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Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project

In This Article:

  • Exploration alliance partner Earth AI has commenced its maiden drilling program at the Cundumbul Project

    • A first phase program of up to 1800m of diamond core drilling has been approved by the Resource Regulator (NSW Government)

      • includes up to 3 holes at approximately 600m per hole

    • Initial program is expected to run for 1-2 months and be solely funded by Earth AI

  • Earth AI's Artificial Intelligence and field based exploration has generated a pipeline of new intrusion related copper targets in the central portion of the project

    • Initial program tests a 2.2km x 800m zone of anomalous surface copper associated with a zoned hydrothermal quartz breccia system (and open)

    • Field mapping, soil and rock chip sampling program is ongoing to test both north and southern strike extensions, and open zones to the west and east, including higher grade surface geochemical anomalies (up to 5.2% Cu)

  • The Cundumbul Project is located in the world-class Molong belt of the Macquarie Arc, 30km south of the Boda-Kaiser discoveries (>15Moz AuEq resource) and 70km north of Cadia (>90Moz AuEq endowment)

MELBOURNE, Australia, May 20, 2024 /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce Exploration Alliance partner Earth AI Pty Ltd (Earth AI) has commenced its maiden drilling program at the Cundumbul Project testing a number of new copper targets.

Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project (CNW Group/Kincora Copper Limited)
Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project (CNW Group/Kincora Copper Limited)

Sam Spring, President & CEO, commented:

 "After multiple field based campaigns refining Earth AI's artificial intelligence model and geological theses the commenced diamond drilling program is a exciting catalyst in our success based exploration alliance and provides Kincora shareholders exposure to a fully funded, new discovery focused opportunity.

Prior explorer activities and limited drilling has confirmed fertile porphyry systems in both the north and south of Cundumbul located over 10km apart.

The initial new drill targets of this first phase program by Earth AI are associated with a newly identified zoned mineralised hydrothermal quartz breccia system in the previously untested central eastern portion of the project.

The hydrothermal quartz breccia system is open, already stretches over 1.8km, and the commenced program seeks to provide initial guidance on the down-hole extent and grade as plans are being advance to test further targets along strike."

Figure 1 (see PDF): Cundumbul is located in the world-class Molong belt of the Macquarie Arc, 30km south of Alkane's Boda-Kaiser porphyry project (>15Moz AuEq), 25km north of Copper Hill (>3Moz AuEq resource) & 70km north of Cadia (>90Moz AuEq endowment)

Previous surface exploration and limited drilling has confirmed porphyry potential both in the north and south of the Cundumbul project, located 10km apart