Ivanhoe Mines Ltd.: New Mineral Resource Estimate Adds 281 Million Tonnes of High-Grade Inferred Resources to the Hugo North Copper-Gold Deposit in Mongolia.ULAANBAATAR Ulaanbaatar or Ulan Bator (both:  län` bä`tôr) [Mongolian,=red hero], Chinese Kulun, city (1995 est. pop. , Mongolia Mongolia, country, AsiaMongolia (mŏn-gō`lēə, mŏng–), officially State of Mongolia, republic (2005 est. pop. 2,791,000), 604,247 sq mi (1,565,000 sq km), N central Asia; traditionally known as Outer Mongolia. -- John Macken For people named Macken, see .
disinherited by father, Cedric the Saxon. [Br. Lit.: Ivanhoe] See : Banishment Ivanhoe the epitome of chivalric novels. [Br. Lit.: Ivanhoe] See : Chivalry Mines (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :IVN IVN Interactive Video Network IVN Intravenous IVN Internationale Vereniging voor Neerlandistiek IVN Intravenous Nutrition IVN Integrated Voice Network IVN Intervening Networks IVN in Vehicle Network )(NYSE NYSE See: New York Stock Exchange :IVN), announced today that a new Mineral Resource estimate prepared by Ivanhoe under the supervision of AMEC AMEC African Methodist Episcopal Church AMEC Agent Mediated Electronic Commerce AMEC Arctic Military Environmental Cooperation AMEC Advanced Micro-Fabrication Equipment Inc AMEC Association of Media Evaluation Companies Americas A·mer·i·cas , the See America. Limited (AMEC), and endorsed by AMEC, has delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. an additional Inferred resource for the northern-most portions of the Hugo HUGO - A bytecode-interpreted transaction handler from Geac. North Deposit that is continuing to be expanded by ongoing exploration drilling at Oyu Tolgoi in Mongolia's South Gobi Gobi (gō`bē), Mandarin Yintai shamo, great stony desert of N central Asia, c.500,000 sq mi (1,295,000 sq km), extending c.1,000 mi (1,610 km) from east to west across SE Mongolia and N China from the Da Hinggan (Great Khingan) Mts. region. The new estimate, based on eight months of drilling to January January: see month. 13, 2006, adds: - At a 0.6% copper equivalent cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade - 281 million tonnes of inferred resources at an average grade of 1.49% copper and 0.51 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. (g/t) gold (a copper equivalent grade of 1.82%). - At a higher 2% copper equivalent cut-off grade - 87 million tonnes of inferred resources at an average grade of 2.62% copper and 1.19 g/t gold (a copper equivalent grade of 3.38%). The Oyu Tolgoi Complex (Ivanhoe's 100% owned Oyu Tolgoi Property and the adjoining Ivanhoe/Entree joint venture Shivee Property) now contains: - Proven and Probable PROBABLE. That which has the appearance of truth; that which appears to be founded in reason. open-pit reserves of 930 million tonnes, with a grade of 0.50% copper and 0.36 g/t gold, containing 8.9 billion pounds of recovered copper and 7.6 million ounces of recovered gold. The reserve estimate was prepared by GRD GRD Guard GRD Grenada (ISO Country code) GRD Greek Drachma (old currency code; replaced by EUR) GRD Gulf Region Division (US Army Corps of Engineers) Minproc Limited in January 2006 (see Ivanhoe's January 30, 2006, news release) based on Net Smelter Return (NSR NSR abbr. normal sinus rhythm NSR Normal sinus rhythm, see there ) cut-offs equal to a copper equivalent cut-off of 0.3%. The Southern Oyu resources are calculated at a copper equivalent cut-off of 0.3% in the GRD Minproc Mineral Reserve estimate. - Measured and Indicated resources, inclusive of inclusive of prep. Taking into consideration or account; including. Proven and Probable reserves, totalling 1.15 billion tonnes grading 1.27% copper and 0.48 g/t gold (a copper equivalent grade of 1.58%), containing 32.2 billion pounds of copper and 17.7 million ounces of gold, at a 0.60% copper equivalent cut-off grade. - And in addition, Inferred resources of 1.44 billion tonnes grading 1.11% copper and 0.28 g/t gold (a copper equivalent grade of 1.29%), containing approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 35.3 billion pounds of copper and 13.1 million ounces of gold, at a 0.60% copper equivalent cut-off grade. The new resource estimate incorporates additional down-dip and in-fill drilling up to 400 metres south of the Oyu Tolgoi property boundary BOUNDARY, estates. By this term is understood in general, every separation, natural or artificial, which marks the confines or line of division of two contiguous estates. 