logo-loader

Kincora Copper hires Mining Associates to review Bronze Fox copper-gold porphyry project

Last updated: 15:45 21 Nov 2017 GMT, First published: 10:45 21 Nov 2017 GMT

Kincora
The results of its programmes at its pipeline of targets will be released after the Company's next technical workshop.

Kincora Copper Ltd (CVE:KCC) said it has appointed Mining Associates Ltd. to undertake a review of its wholly owned Bronze Fox copper-gold porphyry project in the Southern Gobi, Mongolia.

Bronze Fox has an extensive mineralized footprint covering over 40km2 at the Bronze Fox Intrusive Complex ("BFIC") and 15 square km at the neighbouring Tourmaline Hills Intrusive Complex, with only two active and unencumbered drilling exploration field seasons across the adjacent two license portfolio that hosts the full BFIC.

READ: Kincora Copper gets the drillbit turning at Ulgii Khud massif, Mongolia

Total drilling by Kincora and others covers 169 holes for 55,908 metres across the portfolio, the company said in a statement.

Efforts to date have focused at the western central portion of the BFIC where 75 holes for 23,130 metres has been drill across a 1.4km by 2.4km zone, with mineralization encountered often from surface to a maximum vertical depth of over 1km.

This latter zone will be the focus of the review and modelling, including grade estimate and tonnage target.

Sam Spring, President and CEO, said: "There is a substantial copper-gold system at the western central portion of the BFIC, within the larger two mineralized intrusions at Bronze Fox.

“With unencumbered access to both licenses and an improved copper price, the Mining Associates review is expected to independently quantify the previous discovery, which will assist valuations to peers, define areas of potential higher grade and adjacent exploration targets that may justify further drilling to expand the mineralized system and define a maiden NI 43-101 compliant resource.”

READ: Cashed-up Kincora Copper now raring to dish up major discoveries in Mongolia

The results of the programmes at its pipeline of targets will be released after the Company's next technical workshop.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

12 minutes ago