Ivanhoe Mines – Kipushi zinc-copper project, DRC – September 2013
On 27 September 2013 Neil Adshead visited Ivanhoe Mines’ 68%-owned Kipushi project close to the city of Lubumbashi, Katanga province, DRC. Ivanhoe acquired the historic Kipushi underground mine in 2012 and is busy dewatering down to a level from which a drill program can delineate the previously discovered, but inadequately delineated, ‘Big Zinc’ deposit. A historic resource estimate on ‘Big Zinc’ outlined 4.7 Mt of 39% zinc and 0.76% copper, making it one of the highest grade undeveloped zinc sulphide concentrations in the world. Ivanhoe hopes to complete dewatering by the end of 2013, undertake comprehensive delineation and exploration drill programs from underground through 2014, and publish a modern resource estimate by the end of 2014. Two highlights from the site visit were the warm welcome provided by the boisterous ‘Gecamines Band’, and viewing tens of metres of drill core with close to 50% contained zinc.
The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Global Resource Investments Ltd, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.