Kincora Copper Limited Announces Further Elevated Copper and Gold Mineralisation at Bronze Fox
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/05/12 -- Kincora Copper Limited (TSX VENTURE: KCC) ("Kincora") is pleased to announce highlights from the remaining assay results from Hole F62 located in the West Kasulu zone at Bronze Fox and additional assay results from Tourmaline Hills.
New assay results received demonstrate an extensive copper and gold mineralised zone with occasional elevated molybdenum intersections. Mineralisation is open in all directions.
The received assays from Hole F62 include the following results:
The drilling program is targeting an Oyu Tolgoi style of porphyry Cu-Au-Mo mineralisation with a large resource potential. Further drilling will test the extent of the mineralisation and will track the halo east and west which runs for approximately 2km.
Commenting on today's announcement, John Rickus, President and CEO of Kincora, said: "The exploration results continue to demonstrate the extent of the mineralisation at Kincora's 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."
In addition to the Hole F62 results in West Kasulu, further core assay results were returned from holes F61, F77 and F79 in Tourmaline Hills with both gold and copper intersections:
Along the south east Happy Geo zone, 650 rock chip samples have been collected. Assay returns from 81 samples have over 0.1g/t Au
To view the photos and figures accompanying this press release, click on the following link:
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.
Quality Assurance:
All of the core samples were assayed by Actlabs and SGS laboratories, both are internationally recognized laboratories.
( http://www.sgs.com/en/Mining/Analytical-Services/Geochemistry.aspx). All the samples were assayed with 50 gram fire assay for Au, and ICP assay for Cu, Mo, Ag, Zn, etc with Actlabs' code of 1F2 (34 elements) and SGSs' code of ICP40B (45 elements). 5% of standards, 3% of blanks, and 1% of duplicates were used for assay quality control. The Company has formal sample analysis service contracts with Actlabs and SGS for drill core, soil, rock chip, etc. samples in 2012.
About Kincora:
Kincora Copper Limited is a mining exploration and development company focused on copper-gold deposits in Mongolia. Its key assets are Bronze Fox, Tourmaline Hills and North Fox located in southeast Mongolia along the Oyu Tolgoi copper belt. The licenses are located 140km northeast of the world class Oyu Tolgoi copper gold project and 250km from the Chinese border.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Kincora Copper Limited
Stephen Fabian
Chairman & Director
Kincora Copper Limited
John Rickus
CEO
+44 7577 991 603
Kincora Copper Limited
Sam Spring
VP Corporate Development
+61431 329 345
Kincora Copper Limited
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Datum: 05.09.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 180515
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VANCOUVER, BRITISH COLUMBIA
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Mining & Metals
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