The company disclosed intersecting significant amounts of copper and gold mineralization at the Bronze Fox project is located 140km from the Oyu Tolgoi deposit which is a copper-gold belt.
Kincora president and CEO John Rickus said the exciting results confirm that higher grade zones exist within this exceptionally large system.
"For the remainder of the year our team will continue to explore a number of high priority targets to establish the extent of the copper and gold mineralisation on the Bronze Fox properties," Rickus added.
Partial drill core intersected a 180m interval with continuous copper mineralization from the hole BF62. The average copper grade is 0.5% and 0.1 gram per ton (g/t) gold with associated molybdenum mineralization up to 0.33%.
The 37m mineralization also includes 0.82% copper, 0.14 g/t gold and 0.04% molybdenum, as it begins from surface and remains open at depth. The cutting and sampling is on-going with the hole continuing below 1,000m.
Kincora is planning to drill the hole further to test the extent of the mineralisation and will track the halo east and west which runs for two kilometers.
The partial assays for Tourmaline Hills, one of the licenses acquired from Forbes and Manhattan through an exchange of shares in
April 2012, indicated Hole F61 intersected one meter of 2.74 g/t gold between 39 to 40 metres and 5 metres averaging 2.65g/t gold between 60 to 65 metres.
It includes 3.45 g/t to 4.70 g/t gold across three metres.
Canada based Kincora Copper is a mining exploration and development company.
