Kincora secures new ground in Australia’s Macquarie Arc
Dual-listed Kincora Copper has been awarded three new licences, covering 1 377 km2, on Australia’s main porphyry copper/gold geological province.
Pegged as open ground, the new licences, comprising Nyngan West, Nyngan South and Nevertire South, double Kincora’s position on the Macquarie Arc’s Northern Junee-Narromine Belt and provide continuous landholding along about 100 km strike of the Arc.
“This new ground is adjacent to and on the interpreted extensions of the Nyngan and Nevertire projects where maiden partner funded ground geophysical surveys are already ongoing with Fleet Space, and maiden drilling activities are shortly ramping up in partnership with and funded by AngloGold Ashanti at Nyngan,” said Kincora president and CEO Sam Spring.
“The company and our existing partners are very excited to commence the first ever copper/gold exploration across potentially the largest volcano-intrusive complex of the Macquarie Arc at northern Nyngan, which offers new district-scale potential,” he added.
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