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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa-Kakula | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 9/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2017: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa-Kakula project. Drilling results incl. 30.60m @ 4.20% Cu from 467.4m (2.0% cut-off). KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (T | |
| Resources: | (Resource): 1Bt @ 3.02% Cu (Ind.) and 191Mt @ 2.37% Cu (Inf.) at project | |
| CP/QP: | [Overall Report]: Stephen Torr (Internal) | |
| ABSTRACT: | KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson today announced assay results from another 43 holes as part of the ongoing 2017 drilling campaign at the company’s Tier One Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). Exploration drilling at Kakula West, located on the western end of the currently defined high-grade, essentially flat-lying Kakula mineralized trend that now extends at least 12 kilometres (Figure 1), has confirmed a significant area of mineralization with characteristics and grades similar to the high-grade Kakula Mineral Resource area located to the east. An area of two kilometres by one kilometre already has been drilled off at Kakula West on an approximate 300-metre grid pattern, while the drilling in the “saddle” area between Kakula West and Kakula is rapidly being in-filled in preparation for an updated resource estimate for the Kakula Discovery expected by the end of this year. The Kakula Discovery continues to remain open along a westerly-southeasterly strike. Based on recent drilling results at Kakula, and given the impressive continuity of the high-grade mineralization seen to date, Ivanhoe’s geologists expect that by this October drilling will have expanded the delineated strike extent of the area encompassing Indicated and Inferred Mineral Resources by approximately 60%, and that the Kakula and Kakula West deposits will form a continuous mineral resource area. “We’re looking forward to providing our shareholders and all Kamoa-Kakula stakeholders with another substantial resource expansion for the coming holiday season,” said Mr. Friedland. | |
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