Ivanhoe Mines Reports Ongoing Dewatering at Historic Kipushi Mine in DRC Now 76% Complete Toward Initial Objective of Restoring

Ivanhoe Mines Reports Ongoing Dewatering at Historic Kipushi Mine in DRC Now 
76% Complete Toward Initial Objective of Restoring
Underground Access to the Mine's Main Working Level by Year End 
Drilling Expected to Begin in Early 2014 to Confirm and Expand
Kipushi's Bonanza-Grade Zinc and Copper Resources 
LUMUMBASHI, DRC -- (Marketwired) -- 10/30/13 -- Robert Friedland,
Executive Chairman of Ivanhoe Mines (TSX:IVN) (formerly Ivanplats,
TSX:IVP), and Lars-Eric Johansson, Chief Executive Officer, announced
today that the company is on track to achieve its initial objective
of regaining access to the main underground working level of the
historic, high-grade Kipushi Mine in the Democratic Republic of Congo
(DRC) before the end of this year. 
Ivanhoe Mines acquired a 68% interest in the Kipushi Mine in 2011.
The mine's underground workings were extensively flooded during its
previous 18 years of care-and-maintenance as a former state-owned
asset.  
The water level, which at its peak had reached 851 metres below
surface, now has been reduced to 1,100 metres - leaving only a
further 50 metres to be cleared before the main working level at
1,150 metres can be accessed and upgraded. 
To date, approximately 76%of the water that had collected above the
1,150-metre level has been pumped out of the mine. This represents
approximately 63% of all water throughout all levels of the mine.  
Ivanhoe's initial goal is to successfully remove water down to the
mine's 1,150-metre level by the end of December 2013. Ivanhoe then
will be in a position to begin an aggressive underground
diamond-drilling program designed to confirm the mine's estimated,
remaining high-grade resources - which were included in the September
2012 Kipushi Technical Report prepared by IMC Group Consulting - and
to seek to further expand the resources on strike and at depth. 
In addition, Ivanhoe also expects to achieve its objective of
dewatering to the bottom of the ramp decline, at 1,270 metres below
surface, during the first quarter of 2014. 
From its start-up in 1924 as the Prince Leopold Mine, Kipushi
produced a total of 6.6 million tonnes of zinc and 4.0 million tonnes
of copper - from 60.0 million tonnes of ore grading 11% zinc and
approximately 7% copper - until operations were halted in 1993 
due to
political instability. The mine also produced 278 tonnes of germanium
between 1956 and 1978.  
Germanium is a high-tech metal used in light-emitting diodes (LED),
fibre-optic networks, infrared night vision systems and solar cell
applications. The metal is currently trading at approximately
US$1,850 a kilogram.  
Kipushi also contains the Big Zinc, a bonanza-grade zinc deposit
discovered at approximately 1,200 metres below surface in the early
1990s, shortly before the mine's closure. The Big Zinc, which remains
unmined and open to depth, is accessible from existing underground
workings (see accompanying graphic). Based on drilling reports by
state-owned mining company La Generale des Carrieres et des Mines
(Gecamines) multiple steeply dipping exploratory holes have
intersected exceptionally high-grade zinc mineralization, grading 42%
to 45% zinc, between the 1,375-levels and 1,600-metre levels
elevations, with more than 60 metres to 100 metres apparent
thickness.  
Improved supply of electric power assisting in the dewatering effort 
Mr. Johansson said that the reliability of electric power delivered
to Kipushi from the state-owned power grid has been more consistent
since May, greatly assisting in sustaining the dewatering effort. 
"The combination of improved power supply and additional modern,
high-volume pumps has resulted in lowering the mine's water level by
an average of seven to eight metres a week during the past four and a
half months. As the dewatering progresses, the volume of water
remaining in the mine workings diminishes markedly. We are confident
that we will be able to remove all the water in the mine early in
2014." 
Steelwork and equipment are being progressively replaced and upgraded
as the water level drops. New, large-capacity, high-pressure Ritz and
Vogel pumps installed in April 2013 now have raised the pumping rate
to 64,800 cubic metres per day. Additional capacity is being
installed to further increase the pumping rate to a planned 81,600
cubic metres per day.  
Andre Zeelie, Kipushi Project Manager, said that as the mine is
progressively dewatered, the company will undertake a program to
evaluate the option of injecting a Rapid Setting Polyurethane grout
to permanently seal large voids/extreme water ingress and fissure
grouting to significantly reduce the inflow of water into the
underground workings. 
To view the graphics accompanying this press release please click on
the following link: http://media3.marketwire.com/docs/IVN1030.pdf  
Important underground drilling program planned for Kipushi 
The historically-mined deposit at Kipushi is comprised of high-grade
copper-zinc-lead mineralization within the Kipushi Fault Zone, which
has a strike length of 600 metres and previously was mined to a depth
of 1,207 metres below surface. Based on drilling reports by
Gecamines, the Fault Zone is known to extend to at least 1,800 metres
below surface.  
Prior to the 1993 halt of production at Kipushi, Gecamines discovered
and drill-delineated the Big Zinc Deposit, an extremely high-grade,
zinc-rich body. The top of the Big Zinc occurs at approximately the
1,200-metre level and Gecamines' drilling confirmed that it continues
down to at least the 1,640-metre level. The Big Zinc has a strike
length of at least 100 metres, is 40 to 80 metres in true thickness
and is open at depth. 
Ivanhoe's planned 2014 drilling program is scheduled to complete
approximately 100 holes totalling more than 20,000 metres. The
program's primary goals are to: 


