26 Sep Ivanhoe Mines announce improved drilling results at DRC joint venture
Ivanhoe Mines (TSX:IVN) and Zijin Mining announced improved results at their joint venture Kamoa Copper Project in the Democratic Republic of Congo.
The Canadian miner announced results from 16 holes of the ongoing 2016 drilling campaign at the Kakula Discovery, on the tier one Kamoa project.
According to an Ivanhoe company statement, the latest results reinforce the exceptional grades and shallow, flat-lying geometry of the Kakula mineralised zone.
“The consistent, bottom-loaded nature of Kakula mineralisation supports the creation of selective mineralised zones at cut-offs between 1% and 3% coppoer, and potentially higher,” the statement read.
Ivanhoe CEO Robert Friedland said: “”Kakula is continuing to demonstrate that it is substantially richer, thicker and more consistent than other mineralisation that we have found elsewhere on the Kamoa Project.”
He added that given the latest results, Kakula is ‘quickly becoming a key focus in our planning for the development of the Kamoa Project’.