New high-grade copper find in DRC similar to Kakula, Ivanhoe says – by Staff ( – November 28, 2023)

Ivanhoe Mines (TSX: IVN) announced on Tuesday that geologists made a significant high-grade copper discovery in the Democratic Republic of Congo (DRC) similar to the massive orebody it is mining at the Kamoa-Kakula copper complex.

The discovery, named Kitoko — meaning “beautiful” or “gift” in several local languages — was made on Ivanhoe’s recently acquired joint venture licences in the Western Foreland, about 25 km west of the ultra-high-grade to Kamoa-Kakula mine.

Selected drill results from Kitoko include 3.37 metres of 3.54% copper, 6.43 metres of 4.92% copper, 4.2 metres of 3.6% copper and 6.8 metres of 3.35% copper. All intervals are true widths, with a copper cut-off of 1.0%.

Ivanhoe founder and executive co-chair Robert Friedland said in a news release Tuesday that the high-grade copper mineralization found at Kitoko is very similar to the massive tier-one Kakula orebody, now discovered in the deeper parts of the Western Foreland basin that remains completely unexplored.

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