Kincora Copper has resumed field work at its copper prospects in southern Mongolia and is making plans to drill two targets with geological models analogous to the nearby large-scale copper mines of Oyu Tolgoi and Tsagaan Suvarga.
The plans follow analysis of the two priority targets and earlier stage district scale pipeline.
The drill targets are Devonian age and analogous to the two development projects in the belt with Bayan Tal being an Oyu Tolgoi (OT) style target and East Tsagaan Suvarga being a brownfield Tsagaan Suvarga (TS) style target.
Kincora holds the dominant portfolio in the emerging gold-rich world-class South Gobi porphyry copper belt.
Previously unidentified outcrop was mapped in Kincora’s area of interest at the East TS target, with fertility analysis, age dating and ground magnetics supporting the geological model of an open pit target being within, or on the eastern margin of the TS Intrusive Complex, 13km away from the existing Serven Sukhait open pit development project.
Following a review of copper soil anomalies, 2016 ground magnetics and satellite images, Kincora has commenced field activities looking to expand the near-surface target area at East TS.
Bayan Tal is a large-scale target with confirmed Oyu Tolgoi style stratigraphy, the first target in the belt since OT with such attributes, and known mineralisation on the margin of the interpreted system, including 18 metres @ 0.66% copper equivalent and 0.75% copper equivalent.
A better understanding of surface geology at East TS and further modelling of ground magnetics at Bayan Tal is expected to refine drilling programs under shallow and shallow to moderate cover at the respective projects.
President and CEO Sam Spring said, “Kincora’s exploration strategy is to advance the portfolio along the development curve. In the next 6 months this is expected to include drilling two targets that provide analogies to the existing two large-scale copper mines in belt with encouragement of our geological models likely being a major value add milestone.
“The team is continuously looking to improve the quality of our landholding through the addition of new strategically important licences and ground that does not fit our target exploration profile will be relinquished.
“We are in the favourable position of currently exploring to confirm additional scale potential at our East TS target, after which we will provide further details on our plans for the 2017 field season.”