Kakula Underground Mine Development Has Reached The Edge Of The High-Grade Ore As Mining Advances Toward Zones In Excess Of 8% Copper

Robert Friedland and Yufeng “Miles” Sun, Co-Chairmen of Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) are pleased to report that underground development at the Kakula Copper Mine now has reached the high-grade ore within the deposit.

The advancement of the first connecting underground drift, designed to tunnel through the centre of the high-grade orebody and open up the mine’s initial mineral reserves, has reached the edge of the high-grade ore. Grades of approximately 4% copper have been returned from sampling, and grades are expected to significantly increase as the development crews advance the drifts toward the deposit’s central mining zones that are in excess of 8% copper.

“This intersection marks a significant milestone in the context of our exploration and development efforts at Kamoa-Kakula that began more than 13 years ago,” said David Edwards, Geology Manager, Kamoa-Kakula Copper Project. “Now that you can see and touch Kakula’s high-grade copper ore, it really hits home that we are well underway toward building the first of multiple high-grade copper mines in the area.”