Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) today announced its financial results for the third quarter ended September 30, 2017. All figures are in U.S. dollars unless otherwise stated.
As quoted in the press release:
The comprehensive drilling program at the Kamoa-Kakula copper project continued during the third quarter. Ten rigs are focused on expanding and upgrading copper resources at the Kakula Discovery; four rigs are testing other targets on the 400-square-kilometre Kamoa-Kakula mining licence.
A new mineral resource estimate for the entire Kakula Discovery based on the current, delineated strike extent of least 12 kilometres is expected around the end of this year. The new evaluation will expand the May 2017 estimate and include an initial resource estimate for the Kakula West Discovery and the saddle area between the existing Kakula Mineral Resource area and the Kakula West Discovery.