Ivanhoe Electric stock surges on Santa Cruz resource update. miningnews
Ivanhoe Electric has provided an updated mineral resource estimate for the Santa Cruz copper project located west of Casa Grande, Arizona, which now includes the first resource for the East Ridge deposit directly adjacent to the Santa Cruz deposit and for the Texaco deposit approximately 1.6 km to the northeast.
Project-wide contained copper in inferred resources also grew to 1.8 million tonnes , including 1.2 million tonnes of soluble copper. The initial East Ridge and Texaco resource estimates reflect limited portions of the historically defined areas of mineralization, and represent what Ivanhoe Electric has delineated within the past six months.
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