MOVERS & Shakers
Ivanhoe Mines’ exploration
team makes major new copper
discovery at the Kamoa Copper Project
KOLWEZI, DEMOCRATIC REPUBLIC OF
CONGO — Robert Friedland, Executive
Chairman of Ivanhoe Mines (TSX: IVN),
and Lars-Eric Johansson, Chief Executive
Officer, announced today that the Kamoa
exploration team has made a new tier-one,
high-grade and at-lying stratiform copper
discovery, ideally situated for low-cost
me chan i z e d m i n i ng , i n t he Ka ku l a
exploration area, approximately ve
kilometres southwest of the currently
de ned resources at the Kamoa copper
deposit in the Democratic Republic of
Congo (DRC).
e Kakula Discovery is situated within the
400-square-kilometre Kamoa Mining
Licence area and represents a major
extension of the Kamoa copper deposit,
which the company discovered in 2008. e
Kamoa Copper Project is a joint venture
between Ivanhoe Mines and Zijin Mining.
Two exploration drill holes completed in late
2015 in the Kakula exploration area —
DKMC_DD996 and DKMC_DD997 —
rank among the highest-grade and highestgrade-thickness intersections drilled to date
within the Kamoa copper deposit licence
area.
DKMC_DD996 intersected 24.16 metres
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(24.13 metres true width) of 3.48% copper, at
a 1% copper cut off. At a higher cut-off of 2%
copper, the intersection was 13.16 metres
(13.14 metres true width) of 5.26% copper.
DKMC_DD997 intersected 18.75 metres
(18.47 metres true width) of 4.64% copper at
a 1% copper cut-off and 15.17 metres (14.94
metres true width) of 5.33% copper at a 2%
copper cut-off.
e two holes were drilled into an area of
thick, high-grade copper mineralization
rst identi ed in 2014 — now called the
Kakula Discovery area — within the large,
60-square-kilometre Kakula exploration
area. e two holes represent 400-metre
step-outs north and east from the highgrade copper intersected in drill hole
DKMC_DD942 (13.50 metres (13.49 metres
true width) of 4.15% copper, at a 2% copper
cut off ). Completion of an 800-metrespacing in ll grid over the Kakula Discovery
area is planned for 2016.
“e Kamoa copper deposit already is
distinguished as the world's largest,
undeveloped, high-grade copper discovery,”
said Mr. Friedland. “e Kakula Discovery
has the combination of signi cant thickness,
high grades and strike length that holds
promise for signi cant and rapid expansion
| FMDZ
of the Kamoa copper deposit.
“e Kakula discovery not only shows the
potential to substantially increase the size of
the Kamoa C opper Deposit, it also
highlights the potential for new discoveries
to the west of Kolwezi in the Congolese
copperbelt.”
Kakula Exploration Target
Signi cant mineralization in the Kakula area
was discovered in 2014 by a wide-spaced
exploration program. By the end of 2014, 21
holes had been drilled in the area, of which
six had intersected signi cant copper
mineralization.
Based on the wide-spaced drilling results
from the 2014 program, Ivanhoe de ned
three areas of exploration potential at
Kakula, covering a total area of 60 square
kilometres. e central Kakula Discovery
area covers 19 square kilometres and is the
primary focus of the current exploration
program. e planned Kakula exploration
drilling program consists of 19,000 metres in
58 holes, of which approximately 10,000
metres of drilling is planned on an 800metre in ll grid at the Kakula Discovery
area. e other approximately 9,000 metres
of drilling will be used to test the other two