of selected intervals which are not representative of
the mineralization hosted on the whole property but are of the
lithology's intersected in the mineralized zones in this drill
hole.
- 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. Refer to Tables 1 and 2 and the QA/QC Procedures
note for further details, including cut off and dilution levels of
reported significant intervals.
Table 1: Trundle Park target hole TRDD008
- Anomalous results for part assays available1
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%
|
Pending
|
146.0
|
278.0
|
|
|
|
|
|
|
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
|
388.0
|
407.0
|
19.0
|
|
0.43
|
0.21
|
0.89
|
0%
|
including
|
394.0
|
398.0
|
4.0
|
|
0.94
|
0.57
|
2.58
|
0%
|
and
|
422.0
|
424.0
|
2.0
|
|
0.16
|
0.02
|
1.00
|
0%
|
Pending
|
424.0
|
490.0
|
|
|
|
|
|
|
Interpreted near surface skarn gold and copper intercepts are
calculated using a lower cut of 0.20g/t an 0.10% respectively.
Porphyry gold and copper intercepts are calculated using a lower
cut of 0.10g/t and 0.05% respectively.
Internal dilution is below cut off; and, * Dilutions related
with Core loss
Figure 4: Very attractive grades at
shallow depths at the Trundle Park prospect
Cross section of TRDD008 with current working interpretation of
central Trundle Park geology
Further discussion on drill activities at Trundle Park are
included in the Appendix to this press release on page 7.
1 see RareX (then Clancy Exploration) ASX
release dated 25 Jun'10 for further details.
The Mordialloc prospect
As previously announced, TRDD006 has returned encouraging visual
alteration and sulphides (including chalcopyrite). Assay results
have reinforced the concept of close proximity to a potassic and
higher-grade core of the targeted system, with multiple significant
intervals of anomalous copper, gold and molybdenum.
TRDD006 has returned the broadest anomalous zones to date at the
Mordialloc target including:
- 42m @ 0.07% copper, 0.04g/t gold
and 7.43ppm molybdenum from 62m,
hosted by intermixed volcanoclastic rocks comprising andesite lava
and greywacke;
- 306m @ 0.10% copper, 0.06g/t gold
and 19.4ppm molybdenum from 144m,
associated with a coarse plagioclase phyric diorite intrusion;
- 98m @ 0.11% copper, 0.07g/t gold
and 17.6ppm molybdenum from 466m,
occurring intermixed volcanoclastic rocks comprising andesite lava
and greywacke; and,
- 2m @ 0.98g/t gold, 0.02% copper
and 2ppm molybdenum from 880m, also
hosted by intermixed volcanoclastic rocks comprising andesite lava
and greywacke.
Prior Kincora drill hole TRDD002 is proposed to be reopened and
extended as interpretation of the alteration and assay results
suggest these may represent the halo of a mineralized porphyry
intrusion system.
Further drilling in addition to the extension of TRDD002 is
proposed to test the targeted finger porphyry setting and potential
clustering of associated mineralized systems across a significant
strike where anomalous surface and end of hole geochemistry, and
geophysics are complementary – see Figure 2. Similar
vectoring from drill hole alteration indicators was the exploration
approach that was the key to the discovery of Cadia-Ridgeway, the
majority of the Northparkes deposits and also Alkane Resource's
recent discovery at Boda.
