New Drilling Extends Strike Length at Ivanhoe’s Kakula Copper Discovery

New Drilling Extends Strike Length at Ivanhoe’s Kakula Copper Discovery

The latest drill results from Ivanhoe Mines’ Kakula copper discovery in the Democratic Republic of Congo (DRC) confirm the exceptional continuity of the deposit’s high-grade copper mineralization and its relatively flat-lying geometry. Highlights include a step-out hole drilled 1.6 kilometers (km) northwest of the current boundary of Kakula’s inferred resources that intersected 11.10 meters (m) true width of 5.82% copper at a 3% copper cut-off, beginning at a downhole depth of 993 m. The mineralization is similar to the mineralization found at the established center of the deposit.

High-grade copper mineralization at Kakula has now been outlined along a corridor about 1 km wide and at least 5.5 km long. The discovery remains open along a northwesternly to southeasterly strike.

Ivanhoe is mobilizing additional contract drill rigs to the Kakula discovery, and as of late January had nine rigs drilling on the site. Ongoing work includes infilling a 2.6-km2 area immediately northwest of the current inferred resource boundary; infill drilling of inferred resources in the central section of the deposit; and step-out drilling to the southeast to explore for additional extensions of the Kakula high-grade zone along the trend.

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Newcrest Enters Into Exploration Agreements With Randgold, Antam

Newcrest Mining has entered into separate exploration agreements with Randgold Resources and Antam. Newcrest is a gold producing company headquartered in Sydney, Australia. Randgold is a gold producing company headquartered in London, England. Antam produces a range of natural resources, including gold and silver, and is headquartered in Jakarta, Indonesia.Under the Randgold/Newcrest agreement, the companies will establish a joint venture for the exploration, development and mining of mineral resources in an area of interest in the southeast of Côte d’Ivoire. The area covers the extension of some of the more prolific Ghanaian gold belts and associated structures.

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2016 Field Work at IKE Sets Table for New British Columbia Mining Camp

Amarc Resources reported that 2016 field work at its IKE porphyry copper-molybdenum-silver discovery and nearby prospects in British Columbia’s Coast Range continue to support the potential for development of an important new mining camp. All 21 holes drilled at IKE during the past three years have intersected long intervals of chalcopyrite and molybdenite mineralization over an increasingly broad area measuring 1,200 meters (m) east-west by 1,000 m north-south and extending to depths of more than 500 m. The discovery remains open to expansion in all lateral directions and to depth.

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