Rincon Resources (ASX:RCR) - Non Executive Chairman, Blair Sergeant
Non Executive Chairman, Blair Sergeant
Source: Rincon Resources
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  • Rincon Resources (RCR) intersects copper-rich gossan and breccia at the Kurili Hill Prospect within the South Telfer Project in Western Australia
  • A recent site visit to Kurili observed outcropping malachite-rich gossan and breccia over a strike of at least 200 metres and a width of up to 20 metres
  • A review of historical drilling data indicates that the copper mineralisation remains open at depth and is untested with previous work failing to test the mineralisation down-dip
  • Follow-up work for a proposed drilling program to test the extent of the copper mineralisation is set to begin shortly
  • Shares in Rincon are down 18.2 per cent and are trading at 13.5 cents

Rincon Resources (RCR) has intersected copper-rich gossan and breccia at the Kurili Hill Prospect within the South Telfer Project in Western Australia.

A recent site visit to Kurili observed outcropping malachite-rich gossan and breccia over a strike of at least 200 metres and a width of up to 20 metres.

A review of historical drilling data indicates that the copper mineralisation remains open at depth and is untested with previous work failing to test the mineralisation down-dip.

The Kurili Hill Prospect was first drilled by Newcrest Mining (NCM) in 1997 with best intersections including one metre at 1.95 per cent copper and 0.32g/t gold from 50 metres and one metre at 1.60 per cent copper and 0.39g/t gold from 78 metres.

“We were aware of anomalous copper at Kurili Hill but not this, I was surprised to see the extent of malachite rich gossan and breccia at surface, indeed significantly more than I had seen previously at the Hasties Main Zone before we commenced drilling there last year,” Managing Director Gary Harvey said.

“With known copper mineralisation open and untested at depth and potentially along strike for up to two kilometres, this is possibly the most significant new target area unearthed at South Telfer yet.”

Follow-up work for a proposed drilling program to test the extent of the copper mineralisation is set to begin shortly.

Shares in Rincon were down 18.2 per cent and were trading at 13.5 cents at 2:53 pm AEST.

RCR by the numbers
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