Figure 5: TRDD006 at the Mordialloc target
provided extensive anomalous copper, gold and molybdenum
intervals
Current working interpretation of Mordialloc geology: Alteration
and mineralisation returned in TRDD006, TRDD005 and CTD006 provide
strong encouragement for close proximately for the targeted
high-grade potassic core of a Macquarie Arc "finger" or "pencil"
porphyry target
Table 2: Mordiall0c target hole TRDD006 -
Anomalous results1
Hole
ID
|
From
(m)
|
To
(m)
|
Interval
(m)
|
|
Au
(g/t)
|
Cu
(%)
|
Mo
(ppm)
|
Dilution
(%)
|
TRDD006
|
62.0
|
104.0
|
42.0
|
|
0.04
|
0.07
|
7.43
|
24%
|
including
|
62.0
|
70.0
|
8.0
|
|
0.05
|
0.09
|
7.25
|
0%
|
including
|
78.0
|
84.0
|
6.0
|
|
0.04
|
0.08
|
3.33
|
0%
|
including
|
86.0
|
98.0
|
12.0
|
|
0.05
|
0.09
|
15.33
|
0%
|
including
|
90.0
|
92.0
|
2.0
|
|
0.14
|
0.14
|
39.00
|
0%
|
and
|
144.0
|
450.0
|
306.0
|
|
0.06
|
0.10
|
18.35
|
14%
|
including
|
152.0
|
154.0
|
2.0
|
|
0.08
|
0.12
|
2.00
|
0%
|
including
|
242.0
|
244.0
|
2.0
|
|
0.34
|
0.07
|
29.00
|
0%
|
including
|
382.0
|
390.0
|
8.0
|
|
0.16
|
0.19
|
36.25
|
0%
|
including
|
384.0
|
386.0
|
2.0
|
|
0.24
|
0.31
|
52.00
|
0%
|
and
|
466.0
|
564.0
|
98.0
|
|
0.07
|
0.11
|
17.61
|
6%
|
including
|
514.0
|
516.0
|
2.0
|
|
0.35
|
0.17
|
9.00
|
0%
|
and
|
620.0
|
644.0
|
24.0
|
|
0.04
|
0.06
|
9.17
|
17%
|
and
|
732.0
|
734.0
|
2.0
|
|
0.08
|
0.14
|
3.00
|
0%
|
and
|
742.0
|
744.0
|
2.0
|
|
0.15
|
0.20
|
4.00
|
0%
|
and
|
764.0
|
766.0
|
2.0
|
|
0.05
|
0.08
|
1.00
|
0%
|
and
|
824.0
|
830.0
|
6.0
|
|
0.05
|
0.09
|
3.67
|
0%
|
and
|
880.0
|
882.0
|
2.0
|
|
0.98
|
0.02
|
2.00
|
0%
|
1- Porphyry gold and copper intercepts are calculated
using a lower cut of 0.10g/t and 0.05% respectively.
Internal dilution is below cut off; and, * Dilutions related
with Core loss
Appendix - Central Trundle Park prospect continued…
Drilling recommenced at the central Trundle Park prospect with
diamond hole TRDD007, a 150-metre step out to north of previous
hole TRDD001, testing a similar concept target of shallow
high-grade skarn and porphyry copper-gold source at the depth.
TRDD001 intersected multiple significantly mineralized skarn
zones including 51 metres @ 1.17 g/t gold and 0.54% copper from 39
metres and 18 metres @ 0.53 g/t gold and 0.05% copper from 284
metres. TRDD001 also intersected broad anomalous mineralization
(including 21.1m @ 0.25 g/t Au and
0.03% Cu from 664m to end of hole) in
the outer zone of the targeted adjacent porphyry intrusion system -
see July 6th, 2020 press release for
further details.
While assay results are pending, visual geology logging of
TRDD007 did not observe significant skarn or porphyry related
mineralization, in a weakly altered and faulted package of rocks.
Subsequent re-logging of this hole noted a major fault zone,
dipping steeply to the west and sub-parallel to the NNE-SSW
striking Tullamore Thrust Zone.
The original northerly extension and target of skarn
mineralization and testing the potential for a causative intrusion
remains untested by TRDD007 that is interpreted to have closed out
the western strike potential. Known shallow skarn hosted gold
and copper mineralization has been intersected to the north, east
and south that remain open and TRD007 was a significant learning
hole, which coupled with recent re-logging and improvements to
structural interpretation has resulted in a change in current
drilling orientation.
TRDD008 is a 175-metre step towards the southwest from the
collar of TRDD001 (or an 80 metres due south step out from the
middle of the TRDD001 drill hole trace). From surface oxidized
volcanoclastic and greywacke rocks with strong skarn development of
pale-yellow garnet-hematite-magnetite-pyrite and minor chalcopyrite
was observed to 104.8 metres.
This skarn zone is considered an upper zone, with volcanoclastic
rocks measured to be dipping moderately towards the
south-southwest. A steeply dipping fault zone towards the west
continued from 104.8 metre to 135 metre downhole depth, mostly
composed of sheared volcanoclastic rocks along with some garnet
skarn as clasts, suggesting post-mineral faulting.
From 135 metre depth and towards 216 metre downhole depth, an
intermixed sequence of propylitic altered greywacke and
volcanoclastic rocks along with andesite lavas was observed.
Progression of patchy red-brown garnet-magnetite-pyrite commenced
from 216 metre depth and became more predominant at around 275
metre depth and onwards.
This lower skarn horizon comprising predominantly of brown-red
garnet-magnetite-pyrite-with associated chalcopyrite and some
intervals of anhydrite was observed from 275 metre to the faulted
contact at 406.8 metre depth.
The scale of the two skarn horizons intersected in TRDD008 is
much larger than that previously identified at the Trundle project,
providing both encouragement to the potential for the at/near skarn
system being a standalone target but also the scale of the larger
system, and vectors to the targeted causative porphyry
intrusion.