 
--  Conduct confirmatory drilling to validate the historical resources
    within the Big Zinc and Fault zones to bring the historical resources to
    current resources under CIM standards. 
--  Conduct extension drilling to test and upgrade the deeper portions,
    below the 1,500-metre level, of the Big Zinc and Fault zones that
    previously were classified as Inferred Resources. 
--  Conduct exploration drilling to test areas that were not evaluated
    historically, such as the deeper portions of the Fault Zone and
    extensions to the high-grade copper mineralization of the mine's
    Northern Deposit. 
--  Obtain large-diameter drill core from the Big Zinc for confirmatory
    metallurgy test work. 

 
New underground drill holes may also provide a platform for
geophysical exploration of Kipushi's deep mineral potential,
leveraging the Ivanhoe Group's proprietary in-house expertise. The
Kipushi deposit has never been evaluated using modern geophysical
techniques. 
Most of the underground infrastructure already is in place to support
the drilling program. The majority of the drilling will be conducted
from sites on the 1,270-level hanging-wall development drift with
metallurgical samples of the Big Zinc taken as soon as the water
reaches the 1,227 level. A 280-metre, step-back extension of the
drift also will be driven to allow the drill crews to test the
down-dip extensions of the Big Zinc and Fault zones.  
Independent consultant MSA Group of South Africa has been appointed
to prepare current estimate of Big Zinc resources to CIM standards
following completion of the confirmation drilling program. 
Mintek, South Africa's national mineral research organization,
recently completed a prelim
inary metallurgical testwork campaign on
existing drill core from the Big Zinc. Comminution testwork indicated
that the material is soft and therefore easy to crush and mill.
Flotation testwork indicated that the material was easily upgradable
to a very high-grade concentrate composition at high zinc recoveries. 
MDM Engineering Group Limited of South Africa has been retained to
complete processing options studies based upon the Mintek
metallurgical testwork.  
Kipushi infrastructure development 
Ivanhoe Mines also has been upgrading and rebuilding Kipushi's
surface infrastructure to support a return to production. Recent
minesite improvement projects include: 


 
--  construction of a bonded warehouse that will be used for site storage,
    maintenance and repair; 
--  installation of safety perimeter fencing to separate the mine's
    operations area from the Kipushi village; 
--  completion of a dewatering sump and trench at the old open-pit area; and
--  renovation of the company offices and surface infrastructure. 

 
Mr. Johansson said that approximately 95% of employees at the Kipushi
Mine are Congolese nationals who previously had worked for Gecamines
when the mine was on care and maintenance. 
"We have been very pleased with the quality and dedication of the
former Gecamines employees who have joined our mine re-development
team." 
About the Kipushi copper-zinc-germanium-lead and precious-metals mine 
The Kipushi Mine is on the Central African Copperbelt in Katanga
province, adjacent to the town of Kipushi and approximately 30
kilometres southwest of the provincial capital of Lubumbashi. Ivanhoe
Mines acquired its 68% interest in the Kipushi Project in November
2011; the balance of 32% is held by Gecamines. 
In addition to the recorded production of copper, zinc, lead and
germanium, historical Gecamines mine-level plans for Kipushi also
reported the presence of precious metals. However, there is no formal
record of gold and silver production; the concentrate was shipped to
Belgium and the recovery of precious metals remained undisclosed
during the colonial era. 
Historical resources estimate  
IMC Group Consulting, which prepared the current Kipushi Technical
Report, considers the historical estimate prepared by Techpro Mining
and Metallurgy in 1997 to be the most relevant and reliable. Techpro
reported the following resources: 


