Ivanhoe Electric Inc. reported recent drill results from the ongoing exploration program at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. 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. Ivanhoe Electric's current exploration drill program at Hog Heaven, as first reported in October 2023 news release, has now completed twelve drill holes totaling 10,905 meters. Hog Heaven plan map showing Ivanhoe Electric drill hole locations, historical mine workings, and historical drilling.

Drilling results to date expand high-sulfidation mineralization and provide evidence to support the existence of a porphyry deposit. Ivanhoe Electric's drilling around the Flathead Mine has intersected precious and base metal-bearing high-sulfidation ep epithermal mineralization over broad zones, generally as intersected in HHD-005, through to HHD-009. These results are punctuated by narrow veins and massive sulfides, often with exceptional silver and gold grades, including in hole HHD-007, which returned a one-meter vein containing 2,180 g/t silver and 5.16 g/t gold.

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