3 Toull. n. 171. 2. , plus the initial 625-metre strike extension (the Hugo North Extension) that continues in a northeasterly north·east·er·ly adj. 1. Situated toward the northeast. 2. Coming or being from the northeast. north·east direction on the adjoining Ivanhoe-Entree joint-venture Shivee Tolgoi Property. On Ivanhoe's 100%-owned Oyu Tolgoi Property, the new estimate adds - At a 0.6% copper equivalent cut-off grade - 90 million tonnes of inferred resources grading 1.31% copper and 0.46 g/t gold (copper equivalent grade of 1.63%), containing approximately 2.6 billion pounds of copper and 1.3 million ounces of gold. - At a 2% copper equivalent cut-off grade - 23 million tonnes of high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. underground inferred resources grading 2.18% copper and 1.44 g/t gold (copper equivalent grade of 3.09%), containing approximately 1.1 billion pounds of copper and 1.1 million ounces of gold. These Inferred resources are a direct continuation continuation - continuation passing style of the Hugo North Indicated resources estimated by AMEC in its Oyu Tolgoi resource estimate in May, 2005 (see Ivanhoe's May 5, 2005, news release) and takes the estimated Hugo North Inferred resources up to the surveyed Oyu Tolgoi/Shivee Tolgoi border. In addition, the new estimate adds approximately 64 million tonnes of high-grade underground Inferred resources (all below a depth of 560 metres at a 2% copper equivalent cut-off) for the 625-metre Hugo North Extension onto the Ivanhoe-Entree joint-venture Shivee Tolgoi Property. Based on initial exploration results, the January 2006 resource estimate for the Ivanhoe/Entree joint-venture ground is: - At a 0.60% copper equivalent cut-off grade - Inferred resources of 190 million tonnes grading 1.57% copper and 0.53 g/t gold (a copper equivalent grade of 1.91%), containing approximately 6.6 billion pounds of copper and 3.2 million ounces of gold. - At a 2% copper equivalent cut-off grade - Inferred resources of 64 million tonnes grading 2.78% copper and 1.10 g/t gold (a copper equivalent grade of 3.48%), containing approximately 3.9 billion pounds of copper and 2.3 million ounces of gold. Ivanhoe has the right to earn a participating interest of 80% in all minerals extracted below a sub-surface depth of 560 metres on the Ivanhoe-Entree joint-venture property, and a 70% interest in all minerals extracted from surface to a depth of 560 metres, by spending US$35 million on exploration and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. development of the property over eight years. Ivanhoe has spent approximately US$10 million on the project to date and owns 10.4 million Entree common shares, representing approximately 15% of Entree's outstanding shares. Ivanhoe also owns approximately 2.4 million Entree purchase warrants (1.2 million A warrants and 1.2 million B warrants). Two A warrants are exercisable for one additional Entree common share at an exercise price of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $2.75 until July July: see month. , 2007. Two B warrants are exercisable into one additional Entree common share at an exercise price of CDN$3.00 until July 2007. Assuming the full exercise of the warrants, Ivanhoe will own approximately 16% of Entree's issued and outstanding shares. Subject to Ivanhoe completing its right to earn a participating interest of 80% in all minerals below a depth of 560 metres and the full exercise of the warrants held by Ivanhoe, Ivanhoe's attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk share of the current Inferred resources on the Ivanhoe/Entree joint-venture ground, at a 0.6% copper equivalent cut-off grade, is approximately 158 million tonnes, containing 5.5 billion pounds of copper and 2.7 million ounces of gold. These totals are in addition to the Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and Mineral Reserves contained on Ivanhoe's 100%-owned Oyu Tolgoi Property. With the new GRD Minproc Mineral Reserve estimate and today's new Ivanhoe/AMEC resource estimate, the Oyu Tolgoi Complex contains Mineral Reserves and Resources as follows:
