Kincora Copper exploration update as fieldwork resumes
800–1199 West Hastings Street, Vancouver, BC V6E 3T5
Phone +1 604 283 1722 Fax +1 888 241 5996
Kincora Copper exploration
update as fieldwork resumes
• Preparing to drill two targets with geological models analogous to nearby large scale
copper mines, Oyu Tolgoi and Tsagaan Suvarga
• Field activities resumed focused on expanding the near surface target area at East
Tsagaan Suvarga and advancing our further expansion strategy
Vancouver, BC— February 15th, 2017
Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) is pleased to provide details
on its exploration strategy following further analysis of two priority drill targets and earlier stage
district scale pipeline. The drill targets are Devonian age and analogous to the two development
projects in the belt. Bayan Tal being an “Oyu Tolgoi” (“OT”) style target and East Tsagaan
Suvarga is a ‘brownfield’ “Tsagaan Suvarga” (“TS”) style target. Kincora holds the dominant
portfolio in the emerging gold rich world-class porphyry copper belt.
Previously unidentified outcrop was mapped in our area of interest at the East Tsagaan Suvarga
(“East TS”) target, with fertility analysis, age dating and ground magnetics supporting our
geological model of an open pit target being within, or on the eastern margin of the TS Intrusive
Complex, 13km away from the existing Serven Sukhait open pit development project. Following
a review of copper soil anomalies, 2016 ground magnetics and satellite images, Kincora has
commenced field activities looking to expand the near surface target area at East TS.
Bayan Tal is a large scale target with confirmed Oyu Tolgoi style stratigraphy, the first target in
the belt since OT with such attributes, and known mineralization on the margin of the
interpreted system, including 18 metres @ 0.66% CuEq (hole 6) and 0.75% CuEq (trench).
A better understanding of surface geology at East TS and further modelling of ground magnetics
at Bayan Tal is expected to refine a drilling programs under shallow and shallow to moderate
cover at the respective projects.
Sam Spring, President and CEO commented, “Kincora’s exploration strategy is to advance the
portfolio along the development curve. In the next 6 months this is expected to include drilling
two targets that provide analogies to the existing two large-scale copper mines in belt with
encouragement of our geological models likely being a major value add milestone.
The team is continuously looking to improve the quality of our landholding through the
addition of new strategically important licenses and ground that does not fit our target
exploration profile will be relinquished. We are in the favorable position of currently exploring
to confirm additional scale potential at our East TS target, after which we will provide further
details on our plans for the 2017 field season.”
Illustrations of the geological models for the Bayan Tal Igneous Complex (“OT Devonian style
target”) and ‘Brownfield’ East Tsagaan Suvarga Massif (“TS style target”), and pipeline
activities for the district scale license portfolio, are provided in the updated presentation
available at Kincora’s website: http://kincoracopper.com/investors/corporate-presentation
800–1199 West Hastings Street, Vancouver, BC V6E 3T5
Phone +1 604 283 1722 Fax +1 888 241 5996
About Kincora
Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral
properties, with a focus on potential Tier 1 copper-gold projects in Mongolia.
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.