Ivanhoe Mines Resumes Site Work at Platreef Project in South Africa

Ivanhoe Mines Ltd. (TSX:IVN) announced that preparations have begun for a resumption of site work at its planned underground mine at the company’s Platreef project in Limpopo, South Africa. Drilling for metallurgical testing samples seeking to identify platinum-group metals is planned for 2017 after work on the shaft and related mining-plant components is completed.

As quoted in the release:

Ivanhoe Mines Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson confirmed today that preparations have begun for a resumption of site work for the construction of the initial production shaft as part of the first phase of development of the planned underground mine at the company’s Platreef Project on the Bushveld’s Northern Limb, in Limpopo province.

Executive Chairman Robert Friedland stated:

For a long time now, the development of our Platreef Project has been a destiny waiting to be fulfilled. It is said that great mines are ‘made’, as much as they are ‘found’.

Our Platreef story began more than 20 years ago when Bill Hayden, the Australia-based international geologist who founded Platreef Resources in 1988, approached Ivanhoe Capital to discuss potential exploration financing…

Mr. Hayden’s pitch coincided with preparations by one of Ivanhoe Capital’s affiliated companies, African Minerals Corp., to organize its own reach for opportunities in southern Africa’s mineral fields. We discovered we shared a keen interest in finding a door to South Africa’s platinum club on the Bushveld.

Click here to see the full new release.