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Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week

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Ivanhoe’s exploration drilling in the DRC has paid off. Image credit: Ivanhoe Mines.

Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week

Fresh on the heels of Ivanhoe Mines’ announcement that they will start exploring for copper and cobalt in a large area within Angola, the TSX listed company followed that up with a release today that Ivanhoe has made a significant high-grade copper discovery in the Democratic Republic of the Congo (DRC).   

Ivanhoe’s Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced earlier today that the company has made a significant high-grade copper discovery on recently acquired joint venture licences in the Western Foreland, west of the Kamoa-Kakula Copper Complex in the DRC.

Ivanhoe Mines’ geological team have aptly named the discovery Kitoko, which means “beautiful” or “gift” in several local languages in the DRC.

According to Cloete the Kitoko discovery confirms the presence of a significant high-grade copper mineralising system between 1,000m and 1,140m below the surface.

Kitoko fine-grained copper mineralisation is hosted in near flat-lying siltstone of the lower Grand Conglomerate, like that observed at the tier-one Kamoa, Kakula, Makoko and Kiala deposits.

Also, like these deposits, the Kitoko mineralisation is bottom-loaded with the highest copper grades occurring at the base of the mineralised zone.

As mineralisation occurs at the Kakula orebody, the lower section of the mineralised zone features occurrences of high-grade chalcocite and bornite copper sulphide minerals, with chalcopyrite copper sulphide mineralisation more prevalent towards the top.

The currently defined mineralised zone is trending southwest over 1.9 2 kilometres of strike, with a dip extent of between 600 meters and mineralization remains open in all directions.

An effective exploration model (Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week)

According to Friedland Ivanhoe’s latest high-grade discovery of Kitoko confirms the effectiveness of the company’s exploration model for identifying tier-one copper mineralisation across the Western Foreland.

“Our proprietary knowledge is the result of over 20 years of in-depth geological research in this previously unexplored terrain. “This year’s drilling success proves that our geological team has the ability to unearth further major copper discoveries across the Western Foreland.

“We are fortunate to control such a large exploration land package with tier-one potential, in the identical geological domain as the Kamoa-Kakula Copper Complex, the world’s greenest and fastest-growing major copper mining complex.

“Our geologists are excited to find very high-grade copper very similar to the massive tier-one Kakula orebody, now discovered in the deeper parts of the Western Foreland basin that remains completely unexplored.

“When combined with the recent Mineral 3 Resources at the nearby Makoko and Kiala deposits, the Kitoko discovery marks a turning point for our strategy in the Western Foreland.

“We are excited to explore options for near-term, high-grade copper production across our majority-owned licenses,” says Friedland.

Lobito Rail Corridor an advantage (Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week)

Friedland says that the Lobito Rail Corridor to the nearest coastal port in Angola runs across this emerging world-class copper district…

“The railway and port will provide strategic advantages in terms of inbound and outbound transport and lower carbon emissions. In fact, the Lobito Corridor will dramatically improve the economics of the entire DRC mining industry, which is powered primarily by hydroelectricity.

“The Lobito Corridor will lower mining cut-off grades and increase the amount of economically recoverable copper that our world desperately needs from the Western Foreland… and exploration properties in both Angola and the DRC will become far more attractive due to the very existence of the Lobito Corridor,” says Friedland.

Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week


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Ivanhoe’s Kitoko in the DRC is WhyAfrica’s Pick of The Week

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