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Project: | Kamoa-Kakula | |
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Deposit: | Kamoa North | |
Location: | Democratic Republic Of Congo | |
Commodities: | Copper | |
Date: | 11/14/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 14-11-2018: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kamoa North deposit at the Kamoa-Kakula project. Drilling results incl. 18.26m @ 5.73% Cu. KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yufeng “Miles” S | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: Stephen Torr (Internal) | |
ABSTRACT: | KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yufeng “Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), announced today that exploration drilling at the Kamoa North prospect area, on the 397-square-kilometre Kamoa-Kakula mining licence, approximately 25 kilometres west of the mining centre of Kolwezi in the Democratic Republic of Congo (DRC), has successfully delineated two new, continuous corridors of shallow copper mineralization containing zones of thick, high-grade copper. The newly delineated copper corridors occur on the western flank of the un-mineralized Kamoa Dome at Kamoa North. The most significant corridor trends north and south for more than nine kilometres before swinging to the northwest and is projected to continue onto the adjacent Western Foreland exploration licences that are 100%-owned by Ivanhoe Mines. The second corridor trends west-southwest, away from the Kamoa Dome and toward the West Scarp Fault, over a distance of three to four kilometres. “Our latest exploration success, at Kamoa North, provides additional options for mine planning and sequencing at Kamoa-Kakula,” said Mr. Friedland. “The unparalleled strength and continuity of the high-grade mineralized trends on the Kamoa-Kakula Project also bode well for the potential for further success right next door, on Ivanhoe’s 700-square-kilometre Western Foreland exploration licences, north and west of Kamoa-Kakula.” The tier-one Kamoa-Kakula Project is a joint venture between Ivanhoe Mines, Zijin Mining and the DRC government. An independent Mineral Resource estimate published last February established Kamoa-Kakula as the world’s fourth-largest copper discovery. Kamoa-Kakula’s copper grades are the highest, by a wide margin, of the world’s top 10 copper deposits (see Figure 9, page 14). | |
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