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Ivanhoe Mines Updates on Its Western Foreland Exploration Activities, Adjacent to the Kamoa-Kakula Copper Complex
Independent Mineral Resource estimate for Western Foreland's Makoko and Kiala high-grade copper d...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Updates on Its Western Foreland Exploration Activities, Adjacent to the Kamoa-Kakula Copper ComplexIndependent Mineral Resource estimate for Western Foreland's Makoko and Kiala high-grade copper discoveries targeted in mid-2023, to be followed by Preliminary Economic AssessmentWestern Foreland's 2023 exploration program budgeted at approximately US$19 million, including up to 70,000 metres of drillingIvanhoe to release 2022 fourth quarter and annual financial results on Monday, March 13Hollywood, Florida--(Newsfile Corp. - February 23, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete, announced today ahead of the 32nd BMO Global Metals & Mining Conference an update on exploration activities at the company's 90-100%-owned Western Foreland Exploration Project.Ivanhoe Mines' DRC exploration team is targeting high-grade Kamoa-Kakula-style copper mineralization across its 2,407-square-kilometre Western Foreland licence package, which lies adjacent to the 400-square-kilometre Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The Western Foreland licences cover the same geological setting as the neighbouring Kamoa-Kakula deposits. Initial exploration activities on Ivanhoe's Western Foreland licences began in July 2017. Given the frontier nature of the topography, activities started with the construction of critical infrastructure to provide access for exploration equipment. This included the construction of all-season access roads and bridges, as well as new camp facilities. To date, Ivanhoe has completed over 105 kilometres of new and refurbished, all-season access roads, including a 90-kilometre spine road running through the centre of the licences that provides access to all its licences in the southwest region of the Western Foreland.In parallel, Ivanhoe has undertaken airborne and ground-based geophysical surveys, targeted regional air core and diamond drilling, and revisited previously acquired geophysical and geochemical data sets. Ivanhoe's interpretative work to date has led to the definition of several promising exploration targets, including the discovery of the high-grade Makoko and Kiala copper discoveries.The initial discovery of Makoko in 2018, situated approximately 20 kilometres west of the Kakula deposit, proved Ivanho...