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Bullboard - Stock Discussion Forum Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa... see more

TSX:IVN - Post Discussion

Ivanhoe Mines Ltd > Patience is the name of the game.
View:
Post by EnglishDW on May 24, 2022 3:50am

Patience is the name of the game.



Below is IVN's March 2022 news release relating to WF, pages 32 & 33 of their PDF.
They are still doing the "Big picture" research.
300 - 400 shallow drill holes, along with 100 or so deeper drill holes planned for this year, will give more "Big picture" details.
68km of roads, I suspect, is a small percentage of actual retirement, otherwise a completion % would likely have been stated. Not that a definitive road length will be known yet.

What I am trying to say, is that IVN is more than a year... MORE, from coming out with detailed "Look! Here's a mine or ten's locations and sizes."

The new mining district district which RF refers to.... and I believe him, will appear in detail, slowly over the next 2 to 3 years, probably longer, in my humble opinion. Depends how many mines they find!

Hope that helps.




4. Western Foreland Exploration Project
90%- and 100%-owned by Ivanhoe Mines
Democratic Republic of Congo 
Ivanhoe’s DRC exploration group is targeting Kamoa-Kakula-style copper mineralization 
through a regional exploration and drilling program on its Western Foreland exploration 
licences, located to the north, south and west of the Kamoa-Kakula Mining Complex. Ivanhoe’s 
Western Foreland Exploration Project consists of 17 licences that cover a combined area of 
approximately 2,550 square kilometres. 
Exploration models that successfully led to the discoveries of Kakula, Kakula West, and the 
Kamoa North Bonanza Zone on the Kamoa-Kakula joint-venture mining licence are being 
applied to the extensive Western Foreland land package by the same team of exploration 
geologists responsible for the previous discoveries.
Exploration drilling in Q4 2021 was focused on wide-scale regional dip sections along the axis  provide detailed stratigraphic and structural information ahead of processing and interpreting 
the geophysical surveys. The drill holes currently are being surveyed with downhole 
geophysical tools to provide density, conductivity and velocity information.
Surface soil and stream-sediment sampling focused on the southwest permits. 18 stream 
samples and 462 soil samples were collected during Q4 2021. The mapping of the southwest 
permits continued, with interpretation ongoing. 
Construction of the access spine road across the western permits now has reached a total 
length of 69 kilometres. Container-based bridges were installed along the entire length of the 
road to provide all season access to the full extent of the southwest foreland. Some additional 
wet season access roads were completed to allow additional drilling during the wet season. 
Geophysical airborne surveys such as magnetics, gravity and electromagnetics recommenced 
in Q4 2021. This new geophysical data will enhance the target delineation program for drill 
testing and soil sampling, as well as provide a better understanding of the structural domains 
of the area. Magnetics and gravity were completed by the end of the year with the 
electromagnetic survey and additional gravity survey 46% completed by the end of the year. 
Ground gravity survey work commenced during Q4 2021 and will be used in conjunction with 
the airborne gravity to provide increased definition where required.
Ivanhoe’s 2022 Western Foreland exploration expenditure is provisionally planned at $25
million. The main component of this expenditure is exploration drilling, with more than 50,000 
metres of shallow (depth of less than 150 metres), air core, reverse circulation and diamond 
drilling focussed on defining sub-outcrop positions and obtaining bed-rock samples under the 
Kalahari sand cover. In addition, up to 45,000 metres of deeper regional drilling covering the 
entire 2,550-square-kilometre land package also is provisionally planned, some of which is 
dependent upon exploration success.
South Africa-based New Resolution Geophysics conducting an airborne electro-
magnetic survey over Ivanhoe’s Western Foreland exploration licences in 
February 2022. The electro-magnetic survey is the last of three geophysical 
surveys to be completed over the Western Foreland licences, providing 
geologists with ultra-high resolution data for the 2022 drilling campaign.
of the Western Foreland permits at approximately 10km intervals. The drilling was designed to provide detailed stratigraphic and structural information ahead of processing and interpreting 
the geophysical surveys. The drill holes currently are being surveyed with downhole 
geophysical tools to provide density, conductivity and velocity information.
Surface soil and stream-sediment sampling focused on the southwest permits. 18 stream 
samples and 462 soil samples were collected during Q4 2021. The mapping of the southwest 
permits continued, with interpretation ongoing. 
