Ivanhoe Electric reports drill results from program at Hog Heaven project

Ivanhoe Electric Executive Chairman, Robert Friedland and President and CEO Taylor Melvin report recent drill results from the ongoing exploration program at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. Mr. Melvin commented: “We are encouraged by the recent drill results at our Hog Heaven Project in Montana. Our team continues to find widespread mineralization, which appears to remain open in several directions. We believe the data obtained from recent drilling provides evidence of a nearby porphyry source. Additionally, we recently completed a TyphoonTM geophysical survey over parts of the district. The results of the survey, which we will receive in late February, will assist our team in targeting future exploration efforts.” Hog Heaven exploration drilling continues to intersect broad zones of precious and base metal mineralization. The Hog Heaven district consists of several high-sulfidation epithermal mineral deposits and prospects, as well as several historical mines, including the Flathead Mine. The ongoing drill program, which began in June 2023, is designed to search for additional silver, gold, and copper-rich high-sulfidation epithermal mineralization, which was the focus of historical mining activities. Our program is also intended to search for porphyry copper mineralization at depth. Ivanhoe Electric’s current exploration drill program at Hog Heaven, as first reported in our October 2023 news release, has now completed twelve drill holes totaling 10,905 meters. Exploration drilling has stepped out to the west and southwest, where mineralization remains open. One diamond drill rig is currently on site and will operate through the winter as weather permits. Assays have been received for nine holes, with assays pending for three holes in addition to HHD-013, which is currently being drilled.