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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa-Kakula | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 4/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa-Kakula project. JV - drilling results incl. 16.3m @ 4.14% Cu from 422.20m (2.0% Cu cut-off) . Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executiv | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Torr (Internal) | |
| ABSTRACT: | Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that assays received for Kakula West discovery hole DD1124 have verified a high-grade interval of 5.83% copper over 8.86 metres at a 2.5% cut-off, including a 6.17-metre interval of 6.84% copper. The assay results confirm that Kakula West is another high-grade copper discovery on the company’s Tier One Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC). The results further reinforce the exceptional continuity of high-grade copper mineralization at Kakula along the strike of the well-mineralized trend. DD1124 was drilled 3.8 kilometres west of the current limit of resource delineation drilling on the central section of Kakula. Mr. Friedland and Mr. Johansson also announced today that two new step-out holes at Kakula West – DD1138 and DD1144, drilled 400 and 800 metres respectively west of hole DD1124 and along the strike of the mineralized trend – also have intersected relatively shallow, Kakula-style, chalcocite-rich copper mineralization. Holes DD1138 and DD1144 have further extended the overall length of the known copperrich mineralized system at Kakula by another 800 metres, to a total of approximately 11 kilometres. The mineralization encountered in DD1138 and DD1144 is similar to the mineralization intersected in earlier drilling into the high-grade core of the Kakula Discovery, which is approximately 10 kilometres to the east. “We’re thrilled with initial drilling results at Kakula West,” said Mr. Friedland. | |
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