Kincora Secures New Strategic Ground On Australia’s Premier Porphyry Copper-Gold Province

ACN Newswire
Three new wholly owned licenses awarded covering 1,377km2 on Australia’s main porphyry copper-gold geological province and named the Nyngan West, Nyngan South and Nevertire South projectsDoubles Kincora’s position on the Macquarie Arc’s Northern Junee-Narromine Belt (NJNB) and provides continuous landholding along >100km strike of the ArcConsolidates the immediate extensions of the Nyngan and Nevertire projects held in earn-in partnership with AngloGold Ashanti Australia (AngloGold Ashanti)AngloGold Ashanti has the right to spend up to A$50 million to earn a 80% interest in the Nyngan and Nevertire projectsNevertire South is the most advanced exploration stage porphyry project within the NJNB district hosting a confirmed Phase 4 Macquarie Arc intrusive complex with broad and open zones of anomalous copper and gold mineralisationDiscussions with potential technical and funding partners progressingFleet Space Technologies Pty Ltd’s (Fleet Space) Ambient Noise Tomography (ANT) and gravity geophysical surveys are ongoing and progressing well at the Nyngan projectThe first ever copper-gold focused drilling program at the northern portion of the Nyngan project will shortly commence with earn-in partner AngloGold Ashanti testing a new district scale with up to eight large intrusive complex targets to be drilled before year endMelbourne…
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