Ivanhoe Mines Ahead of Schedule at Kakula Copper Project

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The company said that its crews were well ahead of schedule for February, and 1.7km ahead of schedule overall.

Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) has reported that underground development at the Kakula copper mine continues to advance ahead of schedule and that more than eight kilometres of underground development now is completed, which is 1.7 kilometres ahead of plan.

According to the company, in February the mining team is on pace to set a new monthly development record of 1,310 metres of advancement ─ 380 metres ahead of plan for the month.

As quoted in the press release:

The underground development work at Kakula is being performed by mining crews operating large-capacity, semi-autonomous mining equipment, such as jumbo drilling rigs and 50-tonne trucks.

Mine access drives 1 and 2 − interconnected, parallel tunnels being developed from Kakula’s main northern declines that will provide access to Kakula’s high-grade ore zones − continue to make excellent progress. The two south perimeter drives – being developed from Kakula southern decline – also are progressing ahead of schedule and have each been advanced more than 250 metres from the bottom of the decline.

Click here to read the full Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) press release.

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