Table 1: Mineral Reserves(i) - Southern Oyu Open Pits, Oyu Tolgoi -
January 2006
--------------------------------------------------------------------
Class Ore NSR Copper Gold CuEq Recovered Recovered
(tonnes) $/t (%)(g/t) Grade Copper Gold
(%)('000 lbs) (ounces)
--------------------------------------------------------------------
Proven 127,000,000 15.91 0.58 0.93 1.18 1,451,000 2,833,000
--------------------------------------------------------------------
Probable 803,000,000 7.96 0.48 0.27 0.66 7,431,000 4,768,000
--------------------------------------------------------------------
Proven &
Probable 930,000,000 9.05 0.50 0.36 0.73 8,882,000 7,601,000
--------------------------------------------------------------------
(i) Reserves estimated using metal prices of US$400/oz gold and
US$1.00 /lb copper and block value NSR cut-off grades of
US$3.54/tonne for Southwest Oyu and $3.39/tonne for Central Oyu.
Table 2: Mineral Resources Oyu Tolgoi at a 0.6% Copper Equivalent
cut-off grade - January 2006(ii)
--------------------------------------------------
Deposit Tonnage Copper Gold Copper
(tonnes) (%) (g/t) Equiv.
(%)
--------------------------------------------------
Southern Oyu
Deposits
--------------------------------------------------
Measured 101,590,000 0.64 1.10 1.34
--------------------------------------------------
Indicated 465,640,000 0.62 0.43 0.89
--------------------------------------------------
Measured
+ Indicated 567,230,000 0.62 0.55 0.97
--------------------------------------------------
and, in
addition
--------------------------------------------------
Inferred 88,500,000 0.47 0.41 0.73
--------------------------------------------------
--------------------------------------------------
Hugo Dummett
Deposits
--------------------------------------------------
Indicated
(Hugo North) 581,330,000 1.91 0.41 2.17
--------------------------------------------------
Inferred
(Hugo North
and South) 1,162,050,000 1.08 0.23 1.24
--------------------------------------------------
--------------------------------------------------
Oyu Tolgoi
Project
Grand Total
--------------------------------------------------
Measured 101,590,000 0.64 1.10 1.34
--------------------------------------------------
Indicated 1,046,970,000 1.34 0.42 1.60
--------------------------------------------------
Measured
+ Indicated 1,148,560,000 1.27 0.48 1.58
--------------------------------------------------
and, in
addition
--------------------------------------------------
Inferred 1,250,550,000 1.04 0.24 1.20
--------------------------------------------------
------------------------------------------------
Deposit Contained Metal
--------------------------------
Copper Gold Cu eq
('000 lbs) (ounces) ('000 lbs)
------------------------------------------------
Southern Oyu
Deposits
------------------------------------------------
Measured 1,430,000 3,590,000 3,000,000
------------------------------------------------
Indicated 6,360,000 6,440,000 9,180,000
------------------------------------------------
Measured
+ Indicated 7,790,000 10,030,000 12,180,000
------------------------------------------------
and, in
addition
------------------------------------------------
Inferred 920,000 1,170,000 1,430,000
------------------------------------------------
------------------------------------------------
Hugo Dummett
Deposits
------------------------------------------------
Indicated
(Hugo North) 24,440,000 7,620,000 27,770,000
------------------------------------------------
Inferred
(Hugo North
and South) 27,830,000 8,710,000 31,640,000
------------------------------------------------
------------------------------------------------
Oyu Tolgoi
Project
Grand Total
------------------------------------------------
Measured 1,430,000 3,590,000 3,000,000
------------------------------------------------
Indicated 30,800,000 14,060,000 36,950,000
------------------------------------------------
Measured
+ Indicated 32,230,000 17,650,000 39,950,000
------------------------------------------------
and, in
addition
------------------------------------------------
Inferred 28,750,000 9,880,000 33,070,000
------------------------------------------------
(ii)Oyu Tolgoi Mineral Resources are inclusive of Mineral Reserves.
