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Kincora: First phase drilling results and commencement of phase two at the Fairholme project


HIGHLIGHTS


  • Air-core drilling program at up to six prospects, including the Gateway and Anomaly 2 prospects commenced, seeking to follow up and expand previous geochemical anomalies, often with coincident geophysical anomalies across the wider Fairholme project

  • Maiden 5-holes for 1,684 metres diamond-drilling program by Kincora at the Gateway prospect returned broad anomalous copper, gold and base metal mineralisation (eg KFHD003 with 80m @ 0.11 g/t gold & 0.16% copper), with localised higher grade zones (eg KFHD001 with 1m @ 1.42 g/t gold & 2m @ 0.91 g/t gold), and, identified zonation and controls to mineralisation. The system’s strike at Gateway is over 600m with the upcoming 9-hole air-core program focused on strike extension and higher grade potential

  • Kincora has been awarded a A$200,000 grant for drilling at the Gateway prospect under the latest New Frontiers Cooperative Drilling program from the NSW Government 1

  • The Fairholme project is host a number of large mineralised systems located adjacent and on strike from Evolution Mining’s flagship Cowal mine and wider regional exploration portfolio (total resource inventory ~15Moz gold and >0.5Mt copper 2)

  • Diamond drilling (hole TRDD032) continues at the southern trend discovery zone at the Trundle Park prospect within Kincora’s brownfield Trundle project