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Kincora Copper kicks off drilling at exciting East TS copper target in Gobi desert

The Seven Sukhait sulphide open pit is a billion-dollar-plus development project, said Kincora
diamond drilling bits
The maiden drill programme will consist of diamond drilling and reverse circulation

As promised, Mongolia- focused explorer Kincora Copper Ltd (CVE:KCC) has started drilling at its East TS copper porphyry target in the Southern Gobi desert in Mongolia.

The first phase consists of around 2,870 metres to less than 265m depth in around 12 holes.

The target sits within a geological complex which hosts the Severn Sukhait open pit, along with various oxide resources and exploration targets.

The Seven Sukhait sulphide open pit has a resource of 307mln tonnes at 0.54% copper and is a billion-dollar-plus development project, noted Kincora.

"In the upcoming months we will undertake drilling at two targets, initially at East TS, and then Bayan Tal, said Sam Spring, president and chief executive.

"These first phase programs will provide improved geological knowledge, with funds in place for follow-up geophysics and second phase drilling for a total of approximately 16,000 metres."

Spring said the programs will make use of advanced exploration techniques since the last wave of work in this belt "by the likes of Ivanhoe, the BHP JV and IBEX, and will test our conceptual models of the first new Devonian porphyry systems in the Southern Gobi belt since Oyu Tolgoi, the latter being the largest expansion project globally in the industry".

This is the first modern district scale reconnaissance exploration program in what is a world-class but underexplored porphyry belt.

Earlier this month, the firm said it had brought in over C$4.5mln via a placing to be used for drilling at its East Tsagaan Suvarga and Bayan Tal targets.

The resource group issued over 13.7mln shares at 33 cents each to raise C$4,524,687.

Kincora holds the dominant land position in the region with a portfolio across a whopping 1,437 sq km (square kilometres)

Kincora shares surged over 23% higher to stand at 37 cents each.

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