Recent results from two independent consultants have been particularly encouraging, it told investors.
Work has confirmed possible porphyry mineralisation at numerous prospects, which share the same “arc” as Rio Tinto”s huge Oyu Tolgoi project mine 140km away along strike and a similar footprint to other large-scale deposits.
“In the last quarter, Kincora completed one of the most active copper exploration programmes in Mongolia during 2013, on one of the most advanced and prospective projects with the benefit of having one of the youngest exploration licences,” the company said.
“The recently completed field season activities have helped technically advance the Bronze Fox project, highlighting that most large scale IP targets remain untested, but importantly the 2013 programme has assisted to “explain” previous results and lead to a reinterpretation of some target zones and existing geological and geophysical information.
A number of analogies between the current stage of exploration and results at Bronze Fox and Oyu Tolgoi in 2000/01 pre the “discovery hole” have emerged.
Source: Proactive Investors USA & Canada
