Kincora and AngloGold Ashanti Resume Drilling at Nevertire Project in Australia
Kincora Copper Limited has resumed drilling at the Nevertire and Nevertire-South projects in Australia, following the completion of Phase 1 drilling, which confirmed the prospective nature of the Nevertire Magmatic Complex. The ongoing exploration is part of joint venture agreements with AngloGold Ashanti, which may invest up to A$100 million across five projects. New geophysical surveys are expanding the exploration area, and follow-up drilling is targeting high-priority sites based on promising initial results.
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Kincora Copper Limited has recommenced drilling at the Nevertire and Nevertire South projects in Australia after completing Phase 1 drilling, which confirmed the potential of the Nevertire Magmatic Complex. This initiative is part of joint venture agreements with AngloGold Ashanti, allowing for up to A$100 million in investment across five projects.
The Phase 1 program involved eight holes totaling 3,385.2 meters, revealing significant porphyry-related mineralization. New geophysical surveys are expanding the search area, exceeding 40km in prospective strike length. Ongoing follow-up drilling targets high-priority areas to refine mineralization patterns.
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