FTSE 100 closes in red as Wall Street comes off recent highs
London's top tier index closed down nearly 28 points at 7,696
Company
CVE:KCC
Kincora Copper is an active explorer and hybrid prospect generator led by an industry leading technical team targeting Tier 1 scale discoveries in New South Wales, Australia. With a district-scale portfolio across the Macquarie Arc and Cobar Basin of the Lachlan Fold Belt, the company combines partner-funded exploration, wholly owned discovery opportunities and a capital-efficient strategy designed to create multiple shots on goal.
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London's top tier index closed down nearly 28 points at 7,696
There is a substantial copper-gold system at the western central portion of the Bronze Fox Intrusive Complex, within the larger two mineralized intrusions at Bronze Fox - Sam Spring
It follows work last year in the area, which generated targets and now four percussion holes are planned .
Kincora was granted the Red Well exploration licence in February last year,
With heavyweight supporters, the best ground in country and new cash in the bank, Kincora looks very well positioned
The group's efforts at East TS provided a template to systematically replicate across the rest of the group's commanding portfolio
"The bank is a significant investor in some of Mongolia's largest mining projects...," said Kincora
As reported last month, the firm entered a subscription agreement for a second tranche placing at C$0.33
The Seven Sukhait sulphide open pit is a billion-dollar-plus development project, said Kincora
The resource group issued over 13.7mln shares at 33 cents each to raise C$4,524,687...
A look at some of the biggest risers and fallers in London today
One of the largest mining private equity specialist funds will pump C$1.5mln into the C$13.9mln-valued company
Sam Spring said the Bayan Tal target was "one of the most advanced and prospective untested intrusive complexes.."
High Power Ventures Inc., an affiliate of Ivanhoe Industries LLC, has reduced its stake in Kincora Copper shares to 9.62% the company declared on Monday
Remuneration packages that include shares provide "skin in the game"
Kincora expects to drill two targets within the next six months
Kincora Copper has a commanding position in one of the world's most promising emerging copper areas
Kincora Copper has received the acceptance of the TSX Venture Exchange for its previously disclosed private placement of 1,543,720 shares at 34.5 cents per share (gross proceeds of $532,584) and updated on the holding period
Luke Leslie has been appointed as the company’s non-executive chairman, while John Holliday is now Kincora’s independent non-executive technical director
Kincora’s East TS target had long been thought to share similarities with the nearby Oyu Tolgoi deposit