IG Copper LLC owns gold and copper exploration property. IG Copper LLC was formerly known as InterGeo Resources, LLC and changed its name to IG Copper LLC in January 2013. The company is based in Russia.
IG Copper LLC Announces Drill Results
Jan 24 17
Eurasian Minerals Inc. announced initial results from the fall-winter drill program at the Malmyzh copper-gold porphyry project, including the longest mineralized intercept drilled to date on the property. Drill hole AMM-213 intersected 747.4 meters (108.7-856.1 m) averaging 0.49% copper equivalent (0.41% copper and 0.17 g/t gold) principally hosted in phreatomagmatic breccias and diorite porphyries at the Freedom Northwest prospect. The hole doubled the drilled vertical extent of the Freedom Northwest system, while bottoming in mineralization. In addition, reconnaissance drilling at the Sleeper West prospect intersected a shallow zone of 109 meters averaging 0.58% copper equivalent (0.53% copper and 0.09 g/t gold) starting at 13.5 meters in hole AMM-210. Freedom Northwest and Sleeper West are not included in the current Malmyzh resource estimate, which underscores the project's additional exploration upside. The Malmyzh exploration and mining licenses are held by IG Copper LLC (51%) and Freeport-McMoRan Exploration Corporation (49%) (the "Joint Venture"), with IGC operating and managing the project. Earlier drilling at the Freedom Northwest prospect was conducted on a 200 by 400 meter grid pattern, and AMM-213 was the first hole drilled to in-fill at the 200 by 200 meter pattern used to delineate the project's inferred resource deposits. AMM-213 was drilled vertically to 856.1 meters, and intersected copper-gold mineralization dominantly hosted in phreatomagmatic and magmatic breccias, as well as diorite porphyries and lesser hornfels. Previously, the deepest hole at Freedom Northwest was drilled to a maximum vertical depth of 411 meters. Mineralized intercepts from AMM-213 are summarized in the table below (true widths unknown). //st Drill Hole From (m) To (m) Length (m) CuEq % Cu % Au g/t AMM-213 108.7 856.1 747.4 0.49 0.41 0.17 including 114.7 124.7 10.0 0.91 0.86 0.10 including 289.5 325.5 36.0 0.79 0.66 0.26 including 391.5 405.5 14.0 0.66 0.57 0.17 including 435.5 446.6 11.1 0.65 0.56 0.17 including 504.5 537.5 33.0 0.61 0.52 0.19 including 629.4 643.4 14.0 0.63 0.49 0.26 including 723.4 733.4 10.0 0.69 0.52 0.34 including 743.4 769.4 26.0 0.66 0.49 0.34 CuEq% = Cu% + (Au g/t x 0.5). See footnote (1) for more information. AMM-213's 747.4 meter intercept is the longest mineralized interval drilled at Malmyzh to date. The mineralization exhibits increasing gold to copper ratios with depth, which may be a zoning pattern related to a higher grade core of the porphyry system. The hole was terminated due to drill rig and equipment limitations, and bottomed in mineralization (1.4 m interval from 854.7-856.1 m of 0.46% copper equivalent from 0.32% copper and 0.29 g/t gold). The orientations and dimensions of the multi-phase mineralized breccias, which often occur as pipe-like bodies, are currently unknown, but have been intercepted by drilling over an area of approximately one square kilometer. IGC also conducted reconnaissance drilling at Sleeper, Sleeper West and North. At the Sleeper target, three vertical and two angle holes were drilled along a 1,600 meter northwest-southeast trend adjacent and sub-parallel to a broad area of magnetic highs to the west. The holes intersected a combination of phyllically altered diorite porphyry and hornfels units that were weakly to anomalously copper mineralized (i.e., (0.1-0.3% Cu). At Sleeper West, holes AMM-209 and AMM-210 were drilled to test a broad area covered by a copper-in-soil anomaly (100 to) 500 ppm) and magnetic anomalies, with both holes intersecting significant mineralization in altered hornfels and diorite porphyries. In particular, AMM-210 intersected a shallow zone of 109 meters averaging 0.58% copper equivalent (0.53% copper and 0.09 g/t gold) starting at 13.5 meters. AMM-210 was collared near historic Freeport vertical drill hole FMXC-05 (70 meters (14-84 m) @ 0.38% copper &0.14 g/t gold, interpreted as true width), and was angled to extend mineralization to the southwest. At the North prospect, holes AMM-211 and AMM-212 were drilled to follow-up on mineralized holes from the 2011 campaign (AMM-30, -31, and -32), and intersected additional copper-gold mineralization. Notably, the Sleeper West and North drill holes are at prospects over two kilometers away from the nearest resource deposits, further highlighting Malmyzh's upside exploration potential. A summary table of drill intercepts for Sleeper West and North is given in the table below (reported intercepts are interpreted as true widths). //st Drill Hole From (m) To (m) Length (m) CuEq % Cu % Au g/t Comments AMM-209 14.4 28.4 14.0 0.42 0.42 0.01 Sleeper West – Az 230, Incln -70, TD 391.1m.
Amur Minerals Corporation Signs Non-Binding Letter of Intent with IG Copper LLC
Sep 5 16
Amur Minerals Corporation announced the signing of a non-binding Letter of Intent (LOI) with IG Copper LLC (IGC) to investigate potential synergies in processing the companies' respective sulphide concentrates. The LOI was executed on 3 September 2016 at the Eastern Economic Forum in Vladivostok, Russia. Amur plans to create a concentrate treatment facility adjacent the Baikal-Amur Magistral railroad (BAM) to exploit existing transport routes and available hydropower in the region. Amur's Kun-Manie project will likely yield a single concentrate from its nickel-copper sulphide ores for smelting into a saleable Low Grade Matte (LGM). Both Amur and IGC are working closely with the Russian Far East and Baikal Region Development Fund (FEDF). FEDF is dedicated to the development of large scale projects in the Far East to upgrade the social, economic and infrastructural sectors of this vast region. Both companies recognise that substantial work is required to complete final evaluation of the metallurgical recoveries, concentrate generation, transport, and development of final saleable products for their individual projects.
IG Copper LLC Receives Approval to Advance the Malmyzh Copper-Gold Project from the Government Commission on Monitoring Foreign Investment
Jul 25 16
Till Capital Ltd. has reported that one of its privately-held portfolio companies, IG Copper LLC, has received approval to advance the Malmyzh copper-gold project from the Government Commission on Monitoring Foreign Investment (the Commission). Through its wholly-owned subsidiary Resource Re, Till owns approximately 2.42% of IGC on a fully diluted basis. The Malmyzh exploration and mining licenses are held in a joint venture owned by IGC (51%) and Freeport-McMoRan Exploration Corporation (49%), with IGC operating and managing the project. The Commission's approval marks a significant milestone in the development of the Malmyzh project, which will enable the joint venture to retain mining and production rights to this project.