TSX.V: KCC www.kincoracopper.com
Melbourne, Australia, December 7, 2021/CNW/-Kincora Copper Limited (Company, Kincora) (TSX code: KCC) (Australian Stock Exchange code: KCC) is pleased to offer the Trundle Park exploration area in brownfields The ongoing drilling exploration update Trundle project is located at Macquarie Arc in the Lachlan Fold Belt (LFB), New South Wales, Australia.
John Holliday, Chairman of the Technical Committee, and Peter Leaman, Vice President of Exploration, noted:
"The emergence of the target porphyry intrusion system from surface to depth in TRDD028 (analysis results to be determined) provides a new nearer surface and potential open-pit mine target, in addition to the deeper part of the known Trundle Park prospective system. This is a Very active development and consistent with the many vertical and extensive intrusive deposits in Northparkes, which extend from the near surface to the depths.
The analysis results of TRDD014W1 confirmed our initial visual interpretation, with a wide intrusion interval and a higher-grade skarn zone. The width of the mineralized interval returned in TRRD014W1 and the visual intrusion in TRDD028 are very encouraging.
We continue to see suitable rocks and alterations in this increasingly large intrusive system. The recently started hole TRDD029 will test the nearer surface intrusive rock and the depth potential of the south and west. The west and south are still open for further follow-up drilling, as we seek to intersect the higher grade and internal potassium cores of the intrusive rock system . "
Figure 1: Trundle and Fairholme project test results to be determined
Figure 2: Trundle is the only brownfield porphyry project held by a listed junior company in the Lachlan Fold Belt (LFB). It is located in the Northparkes Igneous Complex, which already has the second largest porphyry mine in Australia (donated 5.5Moz Au and 4.5Mt Cu1)
1 A customized report for Kincora in March 2020 written by Richard Schodde, a MinEx consulting company
Recent drilling in the Trundle Park exploration area confirmed an important area and multiple intrusive porphyry systems, and a mineralized zone emerged. The latest hole (TRDD028) now also shows the closer surface potential of the multi-invasive system (analysis results to be determined).
These results provide further confidence in approaching the core of porphyry intrusive systems, such as the neighboring Northparkes mine or the multiple deposits of Cadia-Ridgeway-Figure 1 outlines our target model-and supports the working geology of vertical extensive mineralization Concept an intrusion system with the potential for open and underground targets.
Figure 3: The deposit clusters adjacent to the Northparkes Mine and Cadia-Ridgeway show multiple intrusive systems and alteration, lithology, and mineralization environments, which are only a few hundred meters wide from the vertical distribution around the mineralized core of Trundle Park. Similar to the mineralized core
The analysis results of TRDD014W1 have been received, which intersects with significantly higher gold grade skarn intervals and wide intervals of porphyry intrusions. Highlights include:
Further details and important intervals are included in Table 1, and the cross section is shown in Figure 4(c).
The hole is a wedge-shaped hole drilled from the previous TRDD014 hole, designed to extend the original hole to a greater depth and provide coverage for TRDD022. TRDD014W1 has confirmed, expanded and returned to higher-grade skarn intervals, and extended the intrusive system returned by TRDD014 and TRDD022 to depth and strikes.
The analysis results of TRDD014W1 confirmed our initial visual interpretation, with extensive intrusive intervals and higher grade skarn zones, the width of the return and the multiple intervals are very encouraging.
The interpretation of lithology, alteration, veins, minerals and minerals and structure provides further confidence in the near-end environment for the target genesis intrusion of the Trundle Park exploration area and provides a carrier for subsequent drilling.
The initial follow-up drill hole TRDD028 parallels and drills to the west of TRDD014/W1, further extending the deeper intrusive system to the west, but importantly, it also intersects the broad and closest to the surface intrusive system found in the exploration area so far .
Figure 4: The recently completed TRDD028 intersects the target intrusion system at a wide interval, closer to the surface than previously discovered in the Trundle Park exploration area, and extends the system to the depth and west of the previous drilling.
The recently started tracking hole TRDD029 is further testing the intrusion system closer to the surface and deeper in the west and south.
