First pass drill program has commenced at the Nyngan project seeking to test two large-scale, early stage porphyry targets and confirm a strategic position in the northern extension of the Macquarie Arc
Kincora has been awarded A$120,000 under the New Frontiers Co-Operative Drilling Grants program from the Government of NSW for the drilling program
The 100%-owned Nyngan copper gold project covers an area of 762km2 in a highly prospective geologic terrane with encouraging limited previous explorer drilling and increasing neighbouring drilling activities
MELBOURNE, Australia, May 17, 2021 - Kincora Copper Ltd. (the "Company", "Kincora") (ASX: KCC) (TSXV: KCC) is pleased to have commenced drilling at the Nyngan copper gold project ("Nyngan"). The Nyngan project is located in the interpreted northern undercover and underexplored section of the Junee-Narromine Belt of the Macquarie Arc of the Lachlan Fold Belt in NSW, Australia.

John Holliday, Technical Committee chair, and Peter Leaman, Senior VP of Exploration, commented: "Success for Kincora's first pass two-hole program at the Nyngan project will confirm the rocks are Macquarie Arc. The program seeks to test two large porphyry targets in an area that had favourable results in previous drilling 16 years ago and has not been drilled tested since. Kincora's Nyngan and Nevertire projects cover the interpreted most prospective and shallow to moderate cover of the northern Junee-Narromine Belt.

The Boda discovery by Alkane provides proof of concept, confirming the underexplored northern extension of the parallel Molong belt. Successful drill testing of Nyngan, or by other groups currently undertaking undercover drilling in the Junee-Narromine belt, will significantly enhance the wider prospectivity of this underexplored section of the belt.

Kincora's drilling activities remain ongoing at the Trundle project with preparations to commence drilling at the Fairholme gold project once the program at Nyngan is concluded."

Co-Operative funding

The Company was awarded A$120,000 in the third round of the New Frontiers Co-Operative Drilling Grants program from the Government of NSW for drilling at the Nyngan project. The grant monies are non-dilutionary and will fund direct drilling costs on a matched dollar-for-dollar basis.

The NSW Government has only just announced a fourth round of the New Frontiers Cooperative Drilling grants program, which will shortly open for applications. Kincora intends to apply for both its Nyngan and Jemalong projects.

Nyngan project background

Kincora secured the Nyngan project via direct application from the NSW Government. The application area was selected based on its stratigraphic-structural setting and favourable results from the last drilling program by Newcrest Mining Limited in 2005 that were not followed up.

Four holes were completed in the last drilling program. Three of these intersected basement at depths between 255 metres to 322 metres. Drill hole ACDNY002 recorded bornite-chalcopyrite-chalcocite-pyrite mineralisation associated with strong hematite alteration in clasts of volcaniclastic conglomerate that the ongoing Kincora program is looking to follow up.

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https://www.kincoracopper.com/news/press-releases/20-2021/133-kincora-commences-drilling-nyngan-project