Kincora Copper starts drilling at Bayan Tal
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 (email@example.com).
Duchintav Khojgor, Luke Leslie, Jonathan Spring, Eric Zurrin
(KCC) Shares: 64,445,068