Metals & Mining

  • CompanyKincora
  • Key MarketsMongolia
  • Industry SectorMetal & mining
  • SegmentGold / Copper
  • Time of InvestmentSeptember, 2010
  • Website

Kincora

Kincora Ltd (“Kinkora”) owns 100% of the “Bronze Fox” copper prospect, located on the western part of Dornogovi, 140km northeast of the Oyu Tolgoi copper deposit on the same copper belt.

Bronze Fox contains a number of exploration prospects within a license covering 22,323 hectares in the Buyant area of Mandakh Soum of Dornogobi Aimag, situated in the south of Mongolia.  Within the Bronze Fox license area, drilling results have provided evidence of continuous copper mineralization at the surface of a 1 kilometer long, 600 meter wide monzonite intrusion, continuing to a depth of at least 400 meters.  Gold mineralization associated with copper is evident in a 12 meter wide band, suggesting the possibility of selectively mining a gold-rich zone. The project is close to existing rail, water and power and is expected to be within 20km of the proposed Tavan Tolgoi rail to Sainshand.

Between 1975 and 1979 Soviet exploration teams trenched and drilled 23 diamond holes totaling 3,453 meters within the license area.  In 2005, Ivanhoe Mines also took rock chip samples, trenched, measured induced polarization by gradient array and drilled twenty-four shallow diamond holes totaling 6,769 meters.  This combined exploration work has identified the carapace of a large copper-gold mineralized system and revealed high potential for additional prospective intrusion-related gold and molybdenum targets. The results from previous Ivanhoe drilling work included 70m of 0.60% CuEq including 32 meters of 0.81% CuEq.

Kincora’s ongoing exploration program is managed by Origo geologists with key results to be announced in due course.