
Kincora Begins Drilling at the Wongarbon Porphyry Project
âĒBy ADMIN
Related Stocks:MCQEF
Kincora Copper Limited has officially commenced its inaugural drill hole at the Wongarbon Project in NewâŊSouthâŊWales, targeting basement geology beneath the 173âŊkmÂē licence area and a significant buried magnetic anomaly interpreted as a goldâcopper porphyry system.
The ~650âmetre drill hole is expected to take approximately 4âŊweeks and is being carried out with an anticipated cost to shareholders of under US$100,000 â thanks in part to a grant awarded by the NSW Government under its CriticalâŊMinerals & HighâTech Metals Exploration Program.
The Wongarbon target lies within the highly prospective Macquarie Arc and shares a common transverse structural setting with major recent discoveries such as the 14.7âŊmillionâŊoz goldâequivalent BodaâKaiser deposits.
Kincora is also partnering with Fleet Space Technologies to deploy an AIâpowered ExoSphere platform integrating realâtime geophysical sensors, proprietary multiphysics surveys, geochemistry and AIâenabled drill targeting.
In the words of NonâExecutive Director and Technical Committee Chair John Holliday: âThis is virgin territory and a major opportunity with huge upsideâĶ The Wongarbon project is a real standout untested example of this signature in the right location and with the right features.â
President &âŊCEO Sam Spring added that while âyou canât ever expect to make a discovery with your first holeâ, the initial drill will provide âvery valuable information to assist guide followâup activities.â
With the drill rig turning, Kincora is executing a capitalâefficient strategy across its portfolio aimed at unlocking major discovery potential in one of Australiaâs top porphyry belts.
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