Ivanhoe Mines +5% after finding new copper-rich area in Congo [Seeking Alpha]
Turquoise Hill Resources Ltd. Ordinary Shares (TRQ)
US:NYSE Investor Relations:
turquoisehill.com/s/investors.asp
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Source: Seeking Alpha
Ivanhoe Mines ( OTCQX:IVPAF ) says exploration drilling at its Kamoa North prospect area, which forms part of the Kamoa-Kakula mining license in the Democratic Republic of Congo, defined two new, continuous corridors of shallow and high-grade copper mineralization. The newly delineated copper corridors occur on the western flank of the unmineralized Kamoa Dome at Kamoa North, the company says. Ivanhoe estimates its flagship Kamoa-Kakula project holds at least 45M copper equiv. metric tons, which would make it the world’s fourth largest copper mine; the company hopes to extract 300K metric tons/year once the mine is operating at full capacity. See all stocks on the move » Now read: Stocks slip, oil gains at midday » Subscribe for full text news in your inbox
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