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Ivanhoe Mines Commences Giant Copper Exploration Program in Zambia
Zambian government grants 7,757 km 2 in new exploration licences in North-Western Province, ...
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[{"type":"text","content":"Ivanhoe Mines Commences Giant Copper Exploration Program in ZambiaZambian government grants 7,757 km2 in new exploration licences in North-Western Province, targeting extension of the Central African CopperbeltMassive licence package over three times larger in area than Ivanhoe's Western Forelands Exploration Project Zambian Geological Survey has completed high-resolution regional airborne geophysics survey over Ivanhoe's licence area, expediting exploration effortsLusaka, Zambia--(Newsfile Corp. - April 2, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete are pleased to announce that the company has been granted by the Government of the Republic of Zambia a vast, 7,757-square-kilometre package of new exploration licences in the highly-prospective North-Western Province of Zambia. Ivanhoe's thesis behind the strategically selected licence package is to explore for an extension of the Central African Copperbelt.As announced on September 10, 2024, a memorandum of understanding (MOU) was signed between Ivanhoe Mines and the Republic of Zambia's Ministry of Mines and Minerals Development (Ministry of Mines). Since then, the Ministry of Mines has assisted Ivanhoe's geological team in identifying the prospective licence package and provided access to existing geological data. The shared geological data also includes results from the country-wide airborne geophysical survey currently underway. The new licence package, as shown in Figure 1, is strategically located between Ivanhoe's Western Forelands Exploration Project (230 km to the northeast) and the company's Angolan exploration licence package (130 km southwest). The Zambia licences cover an area over three times larger than the Western Forelands Exploration Project.Ivanhoe's geological team will commence exploration activities for new copper mineralization associated with Basement Domes, Katangan-age sediment-hosted copper systems, and iron-oxide-copper-gold (IOCG) systems. The western edge of the Central African Copperbelt in the Democratic Republic of the Congo (DRC) hosts the Western Foreland Shelf, where the Kamoa-Kakula Copper Complex and the Mineral Resources of Makoko and Kiala in the Western Forelands are located. Ivanhoe's geological team believes that the Western Foreland Shelf fac...