Ivanhoe Extends Strike Length Of Giant DRC Copper Project
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.