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Kincora Expansion Update: Newly Issued License and Drops Ground
Kincora Expansion Update: Newly Issued License and Drops Ground Canada NewsWire ...
About this update from Kincora Copper Limited
[{"type":"text","content":"\n\n\n\nKincora Expansion Update: Newly Issued License and Drops Ground\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, June 8, 2017\n\n\n\n\nMongolian Government issues the new Shavagtai exploration licence to Kincora\nShavagtai increases Kincora's footprint around one of the most important untested intrusive complex's in the world-class Southern Gobi copper belt\nShavagtai is adjacent to Kincora's Khuren Tsav licence, which hosts the Bayan Tal target, a large scale copper-gold mineralized system, with previously recorded Devonian age comparable to Oyu Tolgoi\nKincora has elected to relinquish licence areas which do not meet our rigorous exploration criteria, dropping 103 km2 of the Amtgain Toirom license\nKincora's dominant landholding in the region now totals 1437 km2, as exploration and expansion activities continue and activities of others increase in the belt\n\n\nVANCOUVER, June 8, 2017 /CNW/ - Kincora Copper Limited (the \"Company\", \"Kincora\") (TSXV:KCC) is pleased to announce the recent issuance by the Mineral Resources, Petroleum Authority of Mongolia (\"MRPAM\") of a new copper-gold exploration license adjoining one of our existing and large scale priority exploration licenses that hosts the Bayan Tal Igneous Complex (\"BTIC\"). \n\n\n \n \n\n \nLimited previous exploration at the Bayan Tal target on the Khuren Tsav license returned favourable copper-gold widths and grades on or near to the distal southern outcropping margin of an interpreted large-scale target at shallow to moderate cover with the first comparable Devonian age stratigraphy and conglomerate to Oyu Tolgoi (\"OT\"), since OT. Previous results include 18m @ 0.75% Cu Eq (trench) and 18m 0.66% Cu Eq in drill hole IBEX006.\n\nThe new Shavagtai license is the second Kincora has secured via the direct application system since the new ground in the eastern section of the country was opened up in the second half of 2015 following a 5-year moratorium for issuing new exploration licenses. Other larger-scale and longer-term explorers in...