|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.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Feb. 25, 2017 05:00 AM EST Reads: 7,080
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
Feb. 25, 2017 05:00 AM EST Reads: 8,074
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Feb. 25, 2017 05:00 AM EST Reads: 4,997
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 25, 2017 04:15 AM EST Reads: 4,054
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Feb. 25, 2017 04:00 AM EST Reads: 11,795
910Telecom exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and exchanges.
Feb. 25, 2017 03:15 AM EST Reads: 1,793
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Feb. 25, 2017 03:00 AM EST Reads: 4,145
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 25, 2017 03:00 AM EST Reads: 2,108
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
Feb. 25, 2017 02:15 AM EST Reads: 5,389
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 25, 2017 02:00 AM EST Reads: 6,637
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, will highlight the current challenges of these transformative technologies and share strategies for preparing your organization for these changes. This “view from the top” will outline the latest trends and developm...
Feb. 25, 2017 02:00 AM EST Reads: 2,454
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Feb. 25, 2017 01:45 AM EST Reads: 4,567
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Feb. 25, 2017 01:45 AM EST Reads: 5,891
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
Feb. 25, 2017 01:30 AM EST Reads: 1,357
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
Feb. 25, 2017 01:00 AM EST Reads: 1,600