Ivanhoe Mines Reports Additional High-Grade Zinc, Copper, Silver and Germanium Drill Results From Ongoing Exploration Program at the Kipushi Mine in the Democratic Republic of Congo
- Assay results confirm high-grade zinc discovery at depth south of the Big Zinc zone
- Drilling also confirms copper and zinc mineralization below Gecamines historical inferred resources, now shown to extend to 1,825 metres below surface
- Final assays received from initial exploration phase now will allow for a current resource estimate under NI 43-101 for the Big Zinc zone
LUBUMBASHI, DEMOCRATIC REPUBLIC OF CONGO--(Marketwired - April 13, 2015) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that additional, exceptionally high-grade zinc, copper and silver drill intercepts have been reported in the fifth batch of assay results from the company's underground diamond-drilling program at the historic, high-grade Kipushi copper-zinc-germanium-lead and precious-metals mine.
Assay results received for drill hole KPU072 have confirmed a high-grade zone of zinc mineralization exists at depth to the south of the historically defined Big Zinc zone. Follow-up drilling by Ivanhoe confirms the initial massive sphalerite discovery and suggests a geometry and orientation similar to the Big Zinc zone.
New drilling also establishes the presence of copper and zinc sulphide zones at depth significantly below the level of the historical holes drilled by state-owned mining company Gécamines, confirming that the Kipushi mineralizing system remains open at depth.
"Our underground drilling program at Kipushi is continuing to deliver exceptionally high-grade intercepts in several target areas, while leading to an improved understanding of geology and structural controls on the mineralization," said Mr. Friedland.
"While the world's biggest zinc mine in Australia is winding down operations due to depletion of its ore, the timing to look at bringing Kipushi back into production couldn't be better. Kipushi hosts the richest zinc-copper deposit in the world, with many drill intercepts in the Big Zinc zone recording grades between 40% and 60% zinc."
The Kipushi Mine is on the Central African Copperbelt in southern Katanga province, approximately 30 kilometres southwest of Lubumbashi.
Highlights of the new assay results on the Big Zinc results include:
- KPU067 drilled on section line 3: 18.9 metres, drilled length, grading 38.5% zinc, 0.2% copper, 7 grams per tonne (g/t) silver and 44 g/t germanium, plus a second intercept of 39.7 metres grading 23.0% zinc, 0.2% copper, 4 g/t silver and 34 g/t germanium.
- KPU068 drilled on section line 15: 79.8 metres, drilled length, grading 28.3% zinc, 0.3% copper, 31 g/t silver and 31 g/t germanium, including an intercept of 23.8 metres grading 41.8% zinc, 0.1% copper, 28 g/t silver and 40 g/t germanium.
- KPU069 drilled on section line 17: 40.2 metres, drilled length, grading 37.5% zinc, 0.1% copper, 57 g/t silver and 45 g/t germanium.
- KPU070 drilled on section line 17: 6.7 metres true thickness grading 7.9% copper, 0.2% zinc, 55 g/t silver and 0.52% cobalt.
- KPU071 drilled on section line 9: 85.0 metres, drilled length, grading 49.0% zinc, 0.3% copper, 12 g/t silver and 61 g/t germanium.
The new assay results were also returned for the Nord Riche area of the Kipushi fault zone,
- KPU073: 7.9 metres true thickness grading 8.2% copper, 1.9 % zinc and 17.0 g/t silver and 0.26% cobalt.
Results also were received for the significant zone of sphalerite mineralization previously reported to the south and below the historical Big Zinc Resource.
- KPU072: 57.7 metres, drilled length, grading 37.0% zinc, 0.6% copper and 6 g/t silver and 54 g/t germanium including an interval of 50.8 metres grading 40.7% zinc, 0.6% copper, 6 g/t silver and 54 g/t germanium.
Drilling results continue to confirm new discovery in the area of previously reported mineralization intersected by drill hole KPU072..
Quelle: ivanhoemines.com
Quelle: ivanhoemines
Quelle: bigcharts.com
Quelle: bigcharts.com
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