Kincora Announces Agreement For New Priority Drilling Porphyry Project

Company announcement

Kincora Announces Agreement For New Priority Drilling Porphyry Project

Option and earn-in agreement for the Badrakh project in the Southern Gobi, Mongolia Two drill holes proposed this field season testing the potential for a preserved porphyry underlying a supergene cap Badrakh is a former high priority reconnaissance exploration project of Ivanhoe Mines Mongolia Inc. LLC (“IMMI”) Mr. Munkhbat Ania, former Senior Vice President of IMMI and Oyu Tolgoi LLC, to remain an Advisor to the Badrakh project Agreement is consistent with existing project generation and exploration strategy supporting Kincora being the most active listed junior seeking to make the next major discovery in Mongolia Vancouver, BC — November 11th, 2019 Kincora Copper Ltd. (the “Company”, “Kincora”) (TSXV:KCC) is pleased have entered a agreement with Temuulen Orshih LLC (the “Vendor”), which owns 100% of the Badrakh copper-gold porphyry project (“Badrakh” or the “Project”). Field geological mapping, soil and rock chip sampling, ground magnetics and induced polarization (“IP”) has been undertaken, which underpinned a maiden shallow two hole drilling program this field season by the Vendor. This drilling intercepted a leached supergene cap hosted within an intrusion that displays phyllic and propylitic alteration, with chalcocite and chalcopyrite mineralisation. Subject to final due diligence and permitting, and post reinterpretation of previous exploration results, further mapping and geophysical interpretation, Kincora proposes to complete two deeper holes this field season that will for the first time test the potential for a preserved and large scale copper-gold porphyry system, as well as for a nearer surface supergene cap. Sam Spring, President and CEO, commented: “The agreement for Badrakh provides a path to control alongside a well credentialed vendor and partner, for a priority drill ready project underpinned by large scale porphyry targets which are favourably located to existing infrastructure and on the doorstep to China. Funds from Kincora’s project generation budget support drilling expected to shortly commence at Badrakh, following first phase activities concluding at our East Tsagaan Suvarga project. The agreement is inline with the Company’s project generation strategy, leveraging our strong technical teams experience, systematic exploration approach and being the foremost listed group pursuing further counter-cyclical expansion opportunities in Mongolia. An update for exploration activities at the Company’s existing Bronze Fox and East Tsagaan Suvarga projects is expected shortly.” Further highlighted details Epstein Research Senior Exploration Vice President interview with Peter Leaman: Click Here (23rd September, 2019) Updated Company Presentation: Click Here (23rd September, 2019) Updated Fact Sheet: Click Here (23rd September, 2019) Updated August 2019 “Introduction to Mongolia” presentation: Click Here        Upcoming events and marketing trips In November Kincora Copper will be marketing:        18 November in Hong Kong 19-21 November in London, including 121 Mining Investment: Click Here About Kincora Kincora is a junior resource company engaged in the acquisition, exploration and development of mineral properties, with a focus on copper-gold projects in Mongolia. For further information: www.kincoracopper.com.