Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF), and Lars-Eric Johansson, Chief Executive Officer, announced today that the company has completed an independently verified, updated Mineral Resource estimate for the extremely-high-grade Kakula Discovery on the tier one Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). The Kamoa-Kakula Project is a joint venture between Ivanhoe Mines, Zijin Mining and the government of the Democratic Republic of Congo.
As quoted in the press release:
“With 12 rigs currently drilling at Kakula and Kakula West and another two rigs about to begin testing important new targets on the licence area, Kakula is an international story of discovery that has earned the mining world’s attention,” said Mr. Friedland.
“To keep the mine-planning process driving forward, we need to provide the mining engineers with updated resource numbers for the expanded-case preliminary economic assessment due to be issued in the third quarter.”