Table 3: Mineral Resources on the Ivanhoe/Entree Shivee Tolgoi
Joint Venture Property as of January 2006 at a 0.6% Copper
Equivalent cut-off grade
-----------------------------------------------
Deposit Tonnage Copper Gold Copper
-------------- Equiv.
Shivee Tolgoi (tonnes) (%) (g/t) (%)
-----------------------------------------------
Inferred 190,160,000 1.57 0.53 1.91
-----------------------------------------------
------------------------------------------------
Deposit Contained Metal
-------------- Copper Gold Cu eq
Shivee Tolgoi ('000 lbs) (ounces) ('000 lbs)
------------------------------------------------
Inferred 6,590,000 3,240,000 8,010,000
------------------------------------------------
Table 4: Mineral Resources at Hugo North and South Deposits
on the Oyu Tolgoi Property as of January 2006 at various Copper
Equivalent cut-off grades
----------------------------------------------------------
Class Cu
Eqv Tonnage Copper Gold Copper
Cut-off Equiv.
-----
Hugo
North
Deposit (tonnes) (%) (g/t) (%)
----------------------------------------------------------
Indicated 3.5 116,500,000 3.78 0.92 4.37
----------------------------------------------------------
3.0 155,910,000 3.55 0.85 4.09
----------------------------------------------------------
2.5 196,850,000 3.31 0.79 3.81
----------------------------------------------------------
2.0 241,420,000 3.06 0.72 3.52
----------------------------------------------------------
1.5 318,170,000 2.69 0.63 3.08
----------------------------------------------------------
1.25 387,190,000 2.43 0.55 2.78
----------------------------------------------------------
1.0 470,000,000 2.18 0.48 2.49
----------------------------------------------------------
0.9 501,810,000 2.10 0.45 2.39
----------------------------------------------------------
0.8 530,470,000 2.03 0.44 2.31
----------------------------------------------------------
0.7 557,030,000 1.96 0.42 2.23
----------------------------------------------------------
0.6 581,330,000 1.91 0.41 2.17
----------------------------------------------------------
Inferred 3.5 12,830,000 3.41 1.10 4.11
----------------------------------------------------------
3.0 24,270,000 3.08 0.97 3.70
----------------------------------------------------------
2.5 43,490,000 2.69 0.90 3.26
----------------------------------------------------------
2.0 79,620,000 2.21 0.93 2.80
----------------------------------------------------------
1.5 163,470,000 1.78 0.69 2.22
----------------------------------------------------------
1.25 275,980,000 1.52 0.55 1.87
----------------------------------------------------------
1.0 443,060,000 1.32 0.43 1.59
----------------------------------------------------------
0.9 511,550,000 1.25 0.39 1.50
----------------------------------------------------------
0.8 573,360,000 1.20 0.37 1.43
----------------------------------------------------------
0.7 626,280,000 1.15 0.35 1.38
----------------------------------------------------------
0.6 671,720,000 1.11 0.34 1.33
----------------------------------------------------------
--------------------------------------------------------------
Class Contained Metal
----- ---------------------------------------
Hugo
North Copper Gold Cu Eq
Deposit ('000 lbs) (ounces) ('000 lbs)
--------------------------------------------------------------
Indicated 9,710,000 3,460,000 11,220,000
--------------------------------------------------------------
12,190,000 4,270,000 14,060,000
--------------------------------------------------------------
14,350,000 4,990,000 16,530,000
--------------------------------------------------------------
16,270,000 5,620,000 18,730,000
--------------------------------------------------------------
18,840,000 6,400,000 21,640,000
--------------------------------------------------------------
20,730,000 6,830,000 23,720,000
--------------------------------------------------------------
22,630,000 7,210,000 25,780,000
--------------------------------------------------------------
23,240,000 7,340,000 26,450,000
--------------------------------------------------------------
23,730,000 7,450,000 26,990,000
--------------------------------------------------------------
24,130,000 7,540,000 27,430,000
--------------------------------------------------------------
24,440,000 7,620,000 27,770,000
--------------------------------------------------------------
Inferred 960,000 450,000 1,160,000
--------------------------------------------------------------
1,650,000 760,000 1,980,000
--------------------------------------------------------------
2,580,000 1,260,000 3,130,000
--------------------------------------------------------------
3,880,000 2,390,000 4,930,000
--------------------------------------------------------------
6,420,000 3,640,000 8,010,000
--------------------------------------------------------------
9,270,000 4,860,000 11,400,000
--------------------------------------------------------------
12,870,000 6,070,000 15,530,000
--------------------------------------------------------------
14,120,000 6,480,000 16,960,000
--------------------------------------------------------------
15,140,000 6,810,000 18,120,000
--------------------------------------------------------------
15,900,000 7,070,000 18,990,000
--------------------------------------------------------------
16,450,000 7,320,000 19,650,000
--------------------------------------------------------------
--------------------------------------------------------
Hugo Cu Copper
South Eqv Tonnage Copper Gold Equiv.
