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Ivanhoe Mines Announces the KITOKO Sedimentary Copper Discovery in Western Foreland, Democratic Republic of Congo
Kitoko discovery includes drill hole DD008 intersecting 5.19 metres true width, grading 11.64% co...
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[{"type":"text","content":"Ivanhoe Mines Announces the KITOKO Sedimentary Copper Discovery in Western Foreland, Democratic Republic of CongoKitoko discovery includes drill hole DD008 intersecting 5.19 metres true width, grading 11.64% copper, at a 1% copper cut-off■Kitoko is Ivanhoe's fifth high-grade sedimentary copper discovery in the DRC■Mineralogical characteristics of Kitoko are most similar to those of the tier-one Kakula copper orebody■Discovery zone traced over a 1.9-kilometre strike and open in all directions■Expanded drilling program continues around Kitoko and other Western Foreland targetsKolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 28, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chair Robert Friedland and President Marna Cloete are excited to announce today that the company has made a significant high-grade copper discovery on recently acquired joint venture licences in the Western Foreland, west of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). Ivanhoe Mines' geological team have aptly named the discovery KITOKO, which means \"beautiful\" or \"gift\" in several local languages in the DRC. The Kitoko discovery confirms the presence of a significant high-grade copper mineralizing system between 1,000 meters and 1,140 metres below the surface. Kitoko fine-grained copper mineralization is hosted in near flat-lying siltstone of the lower Grand Conglomerate, like that observed at the tier-one Kamoa, Kakula, Makoko and Kiala deposits. Also, like these deposits, the Kitoko mineralization is bottom-loaded with the highest copper grades occurring at the base of the mineralized zone. As mineralization occurs at the Kakula orebody, the lower section of the mineralized zone features occurrences of high-grade chalcocite and bornite copper sulphide minerals, with chalcopyrite copper sulphide mineralization more prevalent towards the top (see Figure 3). The currently defined mineralized zone is trending southwest over 1.9 kilometres of strike, with a dip extent of between 600 meters and mineralization remains open in all directions (See Figure 4). The Kitoko discovery is approximately 25 kilometres west of the ultra-high-grade Kakula Mine, and five kilometres south and southeast of the Makoko deposit and is located inside a package of newly acquired joi...