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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 8/25/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-8-2016: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kakula deposit at the Kamoa project. JV - drilling results incl. 18.71m @ 6.49% Cu from 330.67m (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 another twelve 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. “The consistent frequency of thick intersections of exceptionally-high-grade copper mineralization from both infill and step-out drill holes enhances our absolute confidence that Kakula is a game-changing discovery for the Kamoa Project,” Mr. Friedland said. “While some of the recent drill intercepts are up to 20 metres thick at a 1% cut-off grade, if we focus only on the best intercepts of six metres – which is considered to be an optimal initial mining width for a flat-lying, stratabound deposit like Kakula – six of the eight holes drilled within Kakula’s high-grade core returned grades of between 6% and 11% copper.” The Kakula Discovery remains open along a northwesterly-southeasterly strike, while highgrade copper mineralization has been outlined along a corridor that now is more than three kilometres in length. The high-grade copper zone is less than 300 metres below surface in the northwest section, and gently dips to a depth of approximately 525 metres in the southeast (see cross-sections in figures 9 and 10). | |
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