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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 8/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-8-2016: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa project. JV - drilling results incl. 25.17m @ 3.59% Cu from 321.00m (1% Cu cut-off). KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland | |
| Resources: | (Resource): 752Mt @ 2.67% Cu (Ind.) and 185Mt @ 2.08% Cu (Inf.) at Kamoa | |
| CP/QP: | [Overall Report]: Stephen Torr (Internal) | |
| ABSTRACT: | KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, today announced assay results from an additional eight holes of the ongoing 2016 drilling campaign at the Kakula Discovery on the company’s Tier One Kamoa Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). “Earlier discoveries already have established Kamoa as the world’s largest, undeveloped, highgrade copper discovery,” said Mr. Friedland. “Now, our latest drilling results indicate that Kakula, in the southern portion of the Kamoa Project, could prove to be Africa’s most significant copper discovery.” The Kamoa Project became a joint venture between Ivanhoe Mines and Zijin Mining in December 2015. “In 2003, Ivanhoe’s geologists started our initial exploration program at Kamoa, which at the time was nothing more than an unknown grass-roots prospect generated by our geological team and covered with a thin layer of Kalahari sand, sitting in a previously unrecognized district within the Central African Copperbelt,” said Mr. Friedland. “We made our initial significant discovery at Kamoa in 2008. The quest, which by 2013 showed that Kamoa is the world’s largest, undeveloped, high-grade copper discovery, took more than 12 years of dogged exploration, dedicated geological and geotechnical expertise and a total investment of several hundred million dollars.” | |
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