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

It follows work last year in the area, which generated targets and now four percussion holes are planned .
Kincora Copper gets the drillbit turning at Ulgii Khud massif, Mongolia
Kincora is busy exploring Mongolia at the moment

Mongolia-focused explorer Kincora Copper Ltd (CVE:KCC) is busy currently and has now kicked off drilling at the prospects on the margins of the Ulgii Khud massif in the Southern Gobi as it continues to hunt for copper porphyries.

It follows work last year in the area, which generated targets and now four percussion holes are planned with diamond tails for up to 2,000 meters.

The prospects in question are the wholly owned Argalant, Central West and Ulgii Khud areas, and the first phase will see two holes at the Argalant prospect, before drilling the Central West Khiid Ulgii and West Khiid Ulgii prospects.

Notably, historic samples taken by Ivanhoe Mines on limited areas of outcrop on the massif massif support it being a potential copper-gold mineralized system.

Kincora believes no drilling has taken place into the intrusion or its margins under cover.

"The Ulgii Khud massif is along the northeast arc parallel Oyu Tolgoi-Tsagaan Suvarga Devonian belt," explained Sam Spring, president and chief executive.

"Porphyries in more mature and well-understood copper belts are known to occur in favourable structural settings and do not occur in isolation.

"The two currently economic deposits in the Southern Gobi copper belt are interpreted to be controlled by arc transverse structures within Late Devonian age intrusions."

Spring said the maiden drilling was testing four potentially favourable structures at moderate depths and was expected to provide important geological understanding to this "very large, but previously undrilled intrusive complex where limited previous surface exploration supports a potential copper-gold system under cover".

He added: "Following the recently two-tranche private placements Kincora will complete approximately 20,000 metres of drilling over a nine- to 12-month period."

Last week, the firm began ground magnetic and gravity surveys at its Red Well licence in Mongolia.

Kincora was granted the licence in February last year, following the eastern section of Mongolia only being opened up in the second half of 2015 following a five-year moratorium on issuing new exploration licences.

Red Well lies 40 km north of the Oyu Tolgoi concentrate plant and immediately to the north of Rio Tinto drilling activities on a Turquoise Hill Resources licence.

Shares in Toronto added 1.41% to C$0.36.

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