Resource World Magazine

Resource World - February-March 2018 - Vol 16 Issue 2

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18 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 8 nickel and copper. Discovery Hole 14 col- lared 200 metres east of the historic E&L deposit cut 8.3% nickel and 4.2% cop- per over 16.75 metres within a broader 40.4-metre section grading 3.9% nickel and 2.3% copper from 100.4 to 140.8 metres. The 16.75-metre massive sulphide intercept also included 6.4 g/t combined platinum-palladium, 0.19% cobalt, 1.1 g/t gold and 11.1 g/t silver. GT Gold Corp. [GTT-TSXV] made two new discoveries in the Golden Triangle. Final results from summer 2017 drilling on its Saddle South gold-silver discovery on the 100%-owned Tatogga property include Hole TTD056 with 23.78 g/t gold and 65.87 g/t silver over 4.02 metres, including 50.50 g/t gold and 91.50 g/t silver over 0.95 metres and Hole TTD058 with 31.79 g/t gold and 1,141.10 g/t silver over 3.01 metres, including 117.00 g/t gold and 1,835.00 g/t silver over 0.70 metres. Ranked as the world's largest unde- veloped, high-grade copper discoveries, Ivanhoe Mines Ltd.'s [IVN-TSX; IVPAF- OTCQX] Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) could end up being one of the top five copper producers in the world based on a preliminary economic assessment (PEA). Ivanhoe is currently exploring accel- eration options for building the first two mines at Kamoa-Kakula concurrently, and the potential for expanding production to 18 Mtpa and beyond. Development of Kakula is being fast-tracked with twin declines now underway and a pre-feasibil- ity study is currently in progress. Kakula's ultra-high copper grade is expected to average 6.4% over the first 10 years, with mine-site copper cash costs of US $0.51/lb. Positive findings have also been received from an independent, pre-fea- sibility study (PFS) for the company's high-grade, Kipushi zinc-copper-silver- germanium mine in the DRC which would rank among the world's largest zinc mines. The PFS focuses on the initial mining of Kipushi's Big Zinc Zone which has an esti- mated 10.2 million tonnes of measured and indicated resources grading 34.9% zinc. According to Ivanhoe, "discussions are continuing with potential strategic part- ners and lenders to support our continuing advance toward a new era of production at Kipushi." Arizona Mining Inc. [AZ-TSX; WLDVF-OTC] is focused on the explora- tion and development of its 100%-owned Hermosa Project in Santa Cruz County, Arizona which hosts two stratigraphically controlled mineral deposits: the Taylor deposit and the Central deposit. Its major shareholders include some well-heeled investment banks including Blackrock Inv., JP Morgan Asset Management and Fidelity Management & Research among others. Hermosa is comprised of 530 acres of private, patented mining claims and district exploration potential within its 19,015 acres of unpatented mining claims. The Taylor zinc-lead-silver sulphide

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