Kincora Copper says assay results from one drill hole at its Bronze Fox deposit demonstrate an extensive copper and gold mineralized zone with occasional elevated molybdenum intersections, which is open in all directions.
Highlights of the drill results include 9 metres averaging 0.37% copper and 0.97 grams/tonne gold and 661 metres @ 0.35% copper, 0.01% molybdenum and 0.08 grams/tonne gold.
The drill program at the project’s West Kasulu zone is targeting an Oyu Tolgoi-style of porphyry copper-gold-molybdenum mineralization. Further drilling will test the extent of the mineralization.
Additional core assay results have been returned from three holes at the Tourmaline Hills deposit, confirming gold and copper intersections. Best results include 3 metres averaging 1.09 grams/tonne gold including 1 metre @ 2.22 grams/tonne gold and 6 metres averaging 0.85% copper with 0.1 grams/tonne gold.
Kincora’s president John Rickus says, “The exploration results continue to demonstrate the extent of the mineralization at our properties. The 2012 exploration program remains on track for the season and we continue to improve our understanding of the extent of the high grade system while adding new targets to be explored at a later stage.”
Kincora’s key assets include the Bronze Fox, Tourmaline Hills and North Fox deposits in southeast Mongolia, along the Oyu Tolgoi copper belt. The 223sqkm licence area is about 140km northeast of the world class Oyu Tolgoi copper project and 250km from the Chinese border.
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