Interview with Sam Spring (Kincorra) 19/11/20

Interview with a bit of info on Trundle and Fairholme. Despite notdrilling a discovery hole for a Boda/NP/Cadia yet, seems to beprogressing well despite the silence from KCC. Maybe the will unearthsomething at Fairholme and we will all have a bountifulChristmas.

Canyou please update readers on the status of Kincora’s drill programon the Trundle copper-gold porphyry project?

We’re well into adrill program at Trundle that, from a technical standpoint, has beenvery successful so far, and we are now looking to convert thistechnical success into commercial success and the share price.

We’recurrently on hole #10. We have drilled three holes at our Mordialloctarget, which have continued to support our concept that thisprospect has the potential for a pencil porphyry system from mediumdepths. It’s clearly a large intrusive system, vectoring to thecore of the system is a continued work in progress.

We’re now drillingat the Trundle Park target, the sixth hole at this target where weare predominately testing the at/near surface skarn potential pluscausative intrusion. We’re significantly improving our geologicalunderstanding of this zone, assisted by encouraging results.

Theassay that grabbed investor’s attention in May contained 1.17 g/tAu + 0.54% Cu, (~1.8 g/t Au Eq.) over 51 m, incl. 20.5 m of ~3.3 g/tAu Eq. It was near surface, starting at just 39 m downhole. Can youdiscuss the potential depths of your targets in NSW?

Despite the verypositive results at shallow depths at the Trundle Park target,generally at the Trundle project level we feel previous explorationefforts failed to drill deep enough, or in ways required to properlytest for what big deposits look like in this belt – like the 5deposits at Northparkes or the Cadia-Ridgeway pencil porphyry or eventhe recent Boda discovery. These deposits generally don’t outcropat surface, but are vertically extensive from moderate depths. Gradescan also be quite good.

We have a mix oftargets requiring both shallow and deep drilling. Our first holeat Trundle Park was a mixture of both. We saw a decent grade skarnsystem near surface, but the bigger prize is trying to find thedeeper source of these fluids
.

We’rewaiting for assay results on hole TRDD008; it’s the first southernhole to TRDD001, where there are two very broad skarn zones ofmineralization with a small fault in between. Probably ~70 m in thefirst zone and ~125 m in the second – a couple of photos of thecore from these holes are in our corporate presentation on thewebsite.

Ofcourse, grade is the great unknown, andwe’re not yet on top of the likely true widths, but these are thethickest horizons we have seen to date. Thick horizons are verypromising as they help indicate potential upside to the scale of theskarn and vectors to chase the causative intrusion we’re after.We’re also getting a better handle of the structures and vectorsfor where we feel the larger prize might be, the causative intrusionand source of fluids in the skarn.

What’sthe status of the Fairholme gold project? Why is this project high onKincora’s list to explore?

Kincora’sdrill targets at Fairholme are less than 15 km along strike from thefive shallow epithermal deposits that comprise the Cowal mine (targetendowment of 15M oz. gold).Yet, prior drilling at Fairholme focused on deeper copper-goldporphyries — despite encouraging results at shallow depths for a“Cowal-style” system.

Sincethe last field program was done at Fairholme, resources haveincreased from 3.4 M to 9.0 M oz. gold over at Cowal, with the goldendowment far outshining the copper porphyry potential.Our team has designed a maiden drill program that will — for thefirst time — be focused on testing the potential for shallow tomoderate depth, structurally-controlled, Cowal-style gold / basemetal mineralization. Such an opportunity is pretty exciting and iswhy we’re keen to get on with drilling to see if our new conceptsare right.

GLTAHDYOR