Kincora Copper announced on June 26th 2019 that its multiple rig drilling program for up to 18,000 metres has commenced on its 100% owned Bronze Fox copper-gold porphyry project in the Southern Gobi, Mongolia. It will be the largest drilling for discovery program this field season in Mongolia.
NR Private Market, the mining industry’s online investment and communications platform was pleased to have had the opportunity for its investor members to contribute to Kincora’s recent oversubscribed capital raise of $6.25 million. This will support maiden target testing, drilling for discovery program ramp up and an acceleration of their project generation expansion strategy.
Sam Spring, President and CEO, said, “The recently closed oversubscribed equity raising supports up to 18,000 metres of drilling, ongoing project generation activities and a pipeline of news flow over the next 12 months. This confirms Kincora as the most active foreign listed junior seeking to make the next Tier 1 discovery in Mongolia”