Stocks in Play: Ivanplats
Thursday, January 17, 2013 03:41 PM EST - Ivanplats : announced today that a new, independent review of drilling results by AMEC E&C Services of Reno, Nevada, has more than doubled the current estimated Indicated Mineral Resources at Ivanplats' Kamoa copper discovery in the Democratic Republic of Congo. The new estimate increases Kamoa's Indicated Mineral Resources to a total of 739 million tonnes grading 2.67% copper, containing 43.5 billion pounds of copper - an increase of 115% over the previous September 2011 estimate of 348 million tonnes, containing 20.2 billion pounds of copper. Both estimates used a 1% copper cut-off grade and a minimum vertical mining thickness of three metres. Ivanplats ( T.IVP ) shares were down $0.04 at 5.15.
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