Construction of the access spine road across the western permits now has reached a total 
length of 69 kilometres. Container-based bridges were installed along the entire length of the 
road to provide all season access to the full extent of the southwest foreland. Some additional 
wet season access roads were completed to allow additional drilling during the wet season. 
Geophysical airborne surveys such as magnetics, gravity and electromagnetics recommenced 
in Q4 2021. This new geophysical data will enhance the target delineation program for drill 
testing and soil sampling, as well as provide a better understanding of the structural domains 
of the area. Magnetics and gravity were completed by the end of the year with the 
electromagnetic survey and additional gravity survey 46% completed by the end of the year. 
Ground gravity survey work commenced during Q4 2021 and will be used in conjunction with 
the airborne gravity to provide increased definition where required.
Ivanhoe’s 2022 Western Foreland exploration expenditure is provisionally planned at $25
million. The main component of this expenditure is exploration drilling, with more than 50,000 
metres of shallow (depth of less than 150 metres), air core, reverse circulation and diamond 
drilling focussed on defining sub-outcrop positions and obtaining bed-rock samples under the 
Kalahari sand cover. In addition, up to 45,000 metres of deeper regional drilling covering the 
entire 2,550-square-kilometre land package also is provisionally planned, some of which is 
dependent upon exploration success.
Comment by guarantor1 on May 27, 2022 12:58pm
Yes... BUT they announced Feb 2021 that they were going to drill 40,000 meters in 2021 ...where are those results.eh ? The initial 2021 exploration program includes 40,000 metres of combined aircore and diamond drilling, airborne and ground-based geophysics, soil sampling and road construction. Field work will commence at the start of the 2021 dry season, which typically begins in April. The ...more  
Comment by EnglishDW on May 27, 2022 3:24pm
The drilling was designed to provide detailed stratigraphic and structural information ahead of processing and interpreting the 3 types of geophysical surveys they have, and continue to carry out. Not the kind of information warranting a news release, at least, not the way they are reporting the drilling.  Plus, they reported that they were still surveying the drill holes, as of March.   ...more  
Comment by guarantor1 on May 27, 2022 3:35pm
Okay - so they got spectacular drill results from Makoko and Kiala, in 2020, And released them in Feb 10, 2021. Announce a big exploration progam, Feb 10, And NO follow up re Kiala, and Makoko ??? I don't think so 2021 News February 10, 2021 Ivanhoe Mines plans expansive 2021 copper exploration program on its 100%-owned Western Foreland licences ...more  
Comment by EnglishDW on May 27, 2022 6:30pm
No follow up? That is a question for IVN to answer, I can only speculate. I think the fault line / strike (175km is kind of large) with multiple strata of copper that they found, is well understood. The magentic surveys, and gravity survey have likely confirmed size and the presence of copper. It's location may make it a logical extension to K&K. It might have been as simple as IVN ...more  
Comment by Resivo on May 27, 2022 10:34pm
Only reason to not talk about something is that you didn't find anything.  we must come to the conclusion that wf is a flop. 
Comment by LittleMoney on May 28, 2022 12:43am
After discovering Kamoa they drilled for about 10 years before finding Kakula. And WF is several times the size to search, so patience is most definitely needed. Much too early to call it a flop. When they get positive drill results they publish them in a hurry, no holding things back like some here seem to suggest.  My belief is rising copper prices, continued increases in production, and ...more  
Comment by LaMachine on May 28, 2022 3:52am
This post has been removed in accordance with Community Policy
Comment by nextime on May 28, 2022 5:26pm
A few thoughts relative to recent post.   I do not want the NYSE listing or any other for that matter until the derivatives are gone.   As to the next subject, the times and percentages are random numbers by memory. These numbers are meant to deliver the concept not necessarily the correct numbers. If someone wants to dig up the actual numbers, have at it. I would not release any ...more  
Comment by Resivo on May 28, 2022 7:11pm
Thanks that makes much sens. 
Comment by charni on May 28, 2022 5:41pm
Patience means "relax".  We have a company confirming eveything they state will happen. Massive revenue ramp-up is happening on time. The exploration potential is an add-on to the huge story we are invested in. The market currently does not give a damn since the resource sector is currently giving minimal value to mining stocks no matter how good the news is.  This is a buying ...more  
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