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Laatste update:
29-01-2010

Kincora announces first phase results from District Scale Exploration Program

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14/02/2018 14:04
• 2017 activities successfully advanced district scale pipeline of targets
o Large-scale exploration target announced for West Kasulu prospect, Bronze Fox
o East Tsagaan Suvarga drilling confirms brownfield Devonian porphyry target
• Second phase programs scheduled to commence from next month and funded from
existing multiple–phase drilling and exploration budget, including:
o Refining high grade infill/extension drill targets, and potential resource
definition activities, oxide studies and mining license conversion at Bronze Fox
o Induced Polarization survey refining drill targets at East Tsagaan Suvarga
• Discussions continue for both project generative targets and with industry groups
Vancouver, BC— February 14th, 2018
Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce results
from activities undertaken in 2017 across the wholly owned 1437km2 exploration license portfolio
in the Southern Gobi, Mongolia. A total of 22 holes for 6,878 metres were drilled at three targets
(East Tsagaan Suvarga, Bayan Tal and Argalant) with various associated assay results, age dating,
green rock, petrographic, lithochemical and geochronological analysis. At two targets, 155km2 of
ground magnetics and 171km2 gravity were completed (East Tsagaan Suvarga and Red Well).
The review of the West Kasulu prospect at Bronze Fox by Mining Associates supported an
exploration target of 416 Mt to 428 Mt grading 0.26% to 0.30% copper for up to 2,437Mlb of
copper and 0.84Moz gold, ranking as one of the largest potential in-situ copper-gold systems in
Mongolia and with only modest drilling. The potential quantity and grade ranges are conceptual
in nature and based on nearest neighbour and ordinary krige estimates. There has been
insufficient exploration to define a mineral resource and it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
On the 2017 field season activities and the recent Technical Workshops, Peter Leaman, Senior
Vice-President of Exploration, commented: “Last years’ activities were on budget, safely and
successfully executed. Multiple targets were advanced, providing much improved knowledge
for follow-up activities in 2018 that will be initially focused at refining proposed drilling at East
TS and Bronze Box. The scale of the exploration target announced for Bronze Fox helps
illustrate the under explored nature of the belt and the recent Workshops have refined next
stage activities to systematically advance our pipeline of targets.
Further corporate and expansion activities continue to be pursued at a time of increasing
interest towards new copper opportunities and Mongolia by industry groups”.
Sam Spring, President & CEO, noted: “Since the IBEX transaction, the new technical teams’
appointment and securing funding in the third quarter last year, Kincora has begun the first
modern exploration across a district scale pipeline in this world-class copper-gold belt.
Recommencing field programs next month benefits from funding already in place, executing on
our multiple–phase drilling and exploration program, with results this year expected to
significantly benefit from last years activities.”

2017 field season review Workshop
Activities in 2017 were on budget, safely and successfully executed, systematically advancing the
wholly owned 1437km2 district scale portfolio. The upcoming field season program is scheduled
to commence next month, funded from the multiple–phase drilling and exploration budget
secured in 3Q’17. Activities will focus on refining targets for expected drilling and next steps at
both the East TS and Bronze Fox projects in 2018.
Scheduled programs will also look to advance ongoing project generative targets and the earlier
stage pipeline of existing prospects. Discussions with industry groups continue regarding the
existing project pipeline as interest towards new copper projects and Mongolia increases.

Figure 1: The dominant portfolio in a highly mineralized but vastly underexplored belt

see and read more on
http://www.kincoracopper.com/sites/default/files/20180214%20Kincora%20announces%20first%20phase%20results%20from%20district%20scale%20exploration%20program.pdf

Exploration Targets:
1 Mining Associates Jan’18 report and block model supports a total exploration target of:
• 416 Mt to 428 Mt grading 0.26% to 0.30% copper for up to 2,437Mlb of copper and 0.84Moz gold (0.2% Cu cut off), ranking
as one of the largest potential in-situ copper-gold systems in Mongolia and with only modest drilling.
• The potential quantity and grade ranges are conceptual in nature and based on nearest neighbour and ordinary krige
estimates. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
2 Micromine Consulting Services Oct’12 report and block model supports near surface exploration target of:
• 0.4 Mt to 23.8 Mt grading 0.27% to 0.40% copper (0.2% Cu cut off and 1% top cut).
• The potential quantity and grade ranges are conceptual in nature. There has been insufficient exploration to define a
mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.



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