Kincora Copper Limited Announces Exploration Results and Its 2012 Strategy
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/05/12 -- Kincora Copper Limited (TSX VENTURE: KCC) ("Kincora" or "the Company") announces updated exploration results and details of the 2012 drilling campaign for the Bronze Fox project in Mongolia, which occupies 223km2 of land 140km northeast of the Oyu Tolgoi project, on the same copper belt.
Having completed the 2011 exploration campaign, the results continue to demonstrate the significant potential of the Bronze Fox project. Encouraged by the extent of mineralization within the license area, the 2012 exploration campaign will continue to define the resource potential.
Commenting on today's announcement, Igor Kovarsky, President and CEO of Kincora, said: "These are the final results from the 2011 exploration campaign which continue to demonstrate that Bronze Fox (Buyant License) hosts a large area of copper and gold mineralization, open at depth and in every direction with high grade intersections. These results combined with those announced on 20 February are a great development for the project. We are also pleased to announce our 2012 strategy which aims to define a maiden resource."
Drilling highlights
In 2011 Kincora completed a total of 12,435m of diamond (core) drilling. Of the 23 holes drilled, 22 holes hit copper-gold or gold mineralization. The significant results include:
2012 Strategy
Kincora's key objectives from its 2012 drilling campaign are to:
The 2012 strategy is expected to cost $5.2 million, and is compiled of:
2012 Drilling campaign
Kincora's 2012 diamond drilling campaign will begin in March with a total of 16,000m planned. The focus of the drilling campaign will be as follows:
West Kasulu (WK):
Leca Pass (LP):
Dunlop Fox (DF):
Buchanan Heights (BH):
New target area:
Geological surveys
Infill soil geochemistry study
About Kincora:
Kincora Copper Limited is a mining exploration and development company focused on copper-gold deposits in Mongolia. Its key asset is the Bronze Fox (Buyant License) copper-gold deposit located in southeast Mongolia along the Oyu Tolgoi copper belt. Bronze Fox (Buyant License) is located approximately 140km to the northeast of the world-class Oyu Tolgoi copper-gold project, and is 250 km from the Chinese border.
To view the Figures associated with this release, please click: .
Quality assurance
All of the core samples were assayed by Actlabs, an internationally recognized laboratory (). All the samples were assayed with 50 gram fire assay for Au, and ICP assay for Cu, Mo, Ag, Zn, etc. covering a total of 36 elements. Au fire assays were done by ActLabs in Ulaanbaatar and ICP assays were done at ActLabs in Canada. 5% of standards, 3% of blanks, and 1% of duplicates were used for assay quality control. The Company has a formal sample analysis service contract with ActLabs.
Qualified person
The new drilling results in this news release and on Kincora's website and the other scientific and technical information in this news release were prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and were reviewed, verified and compiled by Kincora's geological staff under the supervision of John Rickus, a director of Kincora, who is the Qualified Person for the purpose of NI 43-101.
Contacts:
Kincora Copper Limited
Igor Kovarsky
President and CEO
+1 604-689-2599
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Datum: 05.03.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 121417
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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