Kincora consolidates the Mongolian Southern Gobi copper-gold belt

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[{"type":"text","content":"\n\n\n\nKincora consolidates the Mongolian Southern Gobi copper-gold belt\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\n\n\n\n\n\nKincora consolidates the Mongolian Southern Gobi copper-gold belt\nCanada NewsWire\nVANCOUVER, May 25, 2016\n\n\n\nVANCOUVER, May 25, 2016 /CNW/ - Kincora Copper Limited (the \"Company\", \"Kincora\") (TSXV:KCC) is pleased to announce it has reached agreement providing for the merger of two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC (\"Ibex\"), entities indirectly controlled by High Power Exploration Inc (\"HPX\").\n\nThe transaction will result in a consolidated landholding of over 1,500km2, the majority of the prospective exploration licenses which dominate a key geological trend between and along strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines, supporting an industry leading proposition of copper/gold and gold targets. HPX's proprietary Typhoon technology, instrumental in the discovery and delineation of high-grade orebodies at Oyu Tolgoi, will be available to support Kincora with its exploration efforts. Cameron McRae, former President and CEO of Oyu Tolgoi is assisting Kincora in a managerial role to oversee the transition.\n\nHighlights\n\n\nOne of the largest known regional geophysical and surface geochemical datasets globally supporting various style targets: i. \"Mega\" (Oyu Tolgoi type) porphyry discoveries; ii. \"Traditional\" gold rich copper porphyries; and, iii. epithermal and Carlin-style gold deposits. \nConsolidates a regional portfolio in a world-class gold rich copper province analogous to exploring the majority of the Northern Chile copper belt from the 1970s. \nAt least 6 porphyry and one epithermal gold advanced targets, including the most significant untested complex in the belt. \nHPX will become a shareholder of Kincora and provide support via provision of its Typhoon geophysical technology and other proprietary technical services. \nStrengthened team with discovery experience and complementary skill sets for exploration through to project development international and in Mongolia. ...

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