Kincora Copper LLC, a mining and exploration company focused on copper and gold deposits in Mongolia, has announced the findings of the Mining Associates LLC’s review of its wholly owned Bronze Fox copper-gold porphyry project in the Southern Gobi. The West Kasulu prospect at Bronze Fox by Mining Associates supports an exploration target of 416-428 Mt grading 0.26-0.30 percent copper for up to 2,437 Mlb of copper and 0.84 Moz gold, ranking as one of the largest potential in-situ copper-gold systems in Mongolia and with only modest drilling.
According to the company, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will indicate the exact amount of mineral resource. Technical workshop is expected to review the systematic advancement of Kincora’s 1437 km2 exploration portfolio and progress plans for 2018 activities, including at Bronze Fox Kincora Copper LLC.
Mining Associates releases review on copper-gold project
Sam Spring, President and CEO of Kincora Copper, commented, “The review has assisted to quantify Kincora’s large tonnage system at Bronze Fox, which has surprised on the upside to expectations, providing parameters for future exploration and steps required for a potential NI 43-101 defined resource.
Two zones have been identified within West Kasulu, bisected by a regional fault, with particular encouragement provided by the most prospective parts of the porphyry system having effectively been sterilized to Kincora due to access, which is now resolved.
Previous drilling by Kincora into this now better understood western zone is limited to only 4 holes for 2,170 metres during 2012, with 3 of those holes providing higher grade intersections, including F62 which returned 37 metres at 1.01 percent copper equivalent within a broader intersection 2.
New drill targets have been recommended and further analysis is ongoing to support potential additional targets. Kincora’s next technical workshop is scheduled for next week and will look to determine the next steps at Bronze Fox as well as advance the rest of the Company’s projects located within its dominant position in the Southern Gobi Devonian copper belt.”
With access to the whole Bronze Fox project restored and the recent improvement in the copper price, Mining Associates considers scope for Kincora to follow a similar strategy to that being pursued by Xanadu Mines at its advanced Kharmagtai porphyry project, where Mining Associates previously provided a similar exploration target and review.
Tugsbilig.B
Kincora Copper LLC, a mining and exploration company focused on copper and gold deposits in Mongolia, has announced the findings of the Mining Associates LLC’s review of its wholly owned Bronze Fox copper-gold porphyry project in the Southern Gobi. The West Kasulu prospect at Bronze Fox by Mining Associates supports an exploration target of 416-428 Mt grading 0.26-0.30 percent copper for up to 2,437 Mlb of copper and 0.84 Moz gold, ranking as one of the largest potential in-situ copper-gold systems in Mongolia and with only modest drilling.
According to the company, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will indicate the exact amount of mineral resource. Technical workshop is expected to review the systematic advancement of Kincora’s 1437 km2 exploration portfolio and progress plans for 2018 activities, including at Bronze Fox Kincora Copper LLC.
Mining Associates releases review on copper-gold project
Sam Spring, President and CEO of Kincora Copper, commented, “The review has assisted to quantify Kincora’s large tonnage system at Bronze Fox, which has surprised on the upside to expectations, providing parameters for future exploration and steps required for a potential NI 43-101 defined resource.
Two zones have been identified within West Kasulu, bisected by a regional fault, with particular encouragement provided by the most prospective parts of the porphyry system having effectively been sterilized to Kincora due to access, which is now resolved.
Previous drilling by Kincora into this now better understood western zone is limited to only 4 holes for 2,170 metres during 2012, with 3 of those holes providing higher grade intersections, including F62 which returned 37 metres at 1.01 percent copper equivalent within a broader intersection 2.
New drill targets have been recommended and further analysis is ongoing to support potential additional targets. Kincora’s next technical workshop is scheduled for next week and will look to determine the next steps at Bronze Fox as well as advance the rest of the Company’s projects located within its dominant position in the Southern Gobi Devonian copper belt.”
With access to the whole Bronze Fox project restored and the recent improvement in the copper price, Mining Associates considers scope for Kincora to follow a similar strategy to that being pursued by Xanadu Mines at its advanced Kharmagtai porphyry project, where Mining Associates previously provided a similar exploration target and review.
Tugsbilig.B