RareX’s 65% joint venture partner at the Trundle Copper-Gold Project in NSW, Kincora Copper (TSX-V: KCC), has provided a wide-ranging update on recent and upcoming exploration activities.
Kincora has completed an oversubscribed $5.33m capital raising to accelerate drilling.
Funding, permits and drill targets are now in place for up to 17 new diamond drill holes.
Recent drill holes TRDD002, TRDD005 and TRDD006 have provided further encouragement for the discovery of an economic copper-gold porphyry deposit within the known northern porphyry system at the Mordialloc prospect.
Access is also in place to commence high-priority follow-up drill holes to expand high-grade near-surface skarn gold-copper intervals and confirm an underlying gold-copper porphyry system at the southern Trundle Park prospect.
The first diamond hole at Trundle Park intersected multiple significantly mineralised skarn zones including an interval of 51m @ 1.17 g/t gold and 0.54% copper from 39m with several high-grade zones.