Base Metals

Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that a new step-out hole – drilled 5.4 kilometres west of the present boundary of Kakula’s current Inferred Resources – intersected a relatively shallow, 16.3-metre zone of typical Kakula-style, chalcocite-rich copper mineralization similar to holes drilled in the centre of …

Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that a new step-out hole – drilled 5.4 kilometres west of the present boundary of Kakula’s current Inferred Resources – intersected a relatively shallow, 16.3-metre zone of typical Kakula-style, chalcocite-rich copper mineralization similar to holes drilled in the centre of the high-grade Kakula Deposit on the company’s Tier One Kamoa-Kakula Copper Project.
As quoted in the press release:

“In the mining exploration business, the very idea that a crew would drill a step-out hole almost four kilometres away from the last known mineralization is virtually unheard of,” Mr. Friedland said.
“Nonetheless, our geologists and independent advisors have become so confident in the proven consistency of Kakula’s chalcocite-rich mineralization that they expected we would find more thick, near-surface, Kakula-style mineralization in the vicinity of where it actually was discovered. The remarkable success with DD1124 is further validation of our team’s judgment and expertise.”

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