 
-----------------------------------------------------------------------
       Resource Category               Tonnes     Copper %       Zinc %
-----------------------------------------------------------------------
           Measured                 8,899,979         2.53         9.99
-----------------------------------------------------------------------
           Indicated                8,029,127         2.09        24.21
-----------------------------------------------------------------------
             Total                 16,929,106         2.32        16.76
-----------------------------------------------------------------------
           Inferred                 9,046,352         1.93        23.32
-----------------------------------------------------------------------
      Included in Total:                                               
         Big Zinc Zone                                                 
-----------------------------------------------------------------------
           Measured                   793,086         1.16        33.52
-----------------------------------------------------------------------
           Indicated                3,918,366         0.68        39.57
-----------------------------------------------------------------------
     Measured & Indicated           4,711,452         0.76        38.55
-----------------------------------------------------------------------

 
IMC is of the opinion that the Techpro estimate generally is fair and
reasonable for demonstrated (measured plus indicated) resources and
that inferred mineral resource estimates largely represent the
projection of the Kipushi Project fault zone mineralization from the
1500-metre level to the 1800-metre level. 
The Historical Measured and Indicated Resources for the Big Zinc are
stated only to the mine's 1500-metre level. Gecamines' drilling
confirmed that the Big Zinc continues down to at least the
1,640-metre level. 
Gecamines was principally interested in the copper content of the
Kipushi deposit, not its zinc content. As a consequence, Ivanhoe
considers that the density estimation factor used by Gecamines to
calculate resources is approximate and may be inappropriate for the
estimation of zinc in high-grade, iron-poor sphalerite such as occurs
in the Big Zinc, potentially understating the Big Zinc's historical
resources. 
A Qualified Person has not done sufficient work to classify the
historical estimates as current Mineral Resources and Ivanhoe Mines
is not treating such estimates as current Mineral Resources. The
historical estimate was prepared in accordance with the JORC Code.
Ivanhoe Mines will need to validate previous work through new
drilling, sampling, assaying and other procedures to produce a
mineral resource that is current for CIM purposes. 
Further information relating to the historical resource estimate is
included in the Kipushi Technical Report dated September 2012
prepared by IMC and available at www.sedar.com and
www.ivanhoemines.com. 
Qualified Person, Quality Control and Assurance 
The scientific and technical information in this release has been
reviewed and approved by Stephen Torr, P.Geo., Ivanhoe Mines' Vice
President, Project Geology and Evaluation, a Qualified Person under
the terms of National Instrument 43-101. Mr. Torr has verified the
technical data disclosed in this press release. 
About Ivanhoe Mines 
Ivanhoe Mines with offices in Canada, the United Kingdom and South
Africa, is advancing and developing its three principal projects:  


 
--  The Kamoa copper discovery in a previously unknown extension of the
    Central African Copperbelt in the DRC's Province of Katanga. 
--  The Platreef Discovery of platinum, palladium, nickel, copper, gold and
    rhodium on the Northern Limb of the Bushveld Complex in South Africa. 
--  The historic, high-grade Kipushi zinc, copper and germanium mine, also
    on the Copperbelt in the DRC and now being dewatered and upgraded to
    support a future return to production of copper, zinc and other metals
    following a care-and-maintenance program conducted between 1993 and
    2011. 

 
Ivanhoe Mines also is evaluating other opportunities as part of its
objective to become a broadly based international mining company. 
FORWARD-LOOKING STATEMENTS  
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed here and elsewhere in the company's periodic
filings with Canadian securities regulators. When used in this
document, the words such as "could," "plan," "estimate," "expect,"
"intend," "may," "potential," "should" and similar expressions, are
forward-looking statements. Information provided in this document is
necessarily summarized and may not contain all available material
information. 
Statements in this release that constitute forward-looking statements
or information include, but are not limited to: statements regarding
the expectation to complete the dewatering program to the bottom of
the ramp decline at 1,272 metres below surface during Q'1 2014;
statements regarding the target for dewatering to the 1,150-metre
level is expected by the end of December 2013; statements regarding
the company plans to commence its underground drilling program in
early 2014; statements regarding plans to increase the pumping rate
to a planned 81,600 cubic metres per day; statements regarding the
primary goals of the 2014 drilling program; statements regarding the
planned 2014 program entails more than 20,000 metres of drilling in
approximately 100 holes; statements regarding MSA Group being
appointed to prepare an updated resource estimation of the Big Zinc
Deposit; and statements regarding MDM Engineering Group being
retained to prepare a study.  
All such forward-looking information and statements are based on
certain assumptions and analyses made by Ivanhoe Mines' management in
light of their experience and perception of historical trends,
current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
These statements, however, are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information or statements. Important factors that
could cause actual results to differ from these forward-looking
statements include those described under the heading "Risk Factors"
in the company's most recently filed MD&A. Readers are cautioned not
to place undue reliance on forward-looking information or statements.
Contacts:
Investors
Bill Trenaman
+1.604.331.9834 
Media
North America: Bob Williamson
+1.604.512.4856 
Media
South Africa: Jeremy Michaels
+27.11.088.4300
www.ivanhoemines.com
 
 
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