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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-9-2016: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa project. JV - drilling results incl. 21.55m @ 4.47% Cu from 346.00m (1% cut-off). KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland, E | |
| 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 another sixteen 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). The Kamoa Project is a joint venture between Ivanhoe Mines and Zijin Mining. “Kakula is continuing to demonstrate that it is substantially richer, thicker and more consistent than other mineralization that we have found elsewhere on the Kamoa Project,” said Mr. Friedland. “Given the consistent and thick intercepts at shallow depths of very-high-grade copper mineralization, Kakula is quickly becoming a key focus in our planning for the development of the Kamoa Project.” Highlights of the latest drill results, which further reinforce the exceptional grades and shallow, flat-lying geometry of the Kakula mineralized zone. The consistent, bottom-loaded nature of Kakula mineralization supports the creation of selective mineralized zones at cut-offs of between 1.0% and 3.0% copper, and potentially higher. The recent assay results are shown at various cut-offs in Table 1, while the accumulation of copper and thickness of mineralized intercepts at 1.0%, 2.5% and 3.0% cut-offs are shown in figures 5 through 8. The Kakula copper mineralization displays vertical mineral zonation from chalcopyrite (approximately 35% copper) to bornite (approximately 63% copper) to chalcocite (approximately 80% copper), with the highest copper grades associated with the siltstone unit consistently characterized by chalcocite-dominant mineralization (see Figure 4 for strip-logs showing typical Kakula-style mineralization in holes DD1047 and DD1039). | |
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