In January,
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) reported a 22-metre intercept of 13.05% copper at a 2% cut-off in a shallow, flat-lying discovery sitting within 190 metres of surface at Kamoa North, an exploration area on the company’s Kamoa-Kakula mining licence in the Democratic Republic of the Congo (DRC).
The drill hole – 1450 – is 18 km north of the Kamoa-Kakula project’s planned initial mine at the Kakula deposit, and 8 km north of Kamoa’s Kansoko mine development.
Ivanhoe founder and executive co-chairman Robert Friedland said at the time that 1450 “exceeds anything encountered in all of our years of delineating resources on the project,” and noted that the flat-lying, 10% copper intersection is “almost 30 metres, or 100 feet thick – essentially equivalent to a 10-storey building – and the high grade copper is less than 200 metres below surface.”
If a 5% copper cut-off were applied to the intercept, he continued, the grade would increase to 16% copper, and it would be 17 metres thick.
Continue reading at The Northern Miner.
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