Deposit Cut-off (tonnes) (%) (g/t) (%)
--------------------------------------------------------
Inferred 3.5 5,440,000 3.71 0.25 3.87
--------------------------------------------------------
3.0 11,950,000 3.38 0.21 3.51
--------------------------------------------------------
2.5 22,760,000 3.02 0.18 3.14
--------------------------------------------------------
2.0 38,900,000 2.67 0.15 2.77
--------------------------------------------------------
1.5 69,620,000 2.21 0.12 2.29
--------------------------------------------------------
1.25 128,100,000 1.80 0.10 1.86
--------------------------------------------------------
1.0 203,590,000 1.53 0.09 1.59
--------------------------------------------------------
0.9 243,160,000 1.42 0.09 1.48
--------------------------------------------------------
0.8 317,940,000 1.27 0.09 1.33
--------------------------------------------------------
0.7 413,620,000 1.14 0.09 1.20
--------------------------------------------------------
0.6 490,330,000 1.05 0.09 1.11
--------------------------------------------------------
-----------------------------------------------
Hugo
South Copper Gold Cu Eq
Deposit ('000 lbs) (ounces) ('000 lbs)
-----------------------------------------------
Inferred 450,000 40,000 470,000
-----------------------------------------------
890,000 80,000 930,000
-----------------------------------------------
1,520,000 130,000 1,580,000
-----------------------------------------------
2,290,000 190,000 2,370,000
-----------------------------------------------
3,390,000 280,000 3,510,000
-----------------------------------------------
5,080,000 400,000 5,260,000
-----------------------------------------------
6,860,000 590,000 7,120,000
-----------------------------------------------
7,620,000 730,000 7,940,000
-----------------------------------------------
8,900,000 960,000 9,320,000
-----------------------------------------------
10,370,000 1,210,000 10,900,000
-----------------------------------------------
11,380,000 1,390,000 11,990,000
-----------------------------------------------
Table 5: Mineral Resources at the Total Hugo Deposits on the
Oyu Tolgoi Property as of January 2006 at various Copper
Equivalent cut-off grades
-------------------------------------------------------------
Total
Hugo Cu
Deposits Eqv
On Cut Copper
Oyu Tolgoi -off Tonnage Copper Gold Equiv.
