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Kincora to drill two targets in the next six months

Wednesday, February 15, 2017 8:54
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(Before It's News)

Explorer Kincora Copper Ltd (CVE:KCC) has resumed field activities as it looks to expand the near surface target area at its Mongolian prospects.

The company has completed analysis of two high priority drill targets: Bayan Tal, an Oyu Tolgoi-style (OT) target; and East Tsagaan Suvarga (East TS), a brownfield Tsagaan Suvarga-style (TS) target.

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, Kincora said

“Kincora’s exploration strategy is to advance the portfolio along the development curve,” said Sam Spring, president and chief executive officer of Kincora said.

“In the next six months this is expected to include drilling two targets that provide analogies to the existing two large-scale copper mines in the belt with encouragement of our geological models likely being a major value-add milestone,” Spring said.

“The team is continuously looking to improve the quality of our landholding through the addition of new strategically important licenses and ground that does not fit our target exploration profile will be relinquished. We are in the favorable 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,” he revealed.

Shares in Kincora were up 1.1% at C$0.465.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/173218/kincora-to-drill-two-targets-in-the-next-six-months-173218.html

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