Announcement Date: 2022-11-08
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Ivanhoe Electric Inc.
Project name: Santa Cruz
Location: United States
Commodities: Copper
Highlight: Drilling results incl. 313.9m at 1.06% Cu from 602m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: NEW YORK, NEW YORK – Ivanhoe Electric (NYSE American: IE; TSX: IE) Chairman and Chief Executive Officer Robert Friedland is pleased to announce the discovery of the East Ridge oxide copper zone at the Santa Cruz Copper Project, located west of Casa Grande, Arizona. These exploration results have demonstrated the effectiveness of Ivanhoe Electric’s proprietary Typhoon™ surveying system for identifying hidden copper deposits in the American Southwest. In addition, we are beginning to receive high-grade copper assay results from the extensive drilling campaign in the Santa Cruz Deposit area. These results will be incorporated into the updated Mineral Resource Estimate for the Santa Cruz Project expected in January 2023. 360-degree photogrammetry video of drill core from drill hole SCC-105 at 582.90 meters depth showing Oracle Granite with chrysocolla (a leachable mineral that is approximately 30% copper by weight) and chalcanthite (a leachable mineral that is approximately 25% copper by weight) mineralization. Click on the image below for the high-resolution video.
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