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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa-Kakula | |
|---|---|---|
| Deposit: | Kamoa North | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 5/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2019: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kamoa North deposit at the Kamoa-Kakula project. Drilling results incl. 29.42m @ 10.28% Cu from 190.0m. KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yufen | |
| 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 the strike length of the shallow, thick, massive copper sulphide mineralization at Kamoa North that was discovered earlier this year in drill hole DD1450 on the KamoaKakula mining licence in the Democratic Republic of Congo (DRC) − 13.05% copper over 22.3 metres (true thickness), at a 2% copper cut-off grade − has been significantly extended by assays received from ongoing drilling. Recent drilling has confirmed that the discovery zone of bonanza-grade copper mineralization at Kamoa North ─ the Kamoa North Bonanza Zone ─ is continuous over a strike length of at least 350 metres and a width of up to 60 metres. The mineralized zone has a drilled thickness of between six and 30 metres, and is approximately 170 to 220 metres below surface, with grades ranging as high as 18.48% copper over 13.6 metres, at both a 2% and a 3% cut-off grade. 2 The Kamoa North Bonanza Zone represents a new style of copper mineralization at Kamoa-Kakula, where massive to semi-massive chalcopyrite, bornite and chalcocite have locally replaced pyrite in the Kamoa Pyritic Siltstone (KPS) – a pyritic siltstone that lies immediately above the basal diamictite unit that typically hosts the copper mineralization at Kamoa-Kakula. Assay results for 10 new holes have been received from the Kamoa North drilling (see Table 1 on page 15 for a complete list of assays). | |
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