(tonnes) (%) (g/t) (%)
-------------------------------------------------------------
Indicated 3.5 116,500,000 3.78 0.92 4.37
-------------------------------------------------------------
3.0 155,910,000 3.55 0.85 4.09
-------------------------------------------------------------
2.5 196,850,000 3.31 0.79 3.81
-------------------------------------------------------------
2.0 241,420,000 3.06 0.72 3.52
-------------------------------------------------------------
1.5 318,170,000 2.69 0.63 3.08
-------------------------------------------------------------
1.25 387,190,000 2.43 0.55 2.78
-------------------------------------------------------------
1.0 470,000,000 2.18 0.48 2.49
-------------------------------------------------------------
0.9 501,810,000 2.10 0.45 2.39
-------------------------------------------------------------
0.8 530,470,000 2.03 0.44 2.31
-------------------------------------------------------------
0.7 557,030,000 1.96 0.42 2.23
-------------------------------------------------------------
0.6 581,330,000 1.91 0.41 2.17
-------------------------------------------------------------
Inferred 3.5 18,270,000 3.50 0.85 4.04
-------------------------------------------------------------
3.0 36,220,000 3.18 0.72 3.64
-------------------------------------------------------------
2.5 66,250,000 2.80 0.65 3.22
-------------------------------------------------------------
2.0 118,520,000 2.36 0.67 2.79
-------------------------------------------------------------
1.5 233,090,000 1.91 0.52 2.24
-------------------------------------------------------------
1.25 404,080,000 1.61 0.41 1.87
-------------------------------------------------------------
1.0 646,650,000 1.39 0.32 1.59
-------------------------------------------------------------
0.9 754,710,000 1.30 0.29 1.49
-------------------------------------------------------------
0.8 891,300,000 1.22 0.27 1.39
-------------------------------------------------------------
0.7 1,039,900,000 1.15 0.25 1.31
-------------------------------------------------------------
0.6 1,162,050,000 1.08 0.23 1.24
-------------------------------------------------------------
--------------------------------------------------
Total
Hugo
Deposits
On Copper Gold Cu Eq
Oyu Tolgoi ('000 lbs) (ounces) ('000 lbs)
--------------------------------------------------
Indicated 9,710,000 3,460,000 11,220,000
--------------------------------------------------
12,190,000 4,270,000 14,060,000
--------------------------------------------------
14,350,000 4,990,000 16,530,000
--------------------------------------------------
16,270,000 5,620,000 18,730,000
--------------------------------------------------
18,840,000 6,400,000 21,640,000
--------------------------------------------------
20,730,000 6,830,000 23,720,000
--------------------------------------------------
22,630,000 7,210,000 25,780,000
--------------------------------------------------
23,240,000 7,340,000 26,450,000
--------------------------------------------------
23,730,000 7,450,000 26,990,000
--------------------------------------------------
24,130,000 7,540,000 27,430,000
--------------------------------------------------
24,440,000 7,620,000 27,770,000
--------------------------------------------------
Inferred 1,410,000 490,000 1,620,000
--------------------------------------------------
2,540,000 840,000 2,910,000
--------------------------------------------------
4,100,000 1,390,000 4,710,000
--------------------------------------------------
6,170,000 2,580,000 7,300,000
--------------------------------------------------
9,810,000 3,920,000 11,530,000
--------------------------------------------------
14,350,000 5,260,000 16,650,000
--------------------------------------------------
19,730,000 6,660,000 22,640,000
--------------------------------------------------
21,740,000 7,210,000 24,890,000
--------------------------------------------------
24,040,000 7,770,000 27,440,000
--------------------------------------------------
26,270,000 8,280,000 29,890,000
--------------------------------------------------
27,830,000 8,710,000 31,640,000
--------------------------------------------------
Table 6: Hugo North Extension Deposit Mineral Resources
on the Ivanhoe/Entree Shivee Tolgoi Joint Venture Property
as of January 2006 at various Copper Equivalent cut-off grades
----------------------------------------------------------
Class Cu Eq Copper
Cut-off Tonnage Copper Gold Equiv.
