KINCORA COPPER IDENTIFIES NEW TARGETS AT BRONZE FOX

Ulaanbaatar /MONTSAME/ Mongolia-based copper explorer Kincora 2014 field work has identified a number of new targets at its Bronze Fox prospect but nothing economic as yet, it said on Thursday. Sam Spring, Kincora’s chief executive, added:“As with previous field seasons, this year’s activities returned extensive copper at various targets without yet defining mineralization that could be considered economic. “One of the last holes of the year returned favourable gold mineralization in a new zone at Sophie North. “A number of targets remain open and prospective for both copper and gold throughout the Bronze Fox license with further systematic surface exploration expected in 2015, a plan for which has been defined and supported by existing cash reserves, and drilling. "Spring added that the company will not explore any further on the Golden Grouse gold licences until the dispute with the Mongolian government over tenure is resolved, reports the Proactive Investors. "Kincora Copper Limited is a mining exploration and development company focused on copper/gold mineralization projects in Mongolia. Its key asset is the Bronze Fox copper/gold deposit located in South East Mongolia and within the world-class Oyu Tolgoi copper belt. Bronze Fox was explored by numerous expeditions in the past, several high anomaly areas have been identified with the potential for further development."