(a) Trundle Park prospect and plan view of the plan hole TRDD029-see Figure 3 (b)
(b) Leapfrog model and design of TRDD029-Trundle Park prospective profile work
(Through the section line in Figure 3 (a). The length to NNE is ~900m and the width is ~1000m, ~400m, only TRDD029 and TRDD017 to SSE track)
(c) The insert with the mineralized interval and the description of the TRDD029 strike/dip target, note that the distance from TRDD029 to TRDD028 is ~150m and 95m westward to TRDD014/17
(Length~700m wide~420m)
Table 1: Trundle Park Target Hole TRDD014W1-Significantly wide mineralized interval
The intercepts of porphyry gold and copper are calculated using the lower limits of 0.10g/t and 0.05%, respectively. The internal dilution is below the cut-off value; and, * the dilution related to the core loss
The initial records from TRDD028's significant area include (analysis results to be determined):
For an example of the rock types described in TRDD028 and the explanation section of TRDD028 below, see Figure 6.
Figure 5: The appearance of the target preservation porphyry intrusion system from surface to depth in TRDD028 (analysis results to be determined) provides a new surface and potential open-pit mine target, except for the deeper part of the system that is currently underway in the Trundle Park exploration area Outside
The main observations include: the multi-phase, multi-invasive settings returned in TRDD022 (162m @ 0.24 g/t gold and 0.04% copper, including 18m @ 0.75 g/t gold and 0.09% copper), TRDD026 and TRDD014/W1, internal veins Intersect with TRDD014W1, TRDD028 and TRDD022, TRDD014/W1 and TRDD001 (21.1m @ 0.25 g/t gold and 0.03% copper to EOH), and provide near-end environmental indicators of the target core of the intrusive porphyry system and used for subsequent drills The test vector.
The recently started hole (TRDD029) is an offset scissor hole, which extends to the west of TRDD028 and is drilled in a south-southeast direction to test the porphyry-type intrusion potential closer to the surface and the west and south strike depths of sika Coverage of rock and porphyry mineralization.
The west and south remain open for further follow-up drilling within the identified mineralization corridor. The company is also reviewing previous hollow drilling, which returned shallow intrusions (usually at a vertical depth of less than 20m from the surface), and may guarantee fill coverage to help advance the shallow open-air intrusion system.
Figure 6: Examples of rock types in hole TRDD028 in the Trundle Park exploration area
(a) An example of monzodiorite-upper interval of 389m, adding K-spar (explaining potassium) alteration (reddening) along the quartz-carbonate-pyrite vein (photograph of illustration).
(b) Red monzonite cut by quartz-pyrite veins (to explain potassium alteration), and then cut by carbonate veins (illustration @ 402.8m).
(c) Basaltic andesite lava parent rock, the cavity of which is filled with retrograde skarn, including green garnet-carbonate-epidedite-magnetite-pyrite, a small amount of chalcopyrite and traces of bornite Mine (purple).
(d) Monzonite (grey-brown)-starting from 793m, with the increase of monzonite (red) dikes (interpreted as potassium alteration), examples of lower intervals.
The photos of the selected interval do not represent the mineralization of the entire property or the Trundle Park exploration area, but the alteration and lithology that intersect in the mineralization zone of these parts of the TRDD028 borehole, as well as the current work shown in Figure 3. Geological interpretation. So far, there is insufficient drilling data to prove the continuity of the mineralized domain and determine the relationship between the mineralized width and the interception length. The true width is unknown.
The Trundle project includes a single license covering an area of 167 square kilometers and was obtained by Kincora in an agreement reached with RareX Limited ("REE" on the Australian Stock Exchange) in March 2020. Kincora is the operator, holding a 65% interest in the Trundle project, and is the sole funder until an active scoping study is conducted, at which time a fund will be established or a joint venture will be diluted.
This announcement has been authorized by the board of directors of Jinkola Copper Co., Ltd. (ARBN 645 457 763)
Certain information about 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, forecasts, 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 cannot guarantee that such expectations will prove to be correct. Kincora warned that actual performance will be affected by a variety of factors, most of which are beyond its control. Future events and results may differ significantly from Kincora's current forecast. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, mining and exploration results, continued availability of capital and financing, and general economic, market, or business conditions. The entire contents of forward-looking statements are expressly bound by this cautionary statement. The information contained here is as of the current date and may change after that date. Kincora assumes no obligation to revise or update these forward-looking statements, unless required by applicable securities laws.
