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Ivanhoe Mines announces new copper discovery in DRC
Ivanhoe Mines announced recently that the company has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).
Ivanhoe holds an extensive land package, totalling approximately 700 square kilometres, of prospective, 100%-owned exploration licences in the Western Foreland area. Ivanhoe began exploration drilling on the licences in the third quarter of 2017. To date, the company has drilled more than 50 holes, the great majority of which have been in the Makoko Discovery area.
Makoko is the first of multiple high-potential target areas identified by Ivanhoe’s exploration team to be tested by drilling. An initial, independent resource estimate for the Makoko Copper Discovery is expected in the current financial quarter. In addition, Ivanhoe recently began exploration drilling on other targets identified in the Western Foreland area to test for high-grade copper.