Canadian Mining Journal

News

Kakula hit drives up shares of Ivanhoe Mines



A new step-out hole has doubled the strike length of the copper-rich mineralized system at the Kakula deposit in the Democratic Republic of the Congo, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF)  says, and the company is mobilizing up to five drill rigs to fast track exploration at what it is calling its ‘Kakula West’ discovery.

Ivanhoe says hole DD1124 has extended the length of the Kakula mineralized trend to 10.1 km, about twice the length of the 5.5 km strike length the company reported at the end of January, and the deposit remains open for expansion.

The unassayed hole (assays should be out in about two weeks) was drilled 5.4 km west of the present boundary of Kakula’s current inferred resource, and 4.1 km west of the last drill hole with returned assays — DD1093. That hole, whose assays were announced on Jan. 23, intersected 11.10 metres (true width) of 5.82% copper at a 3.0% copper cut-off, beginning at a down-hole depth of 993 metres.

DD1124 penetrated the zone significantly closer to surface. It intersected a relatively shallow, 16.3 metre zone of typical Kakula style, chalcocite-rich copper mineralization, beginning at a down-hole depth of 422.2 metres (410 metres below surface), and similar to holes drilled in the centre of the Kakula deposit, Ivanhoe says.

Continue reading at The Northern Miner.