Canadian Mining Journal

News

COPPER: Ivanhoe says new discovery at Kakula could be significant



DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines of Vancouver says its new discovery at Kakula could prove to be Africa’s most significant copper discovery. The find was made at the Kamoa copper project 25 km west of Kolwezi.

.  Massive chalcocite mineralization at a depth of 619 metres in hole DD1041.

.
Massive chalcocite mineralization at a depth of 619 metres in hole DD1041.

The company has received assays from eight holes of the current Kakula drill program that indicate a massive, flat lying, shallow, chalcocite-rich core more than 3.0 km long and open at both ends.

Highlights of the latest drill results include (all true widths):

  • DD1005 intersected 7.36 metres of 8.11% Cu at a 2.5% cut-off, 10.13 metres of 6.52% Cu at a 2% cut-off and 20.71 metres of 3.85% Cu at a 1% cut-off.
  • DD1011 intersected 6.78 metres of 7.52% Cu at a 2.5% cut-off, 11.01 metres of 5.47% at a 2% Cu cut-off and 15.20 metres of 4.40% Cu at a 1% cut-off.
  • DD1012 intersected 7.63 metres of 7.90% Cu at a 2.5% cut-off, 13.76 metres of 5.36% Cu at a 2% cut-off and 25.17 metres of 3.59% Cu at a 1% cut-off.
  • DD1017 intersected 10.31 metres of 6.92% Cu at a 2.5% cut-off, 10.31 metres of 6.92% Cu at a 2% cut-off and 12.35 metres of 6.04% Cu at a 1% cut-off.

The Kamoa project became a joint venture between Ivanhoe Mines and Zijin Mining in December 2015. Please see www.IvanhoeMines.com.