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Kincora Copper Announces ANT and Gravity Geophysical Surveys at the Nyngan Project
Ambient Noise Tomography ( ANT ) and gravity geophysical survey partnership formed with Fleet Spa...
About this update from Kincora Copper Limited
[{"type":"text","content":"\nKincora Copper Announces ANT and Gravity Geophysical Surveys at the Nyngan ProjectAmbient Noise Tomography (ANT) and gravity geophysical survey partnership formed with Fleet Space Technologies Pty Ltd (Fleet Space) at the Nyngan ProjectTwo phase regional and infill surveys to commence in early AugustSurveys cover a regionally significant priority target identified by Fleet Space under a Research and Development grant agreementWithin the immediate district Fleet Space has recently completed the world's largest ANT survey and built a proprietary AI-powered district scale copper prospectivity mapThe Fleet Space surveys complement Kincora and AngloGold Ashanti plc's (AngloGold Ashanti) planned exploration and upcoming drilling via an up to $50 million earn-in and joint venture agreement for the Nyngan and Nevertire ProjectsMelbourne, Australia--(Newsfile Corp. - July 25, 2024) - Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (Kincora or the Company) is pleased to announce an ANT and gravity geophysical survey partnership with Fleet Space at the Nyngan Project, located in the Northern Junee-Narromine Belt (NJNB) of the Macquarie Arc, Central West New South Wales. Sam Spring, President and CEO of Kincora commented: \"We are pleased to partner with Fleet Space who shares our and AngloGold Ashanti's view that the undercover extensions of the Macquarie Arc are a globally significant opportunity. Fleet Space is making very significant investments in this district seeking to prove its proprietary exploration techniques and technology, designed to improve the speed and success rates for the discovery of new globally significant porphyry copper deposits. They have successfully defined a number of new large targets for other porphyry explorers in the district, one currently being drill tested within 10km from the surveys at our Nyngan Project. Through their knowledge of the belt, Fleet Space identified the northern Nyngan license area as a highly prospective untested new porphyry complex target area. The upcoming surveys will cover a large interpreted magnetic complex, and intrusive level transverse structure within it, which is an existing high priority target and expected to be shortly drilled under the earn-in and joint venture agreement with AngloGold Ashanti.\"Background Fleet Space's ANT and ground gravity surveys cover a regionally si...