Table 3: Trundle project - Collar
Information
Target
|
Hole#
|
Length
(m)
|
Dip
(°)
|
Azimuth
(°)
|
RL
|
Easting
(MGA)
|
Northing
(MGA)
|
Core
recovery
|
|
|
|
|
|
|
|
|
|
Previously
reported
|
Trundle
Park
|
TRDD001
|
685
|
60
|
251
|
270
|
570049
|
6352082
|
95.9%
|
Mordialloc
|
TRDD002
|
790
|
60
|
101
|
271
|
568443
|
6360363
|
98.2%
|
Bayleys
|
TRDD003
|
721
|
60
|
329
|
274
|
569230
|
6360641
|
99.5%
|
Trundle
Park
|
TRDD004
|
694
|
55
|
264
|
271
|
569780
|
6352079
|
99.6%
|
Mordialloc
|
TRDD005
|
958
|
60
|
110
|
266
|
568439
|
6360204
|
97.3%
|
|
|
|
|
|
|
|
|
|
New
results
|
Mordialloc
|
TRDD006
|
962
|
70
|
275
|
268
|
568599
|
6360206
|
98.9%
|
Trundle
Park1
|
TRDD007
|
521
|
60
|
264
|
272
|
570015
|
6352231
|
84.4%
|
Trundle
Park2
|
TRDD008
|
490
|
60
|
264
|
275
|
569924
|
6351963
|
97.1%
|
Trundle
Park1
|
TRDD009
|
445
|
60
|
310
|
270
|
569613
|
6352380
|
99.2%
|
Trundle
Park1
|
TRDD010
|
643
|
60
|
330
|
274
|
569964
|
6351922
|
96.4%
|
Total
|
6910
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trundle
Park3
|
TRDD011
|
55
|
330
|
273
|
570036
|
6352043
|
|
1 full assays pending; 2 part assays
pending; &, 3 hole in progress
Upcoming
Events:
- Lowell Christmas event and
Kincora presentation (Melbourne)
8 December 2020
- Mines and Money Connect Precious Metals Online
(Global)
26-29 January 2021
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 Australia's foremost porphyry belt, within the
same mineralized complex as Australia's second largest porphyry mine.
Trundle is located west of the China Molybdenum Company Limited
(CMOC) operated Northparkes copper-gold mine/mill operation, within
the same Northparkes Igneous Complex.
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 August
2020, the Company completed an oversubscribed $5.33 million equity raising, with proceeds
primarily to be used to expand the initial six hole program to over
twenty drill holes with an additional 11,000 metres of drilling.
Kincora's primary targets, Mordialloc and Trundle Park, lie 8.5km
apart and have not been drill tested since the industry leading HPX
proprietary Typhoon IP system and detailed magnetic surveys were
completed.
Drilling, Assaying, Logging and QA/QC Procedures
Sampling and QA/QC procedures are carried out by Kincora Copper
Limited, and its contractors, using the Company's protocols as per
industry best practise.
All samples have been assayed at ALS Minerals Laboratories,
delivered to Orange, NSW, Australia. In addition to internal checks by
ALS, the Company incorporates a QA/QC sample protocol utilizing
prepared standards and blanks for 5% of all assayed samples.
Diamond drilling was undertaken by DrillIt Consulting Pty Ltd,
from Parkes, under the supervision of our field geologists. All
drill core was logged to best industry standard by well-trained
geologists and Kincora's drill core sampling protocol consisted a
collection of samples over all of the logged core.
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.
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-TRDD010.
- 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 Canadian Institute of Mining, Metallurgy and
Petroleum and National Instrument 43-101 – Standards of Disclosure
for Mineral Projects ("NI 43-101") and was reviewed, verified and
compiled by Kincora's geological staff under the supervision of
Peter Leaman (M.Sc. Mineral
Exploration, FAusIMM), Senior Vice-President of Exploration of
Kincora, and John Holliday (BSc
Hons, BEc, member of the Australian Institute of Geoscientists),
Non-Executive Director and Technical Committee Chairman, who are
the Qualified Persons for the purpose of NI 43-101.
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 Kincora Copper Limited
(KCC – TSXV)
Kincora Copper is an active explorer and project generator
focused on world-class copper-gold discoveries.
The Company is currently drilling the only brownfield project
(Trundle) held by a listed junior in Australia's foremost porphyry belt (the
Macquarie Arc, in NSW), with district scale project pipeline, and
seeking to confirm its position as the leading pure play porphyry
explorer in Australia.
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 Vancouver and Melbourne. Kincora is listed on the TSX
Venture Exchange under the ticker symbol KCC and is seeking a
listing on the ASX for early in 2021 (subject to market
conditions).
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 TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Kincora Copper Limited