Three kincora partner funded drilling programs ramping up

Partner funded programs support ~11,000 metres drill testing up to thirteen large-scale copper-gold porphyry targets before year-end drilling commenced at the nyngan project with earn-in partner anglogold ashanti australia (anglogold ashanti) new district-scale potential with initially up to eight large intrusive complex targets to be drill-tested for the first time includes one existing high priority target covered by a fleet space technologies pty ltd's (fleet space) ambient noise tomography (ant) and gravity geophysical surveys with final interpretations pending 6 to 8 drill holes for 4000-5000 metres planned before year end kincora is managing the program and will receive a 10% management fee first drilling program by kincora in partnership with anglogold ashanti neighboring explorer drilling recommenced at the duck creek target adjacent to the nyngan project by inflection resources (inflection) (in partnership with anglogold ashanti) following encouraging results, including intense hydrothermal alteration and sulphide mineralisation ~1.4km from license boundary 1 second phase drilling program commenced at the cundumbul project by exploration alliance partner earth ai pty ltd (earth ai) with step out diamond drilling 5 drill holes for up to 3000 metres testing three targets scheduled to be drilled and reported before year end up to $4.5m to be spent by earth ai and up to 3% royalty earnt upon new drilling discovery (qualifying intersection), with kincora retaining 100% project ownership drilling commenced at the bronze fox project in mongolia by woomera mining limited (woomera) testing the potential for a shallower higher-grade structural zone and resource expansion drilling coupled with a second mining license conversion approximately 2250-3250 metres is planned before the winter year end break includes a 900m deep hole stepping out testing the up dip and higher grade potential within an interpreted structural corridor to previous hole f62 which returned 929m @ 0.37% cueq, including 318m @ 0.53% cueq and 37m @ 1.01% cueq 2 kincora is woomera's largest shareholder and retains attractive asset level exposure to the bronze fox project via an earn-in and joint venture agreement further value enhancing deals are proposed review of new wholly owned nevertire south project confirms standout priority drill targets discussions with potential technical and funding partners are progressing melbourne, australia--(newsfile corp. - october 8, 2024) - kincora copper limited (asx: kcc) (tsxv: kcc) (kincora or the company) is pleased to provide an exploration update with partner funded drilling programs commencing across three of kincora's portfolio of thirteen copper-gold projects and following a very favourable review of the newly secured nevertire south project. the ramping up of these programs marks an exciting transition point in the company's strategy to create shareholder value through securing highly prospective projects in exploration and mining hotspots, executing deals with technical partners, securing partner funding to advance drilling and seeking to make globally significant discoveries.
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