Kincora Copper Limited (TSXV:KCC) announced updated exploration results, and provided a corporate update.
As quoted in the press release:
The results of the 2012 exploration programme continue to demonstrate that the Bronze Fox project hosts a large area of lower grade copper and gold mineralisation, open at depth and in every direction with high-grade intersections and new targets continuing to be generated. Following further zones of broad mineralisation being encountered and drilling at one of the aforementioned geophysics targets extending the West Kasulu prospect’s potential strike significantly, the Company is investigating the potential use of follow up geophysics and deeper IP analysis at its advanced exploration target zones to assist in identifying additional targets.
Kincora’s President and CEO, John Rickus, said:
All core work programmes were completed including: step out drilling around Hole F62 at West Kasulu; advancing key infill drilling and initial metallurgical analysis for a potential oxide development project, also intersecting further shallow porphyry mineralisation (eg 8 metres at almost 1% CuEq); and, drilling a number of untested anomaly targets.