Ivanhoe Electric stock surges on Santa Cruz resource update
Ivanhoe Electric (TSX: IE) 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. This resource update is based on much higher cut-off grades than the 0.39% used in the December 2021 resource statement to account for the consistency and thickness of the higher-grade exotic, oxide and enriched copper domains. The resource…
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