Kincora drilling underway at brownfield open pit target
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Kincora drilling underway at brownfield
open pit target
• Phase 1 drilling has started at the East Tsagaan Suvarga (“East TS”) target for
approximately 2,870 metres and 12 holes;
• East TS is a ‘brownfield’ open pit target, 13km from the existing Serven Sukhait open
pit at the privately owned Tsagaan Suvarga project;
• Drilling will test a confirmed Devonian intrusive system for porphyry mineralization
comparable to the development projects in the belt, Tsagaan Suvarga (“TS”) and Oyu
Tolgoi (“OT”).
Vancouver, BC— August 31st, 2017
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce drilling is
underway at its wholly owned East TS copper porphyry target in the Southern Gobi, Mongolia.
The maiden reverse circulation and diamond drill program at the East TS target is comprised of
approximately 2,870 metres to less than 265 metres depth for approximately 12 holes. It is
proposed that during a second phase Kincora will undertake infill geophysics and a follow on
5000 metre drill program.
Sam Spring, President & CEO, commented: “It is pleasing to be drilling at the East TS target
within a week of final approvals for our $4.52 million equity offering. Kincora has commenced
the first Tier 1 drilling program in recent years and the first modern district scale
reconnaissance exploration program in what is a world-class but underexplored porphyry
belt.
In the upcoming months we will undertake drilling at two targets, initially at East TS, and
then Bayan Tal. These first phase programs will provide improved geological knowledge, with
funds in place for follow up geophysics and second phase drilling for a total of approximately
16,000 metres.
Our exploration programs will utilise number of advancements in global exploration
techniques since the last the last wave of exploration in this belt by the likes of Ivanhoe, the
BHP JV and IBEX, and will test our conceptual models of the first new Devonian porphyry
systems in the Southern Gobi belt since Oyu Tolgoi, the latter being the largest expansion
project globally in the industry”.
East Tsagaan Suvarga target
East TS sits within the interpreted eastern margin in the Tsagaan Suvarga Intrusive Complex
(“TSIC”) which hosts the Severn Sukhait open pit, various oxide resources and exploration
targets on northern structural corridor within western margin of the intrusive at the privately
owned Tsagaan Suvarga project. The Seven Sukhait sulphide open pit has a 307Mt @ 0.54% Cu
resource and is a billion dollar plus development project with the orebody pre-stripped and
existing associated regional infrastructure, including grid power and neighbouring saline water
aquifers.
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Surface geology at East TS provides an analogue to the Serven Sukhait open pit alteration and
associated higher-grade copper mineralization. Analysis of age dating, whole rock geochemistry
and magma fertility highlights a common suite between quartz monzodiorite within the Serven
Sukhait open pit, the high-grade underground deposits at OT and East TS. Interpreted
geophysics supports a potential similar northern structural corridor on the eastern margin
under shallow younger cover to that outcropping on the western margin. Field season activities
in 2016 and earlier in 2017 have included ground magnetics, detailed mapping, petrography,
whole rock geochemistry with fertility analysis, and age dating to complement historic Induced
Polarization (“IP”) geophysics and soil geochemistry. The objective of ongoing field activities at
East TS is to confirm the open pit and exploration analogue to Tsagaan Suvarga.
The TSIC is situated within the second large-scale and Devonian age porphyry system in the
Southern Gobi belt to date with an economic discovery. The East TS target is situated within
13km of the Severn Sukhait open pit and until last years’ exploration efforts had previously
unidentified outcrop, providing an excellent example of the highly mineralized but vastly
underexplored potential of the Southern Gobi Devonian copper belt for further Tier 1 porphyry
discoveries. Kincora holds the dominant land position in the region with a portfolio across
1437km2.
Updated Corporate Presentation
An updated presentation with further details on the East TS and Bayan Tal targets, including
drill program objectives, is available on our website:
http://kincoracopper.com/investors/corporate-presentation
Figure 1: Reverse Circulation rig operational at East TS within 400m of Devonian age and
fertile outcrop
800–1199 West Hastings Street, Vancouver, BC V6E 3T5 Phone +1 604 283 1722 Fax +1 888 241 5996
Figure 2: Diamond rig drilling the interpreted eastern margin of the mapped Tsagaan
Suvarga Intrusive Complex, adjacent to co-incident IBEX Zeus Induced Polarization (“IP”)
NE chargeability and NNW resistivity anomalies (defined 2011/12), and inferred northern
structural corridor (based on 2016 ground magnetics)
Figure 3: Outcropping Devonian age and fertile quartz monazite and monzodiorite
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 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.