Ivanhoe Electric stock surges on Santa Cruz resource update

Date:

The resource at the Santa Cruz deposit reflects a 0.70% total copper cut-off, while the resources at East Ridge and Texaco reflect a 0.90% and 0.80% total copper cut-off, respectively.

Even at these higher cut-off grades, the overall project-wide contained copper in indicated resources increased by 11% to 2.8 million tonnes (226.7 million tonnes grading 1.24% total copper). Notably, contained copper in indicated resources, excluding primary sulphide mineralization, increased by 86%.

Project-wide contained copper in inferred resources also grew to 1.8 million tonnes (149 million tonnes grading 1.24% total copper), including 1.2 million tonnes of soluble copper.

The Santa Cruz deposit remains by far the largest deposit on the property, with indicated resources totaling 223.2 million tonnes grading 1.24% total copper and inferred resources totaling 62.7 million tonnes grading 1.23% total copper.

Notably, the deposit now includes 78%…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...