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Kincora Commences Drilling at the Historic Condobolin Mining Field

Kincora Copper has commenced the first systematic drilling at its 100% owned Condobolin gold-silver-base metals project, targeting the high‑grade Meritilga discovery and adjacent geophysical/geochemical anomalies. The program is a capital‑efficient, sole‑funded first phase of up to eight diamond holes (permits in place) within a broader potential 15‑hole, ~4,100m campaign testing down to ~350m. Historic intercepts at Meritilga include 4m @ 20 g/t Au and 30.2 g/t Ag (including 1m @ 62 g/t Au). Management highlights partner funding traction across its portfolio (over A$9m partner-funded exploration and >A$100m potential partner funding unlocked), and regional M&A activity that could re-rate high‑grade assets in the Cobar Basin. Market impact: successful results could materially boost Kincora’s valuation, attract further JV/asset sales or M&A interest in the district, and reinforce bullish sentiment toward Cobar Basin gold-copper projects.

Category

Gold

Sentiment

Bullish

Event

Other

Reading time

1 min