Kin­cora Cop­per starts drilling at Bayan Tal

Stockwatch Daily - - MINES & METALS - Mr. Sam Spring re­ports

KIN­CORA COP­PER Ltd.’s first phase drilling of por­phyry cop­per tar­gets has re­cently been com­pleted at the East TS tar­get and has now com­menced at the Bayan Tal tar­get in the South­ern Gobi, Mon­go­lia.

The maiden drill pro­gram at the East TS tar­get com­prised 3,145 me­tres for 13 holes, with six holes in­ter­sect­ing the in­ter­preted Devo­nian quartz mon­zo­di­or­ite of the TSIC. Vis­ual in­ter­pre­ta­tion has

deemed the drilling pro­gram at East TS a tech­ni­cal suc­cess hav­ing in­ter­sected a fel­sic in­tru­sive at or around tar­get depth and pro­vid­ing ge­o­log­i­cal in­for­ma­tion to de­sign the next stage geo­phys­i­cal pro­grams and in­ter­pre­ta­tion.

Hav­ing been at site over­see­ing ac­tiv­i­ties at the East Tsagaan Su­varga tar­get, Peter Lea­man, se­nior vice-pres­i­dent of ex­plo­ration, com­mented:

“The first phase drilling pro­gram con­sist­ing of re­verse cir­cu­la­tion and per­cus­sion pre­c­ol­lars with di­a­mond tails to­talling 3,145 me­tres has been com­pleted at the East TS tar­get and been suc­cess­ful, in line with our ex­pec­ta­tions for the pro­gram.

“Phase one was de­signed to pri­mar­ily test var­i­ous ground mag­netic tar­gets and pro­vide an im­proved ge­o­log­i­cal knowl­edge of our in­ter­pre­ta­tions of the re­gion. The pro­gram suc­cess­fully in­ter­sected in­ter­preted Devo­nian age mon­zo­di­or­ite in six drill holes with fur­ther un­der­stand­ing of the out­crop in the gen­eral tar­get zone re­fined. A broad area of mon­zo­di­or­ite and var­i­ous struc­tural cor­ri­dors has been out­lined over which ground in­fill mag­netic and grav­ity sur­veys have com­menced in or­der to re­fine zones for more de­tailed in­duced po­lar­iza­tion sur­veys and spe­cific tar­get test­ing of min­er­al­iza­tion in a fully funded sec­ond phase drilling pro­gram.

“The mon­zo­di­or­ite is the dom­i­nant in­tru­sive rock type host­ing Tsagaan Su­varga por­phyry cop­per min­er­al­iza­tion, and po­ten­tial is also emerg­ing to host to a large ton­nage and higher-grade Hugo Dum­mett or Heruga equiv­a­lent sys­tem within the TSIC which may have been pre­served with ma­te­ri­ally bet­ter grades than the Ser­ven Sukhait open pit on the western mar­gin of the com­plex. We are look­ing to ad­vance this lat­ter new con­cept as well as the po­ten­tial for the orig­i­nal ana­logue for an­other Ser­ven Sukhait open-pit de­posit on the east­ern mar­gin of the TSIC.

“The suc­cess­ful ex­plo­ration ef­forts at East TS pro­vide a tem­plate for which we are look­ing to sys­tem­at­i­cally repli­cate across the rest of our com­mand­ing port­fo­lio in the world-class Oyu Tol­goi-Tsagaan Su­varga Devo­nian cop­per belt.”

A 100 by 100 m soil sam­pling across select ar­eas has been com­pleted with in­fill map­ping of out­crop. In­fill ground mag­netic and maiden grav­ity sur­veys are near­ing com­ple­tion and will as­sist in re­fin­ing the com­pany’s in­ter­pre­ta­tions. The re­cently com­menced geo­phys­i­cal pro­grams and more de­tailed in­duced po­lar­iza­tion sur­veys lay­ered with the first phase drilling re­sults are ex­pected to pro­vide vec­tors to sup­port test­ing mul­ti­ple spe­cific tar­gets in the fully fi­nanced 5,000 m sec­ond phase drill pro­gram.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Duch­in­tav Kho­j­gor, Luke Les­lie, Jonathan Spring, Eric Zur­rin

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