Kincora Copper Limited provided an exploration update from the new phase of drilling at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia. The drilling is testing 5 shallow large-scale porphyry and porphyry-related skarn targets across
the 3.2km strike of the mineralised magnetic complex at the southern portion of the Trundle license. Kincora's new phase of drilling at the Trundle project commenced in January 1, and is testing 5 adjacent systems and separate large-scale porphyry targets across an existing 3.2km mineralised strike ­ see Figure 1. Assay results have been returned for Kincora's first holes at the Dunn's North and Dunn's South prospects, located 640m metres apart. These assays have confirmed significant zones of potentially ore grade porphyry mineralisation at shallow depths ­ see Tables 1 and 2. Petrology and fertility analysis is pending with a review commenced of these prospects, and adjacent open prospects, for follow up exploration. While assay results are pending for the first hole drilled at the Botfield prospect, notable zones of visible mineralisation have been prioritized. These include a zone of coarse chalcopyrite- bornite-pyrite epithermal veins, as well as massive and banded magnetite pyrite-chalcopyrite skarn horizons. A step out hole from previous shallow intrusive mineralisation at the North-East Gold Zone is in progress, with a priority follow up hole at the Botfield prospect then planned. Kincora's first hole at the Botfield prospect, TRDD037, sought to test for the first time a large magnetic high complex coincident with shallow anomalous copper-gold and an IP chargeability high anomaly. The concept Kincora sought to test was of a large untested skarn and/or porphyry complex, potentially associated with the emerging Southern Extension Zone (SEZ) discovery. This discovery was made by Kincora in the past 18 months to the west, and the southern extension of the multiple phase intrusive complexes intersected by Kincora and previous explorer drilling.
While assay results are pending, notable zones of visible mineralisation have been prioritized and include: Coarse banded chalcopyrite-bornite-pyrite epithermal veins (from 128-132m), Massive magnetite-pyrite-chalcopyrite skarn (>80% magnetite, from 376-407m), Banded magnetite-pyroxene-feldspar skarn with pyrite and chalcopyrite (<30% magnetite from 407-425m). Hole TRDD037 supports the current working interpretation that the Botfield prospect is located in an uplifted block, in the order of almost 500m, to the immediately adjacent SEZ prospect across an interpreted significant N-S fault zone ­ see Figures 1 and 2. The relatively shallow chalcopyrite-bornite-pyrite epithermal veins are new to the project, and support vectors to a more proximal and prospective level in porphyry system - see Photo 1 (a). Hole TRDD037 intersected over 30 metres of massive magnetite skarn from only 330 metres vertical depth (see Photo 1 (b)) compared to an interpreted equivalent horizon of 34 metres from 710 metres vertical depth in TRDD032, located 430 metres to the west, with similar stratigraphic horizons above and below these zones. The geophysical inversions and targets for TRDD037 correlate well with visual logging and current interpretations of the returned diamond core, benefiting from the relatively shallow
depths and width of the massive magnetic zone and associated sulphides. The Botfield prospect has been prioritised for follow up. Planned hole TRDD039 will step out a further 250 metres to the east testing the up-dip coincident magnetic and induced polarisation (IP) chargeability anomaly cores, and at potentially open-pitable depths.