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Bullboard - Stock Discussion Forum Ivanhoe Mines Ltd. IVPAF


Primary Symbol: T.IVN

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent... see more

TSX:IVN - Post Discussion

Ivanhoe Mines Ltd. > Western Foreland exploration project...
View:
Post by zack50 on May 25, 2024 1:44pm

Western Foreland exploration project...

I can't confirm what you are asking but this information might be helpful. Also, RF did make the following comment:

"... There is much more to come this year at Kamoa-Kakula, without even mentioning the new deposits we are unearthing in the Western Forelands.”  


Ivanhoe’s DRC exploration group is targeting Kamoa-Kakula-style copper mineralization on its Western Forelands exploration licences. The 17 licences in the Western Foreland cover a combined area of approximately 2,407 square kilometres to the north, south and west of the Kamoa-Kakula Copper Complex. An additional 4 licences under joint venture bring the exploration area to ~2,654 sq. km. It's notable that the area of the WF exploration licences is almost seven times as large as the Kamoa-Kakula Copper Complex licences.

The exploration group is using models that successfully led to the discoveries of Kakula, Kakula West, and the Kamoa North Bonanza Zone at the Kamoa-Kakula Copper Complex. More recent discoveries at Makoko, Kiala and the 2023 Kitoko mineralization confirm the effectiveness of these models.

The wet season in the DRC starts in November and continues until early April, with field access often restricted until May. All-weather access to drill sites at Kitoko, Makoko West and Makoko East was established ahead of the wet season so that drilling could continue uninterrupted. Eight contractor-operated diamond rigs were operating at the end of the quarter. A total of 16,861 metres of diamond core has been drilled in 18 completed holes, one abandoned hole and eight continuing holes.

The potential for mineralization at depth between Makoko and Kakula has been tested with deep holes drilled with the assistance of a directional drilling company. Two holes were completed during Q1 2024 with one intersecting a mafic intrusive on the contact between the Nguba sediments and Kibaran basement. The second hole intercepted copper sulphide mineralization in a Nguba siltstone in direct contact with the Kibaran basement.

Drilling at Kitoko continued to define the extent of mineralization and develop an understanding of the system. Between three and five diamond drill rigs were active on the prospect from mid-January to the end of the quarter with a total of 10 holes completed, including three wedges from deeper parent holes. Drilling has confirmed the occurrence of mineralization within Nguba sediments in direct contact with the Kibaran basement. This represents a new geological setting for high-grade mineralization on the Western Foreland and will be incorporated into targeting models across the land package.

Drilling at Makoko West (up-dip of Kitoko) continued with between two and four rigs during the quarter. The drilling at Makoko West is targeting the up-dip area of the Kitoko mineralized system, particularly where pyritic siltstones have been deposited close to the Kibaran basement. Six drill holes have been completed and two are underway.

The wet season is expected to end in April and allow access to more regional locations from May onwards. This program will include air core drilling to collect a sample at the top of residual rock below exotic Kalahari sands and diamond drilling at regional targets.

A passive seismic program is scheduled for Q2 2024 at both Kitoko and the Lupemba area, which is located southwest of the Kitoko discovery. The program aims to identify the thickness of Kalahari sand, basement architecture and the location of thick mafic rocks below the Nguba sediments.
Comment by crow27 on May 26, 2024 7:32pm
.. There is much more to come this year at Kamoa-Kakula,  So I'm thinking his bigger and faster comment must have something to do with KK.  Or maybe we are aquiring something to make us bigger and it will happen very fast. Let's see if RF delivers
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