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Ivanhoe Extends Strike Length Of Giant DRC Copper Project

Kitco News

Ivanhoe Mining's DRC project, the Kamoa-Kakula, has been extended by at least another 200 metres along strike to 550 metres, with a width of up to 60 metres across strike, the company reported today.

The company said new assays return copper grades up to 13.80% over 15.50 metres in the central discovery area.

Co-chairman of Ivanhoe Mines, Robert Friedland, touted the results.

"Drilling in the core of the Kamoa North Bonanza Zone continues to return extremely high-grade copper assays over very thick intersections of up to 30 metres, or 100 feet," said Friedland. "Given the shallow depth of the Kamoa North mineralization and the remarkable copper grades and thicknesses encountered to date, Kamoa-Kakula’s engineering team already is working on conceptual development plans to access the ultra-high-grade mineralization."

China-based CITIC Metal Co. has invested $1 billion to date in advancing Kamoa-Kakula. Copper concentrate production is estimated to begin by the third quarter of 2021.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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