Junior explorer Kincora Copper Ltd (CVE:KCC) has kicked off an induced polarisation (IP) and magnetotelluric (MT) survey at its East Tsagaan Suvarga project in the southern Gobi, Mongolia.
The survey, carried out by SJ Geophysics, will support existing ground magnetic, gravity and drilling data to advance and refine current targets. If successful, it will inform a Phase 2 drilling this field season, Kincora told investors.
Peter Leaman, the senior VP of exploration, said: "The SJ survey is anticipated to refine the current four large-scale targets, seeking to confirm coincident sulphide anomalies for Phase 2 drilling.
Mineralised intrusions
"A successful survey would support the conceptual target for East TS of a preserved series of mineralised intrusions. Such a setting is untested at the TSIC (Tsagaan Suvarga Intrusive Complex), with the Serven Sukhait pit exposed, similar to the open pit at Oyu Tolgoi where geophysics played a key role in the discovery of the high-grade undercover orebodies."
Notably, the series of targets at East TS are the first brownfield Devonian targets being advanced in the Southern Gobi belt since the Oyu Tolgoi mineralized trend over a decade ago, where a similarly limited outcrop and systematic approach resulted in significant exploration success, noted specialist consultant geophysicist Barry de Wet.
"Exploration activities have clearly defined four interpreted intrusive bodies. These support Tier 1 scale targets, underpinned by favourable geological and geophysical characteristics in the correct structural setting and in a known fertile porphyry system," he said.
The East TS project lies within 12km of the Tsagaan Suvarga open pit, an over US$1bn development project, in a confirmed fertile brownfield environment.
A total of 67.8km of IP, resistivity and magnetotelluric data will be collected at East TS along lines spaced at 150m (meters).