Neither TSX Venture Exchange nor its regulatory service provider (as the term is defined in the policies of TSX Venture Exchange) or the Australian Securities Exchange is responsible for the adequacy or accuracy of this press release.
Table 2: Trundle Project-Collar Information
For more detailed information, including QAQC procedures, please refer to the following press release:
July 6, 2020-Kincora announced the high-grade gold and bronze results for Trundell’s first hole
July 23, 2020-Kincora report received further encouragement in Trundle
September 3, 2020-Kincora provides the latest information on Trundle's expanded drilling program
November 30, 2020-Kincora intersects with the vast mineralized area of Trundle
January 20, 2021-Kincora and Trundle's shallow mineralization intersect
March 2021-Independent Technical Report of ASX Prospectus
July 8, 2021-Exploration Combination Drilling Update
August 17, 2021-Important golden interval in Trundle Park
December 2021-The porphyry system extends to the surface and depths of Trundle Park
Table 3: Trundle Park Target Hole 23-Significantly wide mineralized interval
Table 4: Trundle Park Target Hole 26-Significantly wide mineralized interval
The intercepts of porphyry gold and copper are calculated using the lower limits of 0.10g/t and 0.05%, respectively. The internal dilution is below the cut-off value; and, * the dilution related to the core loss
Drilling, analysis, recording and QA/QC procedures
Sampling and QA/QC procedures are carried out by Kincora Copper Limited and its contractors using the company's agreement in accordance with industry best practices.
All samples were analyzed at ALS Minerals Laboratories, which has been delivered to Orange, New South Wales, Australia. In addition to ALS's internal inspections, the company also adopted a QA/QC sample protocol, using 5% of the prepared standards and blanks of all analyzed samples.
Diamond drilling is carried out by DrillIt Consulting Pty Ltd in Parkes under the supervision of our on-site geologists. All drill cores are recorded by well-trained geologists in accordance with the best industry standards. Kincora's drill core sampling protocol includes a collection of samples of all recorded cores.
The sample interval selection is based on the geological control or mineralization or meter interval, and/or the guidance provided by the technical committee after the daily drilling and logging reports. The sample interval is shortened by the company and delivered directly to ALS by the company.
All reported test results are performed by ALS, and the width of the report is the core length. So far, there is insufficient drilling data to prove the continuity of the mineralized domain and determine the relationship between the mineralized width and the interception length.
The true width at this stage is unknown.
According to two different cut-off grade standards, the important drilling and mineralization intervals in the Trundle project are reported:
Important mineralized intervals are reported after dilution, based on:
The following analysis techniques were used in the drilling of the Trundle project:
The scientific and technological information in this press release is prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instruments 43-101-Mineral Project Disclosure Standard ("NI 43-101") and has been reviewed by Kincora's Geological Work The personnel are verified and staffed under the supervision of Paul Cromie (Bachelor of Science, Ph.D. in Economic Geology, Member of the Australian Society of Mining and Metallurgy and the Association of Economic Geologists), Australian Exploration Manager, and Australian Exploration Manager. A qualified person who meets the purpose of NI 43-101.
The information on exploration results, mineral resources or ore reserves in this report has been reviewed and approved by Mr. Paul Cromie. Mr. Paul Cromie is a qualified person identified by JORC and has sufficient experience related to the type and type of mineralization. The 2012 edition of "Exploration in Australia" Results, the qualifications of qualified persons as defined in the Code for Reporting of Mineral Resources and Ore Reserves.
Paul Cromie (Bachelor of Science, Master of Science, PhD in Economic Geology, member of the Australian Society of Mining and Metallurgy and the Association of Economic Geologists), is the company's Australian exploration manager.
Mr. Paul Cromie agreed to include matters based on his information in this report in the form and context in which they appear.
The review and verification process for the Trundle, Fairholme, and Nyngan project information disclosed here includes the receipt of all material exploration data, previous operator results and sampling procedures, and the use of standard verification procedures by Kincora's geologists to review such information.
JORC Table 1 Part 1 Sampling techniques and data (standards in this part apply to all subsequent parts).
Sub-sampling technique and sample preparation
Quality of laboratory data and laboratory tests
Validation of sampling and testing
Data direction related to geological structure
Section 2 Survey Results Report (The standards listed in the previous section also apply to this section.)
Status of mineral rights and land ownership
Exploring by other parties
The relationship between mineralization width and intercept length
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