Kincora: Newly Discovered Higher-Grade Zones Expand the Large-Scale Gold-Copper System at Trundle...

Highlights

• Ongoing drilling at Kincora’s Trundle Park prospect has yielded significant encouragement. Three zones of mineralised skarns have been intersected in most recent hole TRDD029. The cumulative mineralised interval amongst the three units totals some 213m.
  

• Assay results are only available for the Upper skarn which has returned 36m @ 1.17 g/t gold equivalent. Remaining results are due in approximately 5 weeks.

- Upper skarn: 36m @ 0.68 g/t gold and 0.29% copper from 732m, including 4m @ 1.19 g/t gold and 0.59% copper (2.19 g/t AuEq1 ) from 732m

- Middle skarn: 139.3m intersected between 826.7-966m interpreted to host multiple zones with abundant visual chalcopyrite (assay results pending)

- Lower skarn: 37.7m intersected between 981.3-1019m (assay results pending)

• Gold-copper mineralization now confirmed over a ~1.3 km strike and open
  

• Follow up hole TRDD030 is ongoing, testing the up and down dip extent of the Upper skarn zone in TRDD029 and for a causative porphyry intrusion
  

• Assay results returned for TRDD028 have returned multiple broad lower grade gold zones

Melbourne, Australia — January 25th, 2022

Kincora Copper Limited (the Company, Kincora) (TSXV & ASX:KCC) is pleased to provide an exploration update from ongoing drilling at Trundle Park prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.

John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, noted:

“Hole TRDD029 has returned very encouraging assay and visual results in newly discovered magnetite skarn zones typical of Macquarie Arc porphyry systems. We eagerly await assay results for the remainder of the hole..."

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