Kincora advances district scale porphyry exploration with drilling at the Ulgii Khud massif, Southern Mongolia
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Kincora advances district scale porphyry
exploration with drilling at the Ulgii Khud
massif, Southern Mongolia
• Maiden drilling program commenced on the western margins of the Ulgii Khud massif
for up to 2000 metres
• In the Southern Gobi, Paleozoic volcanic and intrusive rocks that could host porphyry
Cu-(Au-Mo) deposits outcrop as massifs, surrounded by Mesozoic sedimentary basins
• The Ulgii Khud massif is located between the two defined Late Devonian and economic
porphyry deposits: Oyu Tolgoi and Tsagaan Suvarga
• Historic Ivanhoe samples on limited areas of outcrop of the Ulgii Khud massif support
a potentially concealed copper-gold mineralized system
Vancouver, BC— October 24th, 2017
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce drilling is
underway at its wholly owned Argalant, Central West Ulgii Khud and prospects located on the
margins of the Ulgii Khud massif in the Southern Gobi, Mongolia.
Four holes by percussion drilling with diamond tails (total up to 2000 metres) are planned to
test targets generated from basement analysis and interpretation of last years ground magnetic
survey. The first phase program will see two holes completed at the Argalant prospect, before
drilling the Central West Khiid Ulgii and West Khiid Ulgii prospects. The drilling program will
test magnetic low zones along interpreted north-south structures, targeting intrusions or
alteration to support porphyry targets within favourable arc transverse settings.
Historic Ivanhoe samples on limited areas of outcrop for the Ulgii Khud massif support it being
a potential copper-gold mineralized system and to the best of Kincora’s knowledge no drilling
has taken place into the intrusion or its margins under cover.
Sam Spring, President & CEO, commented: “The Ulgii Khud massif is along the north-east arc
parallel Oyu Tolgoi-Tsagaan Suvarga Devonian belt. Porphyries in more mature and well
understood copper belts are known to occur in favorable structural settings and do not occur
in isolation. The two currently economic deposits in the Southern Gobi copper belt are
interpreted to be controlled by arc transverse structures within Late Devonian age intrusions.
This maiden drilling program is testing four potentially favorable arc transverse structures at
moderate depths on the margin of the Ulgii Khud massif and is expected to provide important
geological understanding to this very large, but previously undrilled intrusive complex where
limited previous surface exploration supports a potential copper-gold system under cover.
This drilling program continues the implementation only in the last quarter of the first modern
systematic Tier 1 copper porphyry drill testing and district scale reconnaissance exploration
program in the highly mineralized but vastly under explored Southern Gobi Devonian belt.
Following the recently two tranche private placements Kincora will complete approximately
20,000 metres of drilling over a 9-12 month period.”
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Figure 1: Location of drilling on the margin of the Ulgii Khud massif at the Argalant,
Central West Ulgii Khud and West Ulgii Khud prospects
Figure 2: Targets on the margin of the Ulgii Khud massif (inserts over ground magnetics),
which is the fourth currently known large interpreted intrusion in the arc parallel Oyu
Tolgoi-Tsagaan Suvarga Devonian belt
An ENE fault bounds the SE side of the massif (volcanic-intrusive inlier), at which the historic Ulgii Khiid monastery
is located, at least 10km from the margin of any of Kincora’s licenses
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Figure 3: Location and summary of Kincora’s current exploration activities
About Kincora
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral
properties, with a focus on Tier 1 copper-gold projects in Mongolia. For further information:
www.kincoracopper.com.
For further information, please contact:
Sam Spring, President and Chief Executive Officer
[email protected] or +61431 329 345
Qualified Person
The scientific and technical information in this news release was prepared in accordance with the
standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101
– Standards of Disclosure for Mineral Projects (“NI 43-101”) and was reviewed, verified and compiled by
Kincora’s geological staff under the supervision of Peter Leaman, Senior Vice-President of Exploration of
Kincora Copper, who is the Qualified Person for the purpose of NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.