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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 6/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-6-2016: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa project. Drilling results incl. 33.70m @ 2.49% Cu from 307.50m (1% Cu cut-off). KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland, Exe | |
| 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 the first six holes of the 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. Kamoa is a joint venture between Ivanhoe Mines and Zijin Mining. The primary objective of the current drilling program is to confirm and expand a thick, flat-lying, bottom-loaded zone of very high-grade copper mineralization at the southern part of the Kakula Discovery area (see Figure 1) that has the potential to have a significant, positive impact on the Kamoa Project’s future development plans. “These initial results are consistent with our earlier drill intercepts in this remarkable discovery made by the Ivanhoe Mines geological team and confirm the consistent, high-grade nature of the Kakula copper mineralization,” said Mr. Friedland. “The bottom-loaded nature of the nearly flat-lying, stratabound chalcocite and bornite mineralization at Kakula offers the potential for selective, mechanized underground mining at significantly higher copper grades than other large-scale mining projects.” | |
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