Canadian company Ivanhoe Mines has made another significant copper discovery in the DRC.
TSX-listed Ivanhoe Mines made the new discovery on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).
Ivanhoe holds an extensive land package, totalling about 700km2 of prospective, 100%-owned exploration licences in the Western Foreland area. The company began exploration drilling on the licences during the third quarter of 2017.
To date, the company has drilled more than 50 holes, the majority of which are in the Makoko Discovery area.
Makoko is the first of multiple high-potential target areas identified by Ivanhoe’s exploration team to be tested by drilling. An initial, independent resource estimate for the Makoko Copper Discovery is expected in the current financial quarter.
In addition, Ivanhoe recently began exploration drilling on other targets identified in the Western Foreland area to test for high-grade copper.