Highlights
RareX recently sold 65% interest in NSW Copper Gold Assets to TSXV listed Kincora Copper
RareX retains 35% free carried interest and owns 9.9% of Kincora Copper’s listed equity
Kincora Copper to commence fully funded 3,800m drill program comprising 6 deep holes
Kincora Copper’s flagship project is Trundle Project (35% RareX) being the only brownfield porphyry project in the Lachlan Fold held by a listed junior
Kincora exploration led by John Holliday principal discoverer for Cadia
Trundle Project sits within the same system as Northparkes being Australia’s second largest porphyry mine
Trundle Project previously owned by: - Newcrest (1990’s & early 2000’s) – no drilling below 200m depth - HPX (2015, Robert Friedland Chaired) – drilled one hole prior to market downturn
Historic drill intercepts at Trundle Project include: - 60m @ 0.54g/t Au from 1m - 56m @ 0.88g/t Au, 0.35% Cu from 34m - 51m @ 0.58 g/t Au, 0.14% Cu from 33m
Trundle Project remains untested at depth with only 0.5% of historic drilling below 300m
Drill program targeting discovery of new cluster of porphyry deposits
Target concepts include: - Cadia-Ridgeway (50m Oz Gold and 9.5Mt Copper, 100% Newcrest)1 - Northparkes (5.5m Oz Gold and 4.5Mt Copper, 80% China Moly, 20% Sumitomo)2 - Boda (1167m @ 0.55g/t Gold, 0.25% Copper, 100% Alkane)3
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