----------------------------------------------------------
Hugo North
Deposit on
Shivee Tolgoi (tonnage) (%) (g/t) (%)
----------------------------------------------------------
Inferred 3.5 27,340,000 3.69 1.33 4.53
----------------------------------------------------------
3.0 37,630,000 3.40 1.23 4.18
----------------------------------------------------------
2.5 50,180,000 3.07 1.17 3.82
----------------------------------------------------------
2.0 64,060,000 2.78 1.10 3.48
----------------------------------------------------------
1.5 87,480,000 2.41 0.93 3.01
----------------------------------------------------------
1.25 110,420,000 2.16 0.80 2.67
----------------------------------------------------------
1.0 131,230,000 1.97 0.72 2.42
----------------------------------------------------------
0.9 140,340,000 1.89 0.68 2.33
----------------------------------------------------------
0.8 151,870,000 1.80 0.64 2.21
----------------------------------------------------------
0.7 169,470,000 1.69 0.59 2.06
----------------------------------------------------------
0.6 190,160,000 1.57 0.53 1.91
----------------------------------------------------------
----------------------------------------------------
Hugo North Contained Metal
Deposit on Copper Gold Cu Eq
Shivee Tolgoi ('000 lbs) (ounces) ('000 lbs)
----------------------------------------------------
Inferred 2,220,000 1,170,000 2,730,000
----------------------------------------------------
2,820,000 1,480,000 3,470,000
----------------------------------------------------
3,400,000 1,880,000 4,220,000
----------------------------------------------------
3,920,000 2,270,000 4,910,000
----------------------------------------------------
4,660,000 2,620,000 5,810,000
----------------------------------------------------
5,260,000 2,830,000 6,500,000
----------------------------------------------------
5,690,000 3,020,000 7,010,000
----------------------------------------------------
5,850,000 3,080,000 7,200,000
----------------------------------------------------
6,040,000 3,150,000 7,420,000
----------------------------------------------------
6,310,000 3,200,000 7,710,000
----------------------------------------------------
6,590,000 3,240,000 8,010,000
----------------------------------------------------
Footnotes applying to the tables contained in this release. 1. All Mineral Reserves and Mineral Resources have been calculated in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the standards of the CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument (NI) 43-101. 2. Oyu Tolgoi Mineral Resources are inclusive of Mineral Reserves. 3. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. 4. The key parameters in determining the Mineral Reserves are metal prices of US$400/oz gold and US$1.00 /lb copper, and block value Net Smelter Return (NSR) cut-off grades of US$3.54/t for Southwest Southwest or south west is the ordinal direction halfway between south and west, the opposite of northeast. Southwest or south west may also refer to:
5. For the sake of consistency Consistency can refer to:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the formula Cu Eq equals %Cu + (g/t Aux11.25)/17.64. 6. The contained gold and copper represent estimated contained metal in the ground and have not been adjusted for the metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. recoveries of gold and copper. The determination of an adjustment factor to account for differences in relative metallurgical recoveries between gold and copper will depend upon the completion of definitive metallurgical testing. Indicated and Inferred resources now have been delineated for the open-ended o·pen-end·ed adj. 1. Not restrained by definite limits, restrictions, or structure. 2. Allowing for or adaptable to change. 3. Hugo North Deposit over a strike length extending for more than 2.5 kilometres, of which approximately 1.9 kilometres is on the Oyu Tolgoi Property and 625 metres is on the joint-venture Shivee Tolgoi Property. Four deep-hole-capacity rigs are continuing with infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drilling to upgrade the newly delineated Inferred resources to Indicated resources so that detailed underground mine planning can begin for the Ivanhoe-Entree Gold joint-venture ground. Step-out drilling also is continuing to extend the Hugo Deposit to the northeast “Northeastern” redirects here. For the Boston college, see Northeastern University, Boston. Northeast or north east is the ordinal direction halfway between north and east. It is the opposite of southwest. See boxing the compass. . Hole EGD Esophagogastroduodenoscopy (EGD) An imaging test that involves visually examining the lining of the esophagus, stomach, and upper duodenum with a flexible fiberoptic endoscope. Mentioned in: Bleeding Varices EGD esophagogastroduodenoscopy. 081B, a 750-metre step-out to the north from the most northerly mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. holes (EGD053, 053A & 053B) used in the new resource estimate, intersected 48 metres of weak copper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. beginning at down-hole depth of 1724 metres that grades 0.45% copper and 0.02 g/t gold. The hole was successful in locating the top of the mineralizing system, thereby extending the potential strike length of the Hugo North Extension. Drill hole EGD082A, collared col·lar n. 1. The part of a garment that encircles the neck. 2. A necklace. 