- Kincora Copper Limited (KCC) has been awarded an AU$100,000 grant for drilling at the Trundle Project in New South Wales, Australia
- Specifically, for work at Southern Extension Zone discovery
- The grant will support follow-up work on an area that showed high-grade gold and average-grade copper on the largest mineralized skarn system in the state
- Kincora expects the next phase of drilling at Trundle to begin next month
- Kincora Copper Limited (KCC) is down 8.33 per cent, trading at $0.05 per share as of 12:30 p.m. EST
Kincora Copper Limited (KCC) has been awarded an AU$100,000 grant for the next phase of drilling at the Trundle Project in New South Wales, Australia.
According to the company, the grant will support follow-up work on the Southern Extension Zone discovery that showed high-grade gold and average-grade copper on the largest mineralized skarn system in the state.
The grant funds were non-diluted and financed all direct costs of drilling on a matched dollar-for-dollar basis.
The Southern Extension Zone is said to be one of five adjacent systems and separate large-scale targets to be tested in the next phase of drilling across an existing 3.2-kilometre mineralized open strike at the project.
Sam Spring, President and CEO of Kincora, commented,
“Our next hole at this target will test two settings for the porphyry source of what we believe is the largest mineralized skarn system in [New South Wales], with the size of the skarn representative of the size of the porphyry source.”
Kincora expects the next phase of drilling at Trundle to begin next month. It will start at the Dunn’s North open put porphyry target.
Kincora Copper Limited (KCC) is down 8.33 per cent and is trading at $0.05 per share as of 12:30 p.m. EST.