Hog Heaven, Montana
- History
The Flathead Mine was mined by Anaconda Mining Inc. from 1929 to 1946, producing approximately 241,000 short tons of direct-ship ore averaging 26.6 troy oz/ton silver. Another operator mined the Flathead Mine from 1963 to 1975 producing 49,700 short tons averaging 9.35 troy oz/ton silver. Other previously mined high sulfidation epithermal mineral deposits within the bounds of the Hog Heaven Project include the Ole Hill and West Flathead Mines located 1 mile west of the Flathead Mine; the Margarite Mine, south of Flathead Mine; and the Martin Mine just northwest of Margarite Mine. Ivanhoe Electric’s exploration team believes that the Flathead Mine is part of a much larger mineralized system that has remained unrecognized by past miners and explorers.
- Hog Heaven Project Map
- Drilling Results 2024-12-18
DRILL HOLE FROM (M) TO (M) INTERVAL LENGTH (M) CuEq* (%) AuEq* (g/t) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) Mo (ppm) HHD-001 No Reportable Intercepts HHD-002 No Reportable Intercepts HHD-003 No Reportable Intercepts HHD-004 1190.00 1246.00 56.00 0.20 0.30 0.02 10.62 0.04 0.07 0.11 229 HHD-005 164.00 473.00 309.00 0.75 1.14 0.35 23.04 0.06 0.36 0.55 N/A Including 175.00 250.00 75.00 1.37 2.09 0.31 28.99 N/A 1.10 2.05 N/A Including 188.00 416.31 228.31 0.85 1.30 0.40 28.47 0.07 0.39 0.59 N/A And 518.69 583.00 64.31 0.39 0.59 0.23 9.19 0.13 0.09 0.01 N/A And 901.00 909.00 8.00 1.86 2.84 0.34 23.38 1.32 0.02 0.37 N/A HHD-006 490.00 521.00 31.00 0.75 1.14 0.25 17.27 0.02 0.86 0.66 N/A And 591.40 614.00 22.60 0.68 1.04 0.26 23.48 0.30 0.04 0.01 N/A Including 593.00 595.90 2.90 3.36 5.13 0.78 125.17 1.75 0.70 0.30 N/A HHD-007 141.00 489.00 348.00 0.80 1.22 0.43 40.48 0.08 0.22 0.12 N/A Including 147.80 148.80 1.00 24.61 39.96 5.16 2180.00 0.63 6.00 6.14 N/A And 512.00 579.00 67.00 0.36 0.55 0.26 6.46 0.09 0.15 0.03 N/A And 669.00 695.00 26.00 0.82 1.26 0.23 17.02 0.51 0.07 0.02 N/A HHD-008 406.00 478.00 72.00 0.71 1.09 0.32 30.62 0.12 0.20 0.23 N/A And 543.00 634.10 91.10 0.42 0.64 0.22 14.73 0.11 0.11 0.06 N/A And 654.00 678.00 24.00 0.65 1.00 0.19 49.89 0.09 0.02 0.01 N/A HHD-009 348.00 396.00 48.00 0.52 0.79 0.13 18.84 0.03 0.37 0.47 N/A And 410.00 555.00 145.00 0.62 0.95 0.26 27.47 0.20 0.07 0.01 N/A Including 437.05 438.00 0.95 16.08 24.55 5.39 524.00 7.99 0.15 0.05 N/A And 584.00 634.00 50.00 0.35 0.53 0.14 11.17 0.15 0.02 0.02 N/A And 712.00 785.47 73.47 0.19 0.30 0.07 9.67 0.01 0.08 0.12 N/A HHD-010 219.20 296.00 76.80 0.66 1.05 0.22 18.63 0.03 0.53 0.61 N/A Including 260.70 278.00 17.30 1.12 1.71 0.37 41.38 0.13 0.74 0.67 N/A And 396.00 416.00 20.00 0.69 1.06 0.38 37.02 0.03 0.10 0.21 N/A And 513.80 589.39 75.59 0.68 1.03 0.52 22.50 0.10 0.06 0.08 N/A And 647.00 770.00 123.00 0.35 0.53 0.16 7.22 0.13 0.07 0.10 N/A HHD-011 241.00 451.00 210.00 0.59 0.90 0.49 17.37 0.05 0.12 0.14 N/A Including 407.00 435.00 28.00 1.05 1.60 0.97 32.95 0.08 0.12 0.06 N/A HHD-012 282.12 439.00 156.88 0.61 0.93 0.34 18.77 0.09 0.24 0.22 N/A Including 282.12 330.04 47.92 0.85 1.30 0.40 29.52 0.11 0.40 0.42 N/A HHD-013 No Reportable Intercepts
