The review of the West Kasulu prospect at its flagship Bronze Fox asset supported an exploration target of 416mln to 428mln tonnes, grading 0.26% to 0.30% copper for up to 2,437mln pounds of copper and 0.84mln ounces of gold.
Those numbers rank the prospect as one of the largest potential in-situ copper-gold systems in Mongolia and with only modest drilling, Kincora noted.
The potential quantity and grade ranges are conceptual in nature and based on nearest neighbour and ordinary krige estimates, it added.
There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource, Kincora cautioned.
"Last year's activities were on budget, safely and successfully executed. Multiple targets were advanced, providing much improved knowledge for follow-up activities in 2018 that will be initially focused at refining proposed drilling at East TS and Bronze Box,” said Peter Leaman, the senior vice-president of exploration at Kincora.
“The scale of the exploration target announced for Bronze Fox helps illustrate the under-explored nature of the belt and the recent workshops have refined next stage activities to systematically advance our pipeline of targets,” he added.
Sam Spring, the president and chief executive officer of Kincora, said Kincora has begun the first modern exploration across a district scale pipeline in this world-class copper-gold belt.
“Recommencing field programmes next month benefits from funding already in place, executing on our multiple–phase drilling and exploration programme, with results this year expected to significantly benefit from last years activities," he said.