Kincora Copper reports strong encouragement from ongoing porphyry exploration with indications that hole TRDD002 ended on the margin of a preserved porphyry system
Drilling of the first diamond hole at the Mordialloc Target (TRDD002) (the second hole at the Trundle Project) to be reopened and extended, after assay results, independent and internal expert geological assessment support strong halo indicators of a mineralized porphyry intrusion system.
TRDD002 intersected favorable alteration and anomalous metal levels between 721- 790.25m (end- of-hole), including assays up to 0.29% copper and 272ppm molybdenum.
An incomplete second hole at Mordialloc (TRDD005, located 150m south of TRDD002) has intersected volcanoclastic sandstone and agglomerate at 632m, and over 12m down-hole with improved epidote-chlorite alteration and visual quartz-calcite-pyrite-chalcopyrite mineralization.
Drilling to resume next week following a scheduled break in operations.
Holes TRDD003 and TRDD004, at the Bayleys and Trundle Park targets, have been completed at 721.5m and 694m respectively, within interpreted fertile porphyry settings.
Assay results and further geological interpretations are pending. Further follow-up holes at Trundle Park and Mordialloc are planned.
Kincora Copper has appointed experienced and successful exploration manager, Dr Paul Cromie, to the newly-created position of Exploration Manager Australia as the scope of the ongoing drilling program is expanded. RareX Limited