Best Copper-Gold-Silver Intersection To Date At Hog Heaven Project

Best Copper-Gold-Silver Intersection To Date At Hog Heaven Project

PHOENIX, AZ – Ivanhoe Electric Inc. announced a significant intersection of copper in high-sulfidation epithermal mineralization at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. Since the earliest drill holes at Hog Heaven, the Company has identified the widespread sulfide mineralization containing a wide variety of both base and precious metals seen throughout the system. This is the smoke to a potentially special porphyry system. Ivanhoe will continue to drill deep, and around the clock at the Hog Heaven and Tintic projects.

Drill hole HHD-014 intersected several zones of copper, gold and silver-rich mineralization hosted in both the volcanic diatreme and surrounding sediments. Mineralization manifests as both enargite and pyrite in disseminations and diffuse veins within the volcanic rocks. Significant thicknesses of this disseminated and vein-hosted mineralization have been intersected: 82 meters at 0.63% copper, 0.32 g/t gold and 37.8 g/t silver from 568 meters; This interval includes some exceptional grades, best represented by a series of enargite-pyrite veins at 5.78% copper, 2.2 g/t gold and 264.7 g/t silver over 3.95 meters from 631 meters; and the highest single assay in this vein zone returned 21.7% copper, 3.94 g/t gold and 510 g/t silver over 1.1 meters from 632 meters.

The single 21.7% copper assay was capped to 10% to avoid overestimation and grade smearing within the reported intervals. If this capping is removed, the 82 meter interval runs 0.79% copper, 0.32 g/t gold and 37.8 g/t silver from 568 meters, and the 3.95 meter vein interval runs 9.13% copper, 2.2 g/t gold and 264.7 g/t silver from 631 meters.