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Kincora advances Red Well prospect, adjacent to Rio Tinto drilling
Kincora advances Red Well prospect, adjacent to Rio Tinto drilling Canada NewsWire...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n\n\n\nKincora advances Red Well prospect, adjacent to Rio Tinto drilling\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 17, 2017\n\n\n\n\nGround magnetic and gravity surveys commenced at Red Well license \nLicense adjacent to target drilled this field season by Rio Tinto \nReported copper anomalies on the margin of the Red Well license with a historic Induced Polarization target within central outcrop zone and confirmed fertile geochemical signature \nRecent private placement with the European Bank for Reconstruction and Development strengthens balance sheet to accelerate ongoing exploration activities\n\n\n\nVANCOUVER, Oct. 17, 2017 /CNW/ - Kincora Copper Ltd. (the \"Company\", \"Kincora\") (TSXV:KCC) is pleased to announced that  ground magnetic and gravity surveys have commenced at the wholly owned Red Well license. The Red Well license is located approximately 40km north of the Oyu Tolgoi concentrate plant and immediately to the north of Rio Tinto drilling activities on a Turquoise Hill Resources license (XV- 19315), the latter being the first regional drilling by any major group since 2012.\n\nLimited previous exploration across the immediate Red Well region has identified outcropping volcanic rocks with localized malachite staining. The volcanics continue into both the eastern and western sections of the license. At the eastern margin of the license a historic rock chip sample returned 2% copper, 0.25g/t gold, 1.5g/t silver, 0.25% arsenic and zinc, 0.08% lead, 0.002% molybdenum and bismuth, with further copper and other anomalies identified to the immediate west. Historic airborne magnetic data suggests that the cover sequence to the north of the outcrop in the central third of the license is shallow, with a historic regional Induced Polarization (\"IP\") target across the central portion of the license.\n\nSam Spring, President & CEO, commented: \"The immediate and general regional setting of Red Well is considered to be highly prospective. Capital constrained field activities since se...