Kincora Copper awarded co-funding grant for the next phase of drilling at emerging Trundle Project

Kincora Copper (ASX:KCC) has been awarded a $100,000 co-funding grant for the next phase of drilling at the emerging Southern Extension Zone discovery at the Trundle Project.

Kincora reports the grant supports the first direct drill hole to follow up to the interpreted porphyry source that drove 19.9g/t gold and 2.43% copper (in recent hole TRDD032), and the largest mineralised skarn system in NSW.

The NSW government has announced successful recipients for a total of $28 million of funding grants issued under Stream 2 of the Critical Minerals and High-Tech Metals Activation Fund and round 5 of the New Frontiers Exploration Program.

Three Stream 2 critical minerals grants share A$26.5 million to support key infrastructure projects, including Sunrise Energy Metals’ namesake project receiving a $10 million grant.

Addressing the grant, Kincora Copper President and CEO Sam Spring says: “Copper is a key pillar of the NSW Government’s Critical Minerals and High-Tech Metals Strategy. Recent discoveries in both the Macquarie Arc and Cobar Superbasin highlight the significant potential for further new globally significant copper projects within NSW’s Lachlan Fold Belt.

“Copper is a key pillar of the NSW Government’s Critical Minerals and High-Tech Metals Strategy”

We thank the State Government and Geological Survey of NSW for the direct financial support to Kincora and the wider industry via the New Frontiers Exploration  Program and $130 million Critical Minerals and High-Tech Metals Activation Fund.

These programs provide material financial assistance and a strong pro-investment  and pro-exploration to mining message to all stakeholders. The awards follow a competitive expert panel review process of applications, which were again in high demand. We feel this provides another independent validation of the emerging and very exciting Southern Extension Zone discovery at our flagship Trundle project.

Our next hole at this target will test two settings for the porphyry source of what we believe is the largest mineralised skarn system in NSW, with the size of the skarn representative of the size of the porphyry source.

The next phase of drilling at Trundle is scheduled to commence next month with the company well-funded and positioned to commence this high impact and high conviction drilling program.”

Ore grade copper and gold in skarn has been intersected within the Southern Extension Zone (SEZ) over at least a 330m SSE strike and 225m W-E wide system (and open). The SEZ is a new blind discovery made by Kincora that materially extends the mineralised system at Trundle to the south.

Assay results for most recent diamond core hole TRDD032 has returned a broad ore grade interval with the highest-grade primary mineralisation interval to date the Trundle project -2m at 19.9 g/t gold and 2.43% copper, within a broader zone containing 34m @ 1.45 g/t gold and 0.25% copper, within a total of 104m at 0.59 g/t gold and 0.11% copper from 748m.

Kincora Copper is an active and systematic ASX and TSX-V listed exploration company focused on world-class copper gold discoveries in Australia’s foremost porphyry region, the Macquarie Arc, with the ambition to become the leading pure play porphyry explorer this region.

Write to Adam Orlando at Mining.com.au

Images: Kincora Copper Ltd
Author Image
Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.