President and CEO of Ivanhoe Mines Ltd., and President and CEO of GoviEx Gold Inc., announced today that the first comprehensive field test of the breakthrough ZeusTM geophysical exploration technology has significantly increased the potential for additional resources to be discovered at Ivanhoe’s Oyu Tolgoi Project in southern Mongolia.
Zeus, a proprietary, induced polarization and resistivity (IP) technology, has just completed an expanded IP survey to test the full extent, on strike and at depth, of the 12-kilometre-long chain of copper-gold porphyry deposits that Ivanhoe Mines has discovered at Oyu Tolgoi since 2001. Details in http://www.mineweb.com/mineweb/view/mineweb/en/page72558?oid=93200&sn=Detail .
“Zeus’s advantages over commercially available technology include unprecedented improvements in the signal amplification:reception ratio that translate into greater vertical and horizontal resolution. Zeus has enabled our field teams to accurately map important geophysical anomalies that likely would not be detectable with other existing and competing IP systems. Conducting a detailed exploration survey with Zeus, in areas where the geology is not well understood, gives us unprecedented advantages in the exploration business.” Zeus technology has been designed to enable real-time investigation of targets to extended depths, with increased effectiveness and productivity, through improved resolution of targets and host geology.
Ivanhoe Mines is an international mining company with operations focused in the Asia Pacific region.