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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