The latest round of testing at Kincora Copper Ltd’s (CVE:KCC) East Tsagaan Suvarga (East TS) target has confirmed that the prospect shares similar characteristics with one of the largest porphyries in the world.
It had long been thought that the East TS copper target in Mongolia shared similarities with the nearby Oyu Tolgoi deposit, with the results of recent age dating and fertility discrimination analysis confirming this.
“New analysis undertaken last field season has shown Tsagaan Suvarga can be classified as a Devonian quartz monzodiorite system, essentially identical to the high-grade orebodies at Oyu Tolgoi, and our East TS target is part of this suite,” said President and chief executive Sam Spring.
“This further supports East TS as a priority target area and has important implications to future regional exploration.”
Kincora also told investors that it is in the process of finalising its plans for the upcoming field season.
Mongolia’s South Gobi desert – where the East ST sits – is generally recognised as one of the last underexplored copper frontiers in the world and is within trucking distance of the world’s largest copper consumer – China.
Story by ProactiveInvestors