Kincora Copper (CVE:KCC) disclosed partial assay results from the West Kasulu zone at Bronze Fox as well as Tourmaline Hills in southwest Mongolia.
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%.
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.
Vancouver-based development-stage resource company said results confirm
potential for a deep high grade porphyry copper deposit.
drilling will test the extent of the mineralization and will track the
halo east and west which runs for two kilometres, it added.
exciting results confirm that higher grade zones exist within this
exceptionally large system,” chief executive John Rickus said in a
“For the remainder of the year our team will continue
to explore a number of high priority targets to establish the extent of
the copper and gold mineralisation on the Bronze Fox properties.”
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.