Kincora Copper (TSXV:KCC) outlined its ongoing activities and exploration strategy for its Tier 1 Copper Porphyry Asset in Mongolia, the the Bayan Tal Igneous Complex. As quoted in the press release: The workshop identified priority targets and built out a pipeline of regional prospects focused on the following key attributes: 1.Scale: Kincora’s portfolio supports the … Continued
Kincora Copper (TSXV:KCC) outlined its ongoing activities and exploration strategy for its Tier 1 Copper Porphyry Asset in Mongolia, the the Bayan Tal Igneous Complex.
As quoted in the press release:
The workshop identified priority targets and built out a pipeline of regional prospects focused on the following key attributes:
1.Scale: Kincora’s portfolio supports the advancement of potential Oyu Tolgoi and Tsagaan Suvarga (Devonian) analogues, and/or traditional gold rich finger type porphyries. Exploration activities currently are focused on replicating systematic and proven techniques that have been successful at other similar profile targets, including the Tier 1 copper-gold discoveries that the Technical Team has prior experience with.
2.Shallow targets: The focus is targets on the margins of half grabens and/or uplifted fault blocks where outcrop or subcrop provides a geological window to support integration of geophysical datasets to de-risk exploration.
3.Multi-target, multi-stage pipeline with exploration ongoing:
Priority #1 target: Confirmed Devonian (“Oyu Tolgoi style”) stratigraphy at the Bayan Tal Igneous Complex (“BTIC”), including 18m @ 0.66% CuEq down hole on the margin of the interpreted system. This is one of the most significant untested Complexes in the Southern Mongolian belt with multiple drill ready targets supporting a candidate for a new Tier 1 porphyry discovery.
Priority #2 target: “Brownfield” exploration along strike to the Tsagaan Suvarga (“TS style”) open pit development project within the TS Massif porphyry system. Field work is refining near surface drill targets.
Pipeline: Extensive ground magnetics, detailed mapping, regional and local geochemistry, petrography, whole rock geochemistry with fertility analysis, and age dating are ongoing to advance a portfolio of high quality, ranked exploration targets across the district level portfolio developing additional drill targets and areas for systematic exploration in spring and summer of 2017.
Sam Spring, President & CEO, commented: “Location, team and targets are the key ingredients for a successful exploration play. Since closing the IBEX transaction we have started outlining key positive developments on these fronts that differentiate and positions Kincora well moving forward, with systematic exploration advancing our targets up the value curve.
We are excited by the targets identified at Bayan Tal, which is an extensively mineralized system, with distal copper-gold porphyry returned along its southern margin. Recent activities have confirmed similar Devonian stratigraphy to Oyu Tolgoi, the first target since with such attributes that we are aware of. Advancements in geology and geophysics support multiple drill ready targets at Bayan Tal, which is one of the best candidates for a new Tier 1 porphyry discovery in the Southern Gobi.
Considerable exploration efforts have been ongoing since the IBEX deal was first announced and conclusion of multiple ongoing activities are expected to support a unique pipeline of other targets across the dominant landholding between and on strike from the two mines in the belt. We look forward to providing these results, outlining refined drill targets and areas for systematic exploration for the 2017 field season”.