HHD-014 528.00 556.00 28.00 1.34 2.05 0.59 69.70 0.30 0.06 0.14 N/A Including 544.00 549.25 5.25 3.48 5.31 1.84 184.31 0.58 0.19 0.19 N/A And 568.00 650.00 82.00 1.22 1.87 0.32 37.76 0.63 0.06 0.15 N/A Including 630.55 646.30 15.75 3.40 5.18 0.72 97.06 1.97 0.10 0.28 N/A Including 630.55 634.50 3.95 9.65 14.73 5.78 264.73 2.20 0.13 0.36 N/A Including 631.55 632.68 1.13 17.24 26.31 3.94 519.00 21.70 0.24 0.67 N/A HHD-015 240.07 309.00 68.93 0.78 1.18 0.20 40.20 0.05 0.37 0.50 N/A And 350.00 374.00 24.00 0.82 1.26 0.32 47.15 0.03 0.17 0.43 N/A And 424.00 458.00 34.00 0.53 0.80 0.26 15.45 0.15 0.05 0.20 N/A HHD-016 351.00 411.00 60.00 0.60 0.92 0.31 13.13 0.07 0.55 0.24 N/A And 417.00 466.00 49.00 0.35 0.53 0.26 9.65 0.03 0.08 0.15 N/A And 904.00 930.00 26.00 0.31 0.47 0.05 8.66 0.02 0.17 0.42 N/A HHD-017 755.49 765.00 9.51 2.17 3.32 0.12 127.42 0.45 0.84 1.11 N/A HHD-018 947.00 1233.00 286.00 0.29 0.43 0.14 1.70 0.14 N/A N/A 87.84 Including 947.00 1044.85 97.85 0.40 0.61 0.20 2.79 0.21 N/A N/A 74.21 HHD-019 1172.00 1852.00 680.00 0.20 0.31 0.06 0.96 0.09 N/A N/A 163.53 HHD-020 No Reportable Intercepts HHD-021 No Reportable Intercepts HHD-022 Complete - Assays Pending - Collar Locations Table 2024-12-18
DRILL HOLE STATUS DEPTH (m) AZIMUTH (°) DIP (°) EASTING NORTHING ELEVATION HHD-001 COMPLETE 580.34 275 -50 678352 5309703 1200 HHD-002 COMPLETE 1001.5 270 70 678317 5309025 1151 HHD-003 COMPLETE 1248.76 65 -85 679760 5309704 1067 HHD-004 COMPLETE 1316.13 305 -55 680093 5308712 1027 HHD-005 COMPLETE 1248.76 185 -80 680725 5310624 1250 HHD-006 COMPLETE 773.58 340 -61 680748 5310254 1210 HHD-007 COMPLETE 824.79 210 -75 680727 5310624 1255 HHD-008 COMPLETE 735.18 0 -60 680752 5310259 1226 HHD-009 COMPLETE 785.47 100 -77 680533 5310551 1206 HHD-010 COMPLETE 1212.49 120 -70 680364 5310565 1214 HHD-011 COMPLETE 633.37 70 -65 680360 5310574 1213 HHD-012 COMPLETE 544.37 285 -75 680458 5310455 1181 HHD-013 COMPLETE 1157.63 240 -70 679768 5310382 1111 HHD-014 COMPLETE 864.72 220 -60 680273 5310468 1192 HHD-015 COMPLETE 594.06 250 -60 680273 5310468 1192 HHD-016 COMPLETE 1343.8 305 -80 680372 5310370 1169 HHD-017 COMPLETE 1394.6 310 -75 679466 5309311 1077 HHD-018 COMPLETE 1488.89 30 -85 679466 5309311 1077 HHD-019 COMPLETE 1852.54 215 -85 679563.54 5309388.1 1058 HHD-020 COMPLETE 1571.95 290 -74 679775 5309496 1078 HHD-021 COMPLETE 1441.09 220 -77 679704 5309273.1 1079 HHD-022 RESULTS PENDING 1753.7 32 -75 679489 5309066 1056 - Joint Venture
Ivanhoe Electric and Brixton Metals Corporation (“Brixton”) entered into an earn-in agreement in 2021 covering an area of approximately 24 km2 of the Hog Heaven Project. Under the earn-in agreement, Ivanhoe Electric may earn up to a 75% interest in the Brixton land constituting the Hog Heaven Project by making cash payments totaling $4.5 million and incurring an aggregate of $40 million in exploration expenditures by 2032. Ivanhoe Electric will earn an initial a 51% interest by making a total of $4.5 million in cash payments and incurring $15 million in exploration expenditures.
