Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kincora Copper (KCC) begins drilling at the Fairholme Project in the Lachlan Fold Belt, New South Wales
  • Drilling will focus on the Gateway prospect which hosts a north–south trending gold-copper-zinc corridor two kilometres in length and 300 metres in width
  • Phase one diamond drilling is underway with five holes planned to follow up multiple high-grade copper-gold intervals from previous drilling
  • Following completion of phase one drilling, Kincora will undertake phase two drilling to test multiple gold and copper anomalies
  • Shares in Kincora are up 2.08 per cent and are trading at 24.5 cents at 10:38 am AEST

Kincora Copper (KCC) has begun drilling at the Fairholme Project in the Lachlan Fold Belt, New South Wales (NSW).

Drilling will focus on the Gateway prospect which hosts a north-south trending gold-copper-zinc corridor two kilometres in length and 300 metres in width.

Phase one diamond drilling is underway with five holes, for 1700 metres, planned to follow up multiple high-grade copper-gold intervals from previous drilling.

This forms part of much larger 39-hole, for 6000 metres, diamond drilling program across various prospects.

Technical Committee Chair John Holliday and Senior Vice President of Exploration Peter Leaman are pleased to begin drilling at a project where previous drilling has yielded high-grade results.

“The Fairholme Project hosts a number of prospects where favourable historical gold and copper-gold intersections have not adequately been followed up,” Mr Holliday and Mr Leaman said.

“Initial diamond drilling has commenced at the Gateway prospect testing a 400-metre strike within the wider prospective gold-base metals corridor following up previous broad and high-grade intervals.”

Following completion of phase one drilling, Kincora will undertake phase two diamond and shallow aircore drilling.

This work is designed to expand and infill a pipeline of prospects as well as test multiple gold and copper anomalies.

Shares in Kincora were up 2.08 per cent and trading at 24.5 cents at 10:38 am AEST.

REE by the numbers
More From The Market Herald
Vimy Resources (ASX:VMY) - Interim CEO, Steven Michael

" Vimy Resources (ASX:VMY) advances controversial Mulga Rock Uranium Project

Vimy Resources (VMY) has submitted a notification of ‘substantial commencement’ for the Mulga Rock Uranium Project in Western Australia.
Bardoc Gold (ASX:BDC) - CEO, Robert Ryan

" Bardoc Gold (ASX:BDC) confirms extensions of Zoroastrian deposit

Bardoc Gold (BDC) has announced most recent assay results from the Zoroastrian deposit within its namesake project “exceeded expectations”.
Albion Resources (ASX:ALB) - Executive Chairman, Colin Locke

" Albion Resources (ASX:ALB) intersects shallow lead-zinc mineralisation at Pillara East

Albion Resources (ALB) has intersected shallow zinc-lead mineralisation at the Pillara East target in Western Australia.
Breaker Resources (ASX:BRB) -

" Breaker Resources (ASX:BRB) sees further potential at Manna

Breaker Resources (BRB) has seen further potential for the Manna lithium prospect as a significant lithium discovery.