Assy Plateau, Kazakhstan. Stock image.
Ivanhoe Mines (TSX: IVN) announced on Thursday that it has made a copper discovery at its exploration joint venture in Kazakhstan’s Chu-Sarysu Basin, warranting further follow-up.
The Canadian miner, alongside UK-based partner Pallas Resources, is exploring a prospective land package of over 16,000 km², covering licences spread across seven projects. The landholding, according to Ivanhoe, represents one of the largest in Kazakhstan and is estimated to be seven times bigger than its Western Forelands project in the Democratic Republic of the Congo.
The new copper discovery resulted from the joint venture’s fieldwork on the Merke licence, which is located in the southern part of the Chu-Sarysu Basin and includes a 36-kilometre-long stratigraphic trend, with multiple samples returning between 1% and 5% copper.
While clearly not an economic occurrence in…
