NORTHERN JUNEE-NARROMINE BELT
Northern Junee-Narromine Belt Projects (Nyngan, Nevertire and Mulla Licenses)
May 14, 2021
The Company’s wholly owned Nyngan (granted), Mulla (application) and Nevertire (granted) licenses cover 1,761km2 a large portion of what is interpreted by Kincora to be the most prospective and shallow to moderate covered part of the commonly accepted northwards extension of the Junee-Narromine Belt of the Macquarie Arc.
Kincora was an early mover into the region, which is within a jog in the Junee-Narromine belt. This jog favourably comparable to the Lachlan Transverse Zone and other NW-SE lineaments that have often been interpreted as fundamental controls on the formation of the porphyry related mineralized systems in the Macquarie Arc (eg Cadia, Northparkes, Boda and Cowal-Marsden).
The broad region was previously the focus of St Barbara Ltd’s Big Gold Lachlan Project-Marra Joint Group project that covered various separate license areas across an 80km strike. St Barbara interpreted “the area to contain the largest volcano-intrusive centre of the Ordovician-Early Silurian Macquarie Arc, which to the south hosts the Northparkes and Cadia Valley mines.”3
Outside of the Nyngan, Mulla and Nevertire licenses, the northern section of the Junee-Narromine belt has attracted significant recent interest with majors and juniors alike pegging ground resulting in greater than 100% increase of tenure in the region since Kincora moved in. Inflection Resources and FMG Resources are both currently undertaking stratigraphic and target testing drilling programs within the region.
With non-dilutive cooperative funding grant support from the NSW Government in place, Kincora is planning a maiden drilling program testing two copper gold porphyry targets at our Nyngan Project, amongst other activities in this prospective but underexplored region.
Exploration success by Kincora, or others currently drilling in this northern section of the Junee-Narromine Belt has scope to add significant value to tenure in this part of the Macquarie Arc and support not dissimilar activities to the acceleration of drilling and increased corporate activities of juniors around the recent Boda porphyry discovery in the northern and similarly underexplored section of the Molong Belt.
For further details please refer to:
- 9th June 2021 press release – Kincora increases Lachlan Fold Belt foothold
- 17th May 2021 press release – Kincora commences drilling Nyngan project
- 14th September 2020 press release – Kincora Copper awarded NSW Government co-funding for Nyngan project
- 14th April 2020 press release – Kincora issued Nevertire license
- 21st November 2019 press release – Kincora Secures Strategic License in Australia’s Leading Porphyry Belt