3. a. A restraining or identifying band of leather, metal, or plastic put around the neck of an animal. b. 150 metres north of the EGD053 series of holes, was drilled to a depth of 1429 metres and abandoned in a fault zone believed to be at the hanging wall of the deposit. The hole suggests that there has been an apparent left-lateral, structural offset of the deposit and that the deposit potentially could continue an additional 600 metres through to EGD081B. Update: Hugo Dummett Shaft shaft (shaft) a long slender part, such as the diaphysis of a long bone. shaft n. 1. An elongated rodlike structure, such as the midsection of a long bone. 2. No.1 Construction of the surface complex for the No. 1 shaft into the Hugo Deposit at Oyu Tolgoi has been completed. The complex contains the head frame, hoisting room and ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. facilities. The shaft has an inside diameter Inside diameter is the diameter of the addendum circle of an internal gear.1 Notes 1. ANSI/AGMA 1012-G05, "Gear Nomenclature, Definition of Terms with Symbols". of 6.7 metres. Excavation excavation In archaeology, the exposure, recording, and recovery of buried material remains. The techniques employed vary by the type of site, but all forms of archaeological excavation require great skill and careful preparation. of the pre-sink to a depth of 35 metres has been completed and sinking sinking, n a process to relax by focusing attention on points of contact between the body and the surface it lies or stands on and imagining the body sinking down into the support surface, with the rhythmic modulation of breaths. is about to commence towards the planned depth of 1220 metres below surface. Shaft-sinking is expected to be completed in late-2007, with underground drifting and drilling occurring in 2007 and 2008. The work is being performed by the Redpath Redpath may refer to: People:
Qualified Persons The new resource estimates were prepared by Ivanhoe Mines, in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by NI 43-101, and independently supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by AMEC under the direction of Dr. Harry Parker
n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. Blower, P. Geo., both employees of AMEC and independent qualified persons, as defined by NI 43-101. The January 2006 Southern Oyu Mineral Reserve Estimate was prepared by GRD Minproc Limited and details of the parameters used and qualified persons for this estimate are contained in Ivanhoe's news release of January 30, 2006. Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by Forster For·ster , E(dward) M(organ) 1879-1970. British writer whose novels, such as A Room with a View (1908) and Howards End (1910), explore the emotional and moral shortcomings of England's upper classes. , P.Geo., Ivanhoe Mines' Oyu Tolgoi Manager, and Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and Torr, Ivanhoe Mines' Chief Resource Geologist, qualified persons as defined by NI 43-101, supervised the preparation of the information in this release. SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Analabs Pty. Ltd. prepares the split core at the project site and assays all samples at its facility in Ulaanbaatar, Mongolia. Ivanhoe's QA/QC QA/QC Quality Assurance/Quality Control program is monitored by independent consultant Dr. Barry Barry, Welsh Barri, town (1991 pop. 45,053) and port, Vale of Glamorgan, S Wales, on the Bristol Channel. Once a major coal-exporting port, its more diversified export products include cement, flour, and steel products. Smee, P.Geo., and managed on site by Dale Dale , Sir Henry Hallett 1875-1968. British physiologist. He shared a 1936 Nobel Prize for work on the chemical transmission of nerve impulses, particularly for the isolation and study of acetylcholine (1914). Sketchley, M.Sc., P.Geo. Prepared standards and blanks are inserted in·sert tr.v. in·sert·ed, in·sert·ing, in·serts 1. To put or set into, between, or among: inserted the key in the lock. See Synonyms at introduce. 2. at the sample preparation lab on the project site to monitor the quality control of the assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. data. Ivanhoe has a 100% interest in the Oyu Tolgoi Project in Mongolia and owns or controls exploration rights covering approximately 135,000 square kilometres Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
Ivanhoe shares are listed on the Toronto Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol IVN. In addition, Ivanhoe shares will begin trading on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on on February February: see month. 6th. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with securities regulators in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to, fluctuations in copper and gold prices, delays in the planned open-pit feasibility fea·si·ble adj. 1. Capable of being accomplished or brought about; possible: a feasible plan. See Synonyms at possible. 2. and underground pre-feasibility studies, delays in the planned commencement of production at the Oyu Tolgoi project, operational risk, environmental risk, financial risk, geo-political risk, currency risk and other statements that are not historical facts as disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings. Ivanhoe Mines Ltd. (TSX:IVN) (NYSE:IVN) |
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