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Monday, 27 August 2012
Kincora Copper hires new VP of corporate development
Kincora Copper Ltd. (CVE:KCC) Monday has heralded the appointment of senior mining analyst Jonathan Spring as vice president of corporate development.
Spring, whose role is effective immediately, has over 10 years of financial services experiences across many disciplines within Goldman Sachs and Ocean Equities.
Aside from that, he has five years experience as a metals and mining research analyst covering and providing advisory services to the junior and mid-cap sector.
In mid 2011, he was involved in the formation and funding of Kincora. Spring has a commerce degree from the University of Melbourne and is a chartered accountant.
Spring is just the second senior appointment since chief executive John Rickus took helm of the company on August 1. Rickus has over 40 years worth of experience in the mining sector, of which 24 years was spent with Rio Tinto.
Earlier this month, Kincora disclosed partial assay results from the West Kasulu zone at Bronze Fox as well as Tourmaline Hills in southwest Mongolia.
The Bronze Fox project is located on the copper-gold belt in southeast Mongolia that also hosts the world-class Oyu Tolgoi deposit.
Partial drill core from hole BF62 hit an 180 metre interval with continuous copper mineralization, the company said.
Average copper grade is 0.5% copper and 0.1 gram per tonne (g/t) gold with associated molybdenum mineralization up to 0.33%.
This includes 0.82% copper, 0.14 g/t gold and 0.04% molybdenum across 37 metres, as mineralization begins from surface and remains open at depth.
Kincora said core cutting and sampling is on-going with the hole continuing below 1,000 metres.
Meanwhile, partial assays have been returned for Tourmaline Hills, one of the licenses acquired from Forbes and Manhattan through an exchange of shares in April 2012.
Hole F61 intersected just one metre of 2.74 g/t gold between 39 to 40 metres and 5 metres averaging 2.65g/t gold between 60 to 65 metres. This includes 3.45 g/t to 4.70 g/t gold across three metres.