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Kincora Copper Limited (TSXV:KCC) announced highlights from 2012 operational and fiscal results.
Kincora Copper Limited (TSXV:KCC) announced highlights from 2012 operational and fiscal results.
As quoted in the press release:
Highlights for the year ended December 31st, 2012 and subsequent developments through March 31st, 2013 include: Large-scale exploration targets advanced: Over 15000 metres of drilling during 2012 confirmed and significantly progressed a number of copper porphyry targets at the West Kasulu prospect (in Bronze Fox) for both bulk lower grade and deeper higher-grade copper mineralisation. Scout drilling activities coupled with IP analysis supports a mesothermal predominately gold target to the approximately 4-5 km south, south-east of the West Kasulu copper porphyry target and establishment of an epithermal predominately gold target at the Tourmaline Hill prospect/neighbouring license.
Kincora’s President and CEO, John Rickus, said:
The year 2012 was dominated by global economic contractions with the junior resource industry impacted particularly hard. Despite significant progress delivering on our stated exploration, development and acquisition strategy a series of adverse external and Mongolia specific uncertainties over this period, and emerging into 2013, have adversely affected our share price performance in particular and as well as that of most Mongolian asset classes which are trading at or near 52 week lows (or significantly longer). As such we have taken measures to strengthen the Company, align our strategy with current market conditions and I thank our shareholders for their ongoing support.
To view the whole press release, click here.
