|By Marketwired .||
|May 27, 2014 06:30 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/27/14 -- Kincora Copper Limited (the "Company", "Kincora") (TSX VENTURE:KCC) is pleased to announce drilling activities have commenced at high priority copper porphyry targets, following initial exploration activities having already resumed at Bronze Fox.
The 2014 field season programme has been designed, and is funded, to primarily advance and test a number of large scale copper porphyry targets focused at the West Kasulu, Sophie North and Leca Pass prospects situated around the Bronze Fox Intrusive Complex ("BFIC"). The BFIC is located on our wholly owned 15000X exploration license and does not cross into any neighboring licenses. A detailed exploration review, including initial designed drill holes, has taken place by senior executive management during recent weeks in Ulaanbaatar following various ground truthing site visits and integration of known geology and geophysics.
Drilling activities will focus on areas of known mineralization that remain largely untested with subsequent Induced Polarization ("IP"), alternation and/or fertility analysis assisting vector to areas of potential high grade mineralization. Such targets include the last hole drilled in December 2012, F72, which returned localized copper of +4% on the periphery of a then untested IP chargeability high and in the western region, approximately 1km along strike, of previous drilling at the West Kasulu prospect.
Kincora is pleased to also announce the appointment of Henry Tebar as Principal Geologist as well as the addition of a number of high quality local geologists to our existing team. Henry has extensive copper and base metals exploration experience in various emerging and frontier countries, with proven porphyry orebody discovery experience. Henry is familiar with Bronze Fox via his previous role as President and Chief Geologist of the Trafigura Origo Joint Venture in Mongolia, has extensive knowledge of various regional opportunities and has an existing working relationship with Kincora's Director of Exploration, Yawen Cao.
Following a detailed tendering process, Kincora has signed Major Drilling LLC as its drilling contractor. Major Drilling is widely regarded as the leading drilling contractor in Mongolia in terms of experience, team and safety with current excess capacity in-country. Two UDR1500 Multi-Purpose and one 685 Schramm Reverse Circulation (RC) rigs have been mobilized with the team from Oyu Tolgoi, to Bronze Fox, with RC pre-collars planned before diamond drilling at most copper porphyry targets.
Trenching activities have also commenced at the Happy Geo prospect following promising recent surface sample results and corresponding integrated geophysical analysis. Further details on the Happy Geo prospect are provided on the following page.
Commenting on today's announcement, Sam Spring, President and CEO of Kincora, said:
"The last quarter has been a busy period for the Company setting the foundation for an exciting stage with exploration and drilling activities recently commencing. Kincora has a unique mix of experienced geologists, drillers, senior management and is exploring one of the most advanced and prospective copper projects in Mongolia, as we look to replicated a similar programme to that successfully executed in 2001 by the then Ivanhoe Mines (now Turquoise Hill Resources) which led to the "discovery hole" at Oyu Tolgoi.
The primary focus remains large-scale copper porphyry targets that have been actively advanced in the last 18 months since we last drilled at Bronze Fox, where we previously returned very promising results. Furthermore, the gold potential across the project is being pursued, noting that approximately a third of all holes previously drilled at Bronze Fox have returned intervals of at least 1g/t gold, with activities focused on the Happy Geo prospect where no previous drilling has taken place, consistent high grade surfaces have been returned with favourable corresponding geophysics. Other corporate initiatives to add shareholder value are being advanced following the private placement."
The Company will continue to inform the market of its exploration progress.
The Happy Geo prospect is a 2x7 km structurally controlled east-west corridor in the southern half of Bronze Fox. Previous exploration work has identified outcropping gold veins (from rock chip grab and soil grid sampling), cutting a folded and faulted Upper Carboniferous clastic sequence and this region is to the south of a large fault which separates the more advanced copper porphyry targets to the north. Two zones of sub-outcrop, both with at least a 1-1.5km strike, have been identified at Happy Geo with favorable rock chip samples. The prospect registers both high chargeability and low resistivity signatures at relatively shallow depths. In particular, the area (1km2) to the northeast corner of Happy Geo called Altan Undes (or Golden Root) has consistently returned highly anomalous gold values (from 0.3 up to 91.6g/t Au, averaging 8.6-20.2g/t Au) from grab samples, including coincident Au and As soil anomalies.
Following the very high and large chargeability anomalies identified by the Search 3D IP survey in 2013 and 2D IP undertaken in 2012, a further 68 rock samples were collected from various alteration zones focused around the Happy Geo prospect earlier in the year. Plus Minerals' short wave infra-red (SWIR) spectrometer analysis of the 68 recent samples confirmed zones of argillic, sericitic and silicification alteration with pyrite coincident with the IP chargeability anomalies. The SWIR analysis indicates alteration maybe related to an underlying porphyry system but further analysis is ongoing to confirm this and explore its potential for a near surface shear-gold orebody(s).
Kincora geologists recently also concluded a further orientation survey at Happy Geo, which confirmed the reported high gold tenor here (from 0.01 up to 20.2g/t Au, averaging 5.1-10.1 g/t Au). Follow-up detailed mapping and trenching is ongoing, initially focusing on a 550 m strip of the exposed shear zone at Altan Undes with a focus on at or near surface gold potential.
The scientific and technical information in this news release was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and compiled by Kincora's geological staff under the supervision of John Rickus, Chairman and Director of Kincora Copper, who is the Qualified Person for the purpose of NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To read about Kincora Copper Limited, please visit the following link: http://media3.marketwire.com/docs/948270_ABOUT.pdf.
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
Mar. 30, 2015 02:45 AM EDT Reads: 1,447
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabili...
Mar. 30, 2015 01:00 AM EDT Reads: 1,475
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...
Mar. 30, 2015 12:00 AM EDT Reads: 1,150
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Mar. 29, 2015 10:30 PM EDT Reads: 1,146
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Mar. 29, 2015 10:00 PM EDT Reads: 1,815
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
Mar. 29, 2015 07:00 PM EDT Reads: 5,237
WSM International is launching a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. This is the first independent services company to create a dedicated practice to help organizations looking to transition to the DevOps model. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of ...
Mar. 29, 2015 07:00 PM EDT Reads: 1,541
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Mar. 29, 2015 06:00 PM EDT Reads: 1,486
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 29, 2015 06:00 PM EDT Reads: 1,606
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things...
Mar. 29, 2015 06:00 PM EDT Reads: 1,856
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 29, 2015 05:45 PM EDT Reads: 1,267
DevOps tasked with driving success in the cloud need a solution to efficiently leverage multiple clouds while avoiding cloud lock-in. Flexiant today announces the commercial availability of Flexiant Concerto. With Flexiant Concerto, DevOps have cloud freedom to automate the build, deployment and operations of applications consistently across multiple clouds. Concerto is available through four disruptive pricing models aimed to deliver multi-cloud at a price point everyone can afford.
Mar. 29, 2015 05:00 PM EDT Reads: 966
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Mar. 29, 2015 05:00 PM EDT Reads: 3,179
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed...
Mar. 29, 2015 04:15 PM EDT Reads: 2,438
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
Mar. 29, 2015 04:15 PM EDT Reads: 1,427