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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa-Kakula | |
|---|---|---|
| Deposit: | Kamoa North | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 7/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2019: Ivanhoe Mines Ltd. announces an Exploration/Drilling Update report for its Kamoa North deposit at the Kamoa-Kakula project. Drilling results incl. 26.00m @ 9.46% TCu from 205.00m. KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland and Yuf | |
| 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 the Kamoa North Bonanza Zone that was discovered earlier this year in drill hole DD1450 (13.05% copper over 22.3 metres (true thickness), at a 2% copper cut-off grade) on the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC) has been extended by at least another 200 metres along strike to 550 metres, with a width of up to 60 metres across strike (see Figure 2). Five rigs are extending and infilling the central and eastern portions of the implied 2.7- kilometre Kamoa North Bonanza mineralized corridor, and a sixth rig is drilling highgrade mineralization around holes DD0015 and DD1200 located to the west of the major north-south trending West Scarp Fault, which down drops the high-grade discovery zone by approximately 250 metres. The central and eastern portions of the Kamoa North Bonanza Zone have drilled thicknesses of between six and 36 metres, and are 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. 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. | |
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