https://www.engineeringnews.co.za

Ivanhoe Electric to update Arizona copper project resource in early ’23

1st November 2022

By: Creamer Media Reporter

     

Font size: - +

Technology and mineral exploration company Ivanhoe Electric, chaired by mining billionaire Robert Friedland, has made rapid progress at its Santa Cruz copper project, in Arizona, and is expecting an updated mineral resource statement for the project in January 2023.

The company is managing a multi-rig drill programme, while completing numerous trade-off studies and carrying out the technical studies required to support a future preliminary economic assessment (PEA), chief technical and innovation officer Glen Kuntz reports.

Up to eight drill rigs are currently working 24 hours a day to collect resource in-fill, geotechnical, hydrological and metallurgical information required to assess potential mine development options at the Santa Cruz project.

The company has completed 23 945 m of in-fill drilling and 7 792 m of drilling to support studies on underground mine access, using on-site crew of more than 40 employees and 76 contractors.

A recent highlight of the in-fill drilling programme is from hole SCC-084, which intersected more than 250 m of oxide and copper mineralisation. Although pending assays, Ivanhoe Electric says the hole demonstrates the potential for identifying new zones of oxide and exotic copper mineralisation.

“Based on our work to date, we expect to complete a PEA on the Santa Cruz deposit in the first half of 2023. The initial economics could improve further as we continue to explore and understand other areas, including Texaco and East Ridge,” Santa Cruz consulting project director Andy Russell says.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 1.129s - 140pq - 2rq
Subscribe Now