SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

From: October 9, 2007

IVANHOE MINES LTD.

(Translation of Registrant’s Name into English)

(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F     o		Form 40-F     þ

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes:     o		No:     þ

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .)

Enclosed:

Press Release

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		October 9, 2007

New copper, gold and molybdenum porphyry discovery
— named the Heruga Deposit — being delineated
on the Ivanhoe Mines-Entrée joint-venture concession,
immediately south of Ivanhoe’s Oyu Tolgoi Project
in southern Mongolia

Ivanhoe has earned an initial 51% interest
in the Ivanhoe Mines-Entrée Gold joint-venture properties

ULAANBAATAR, MONGOLIA — John Macken, President and CEO of Ivanhoe Mines Ltd., and Charles Forster, Ivanhoe’s Senior Vice President of Exploration, Mongolia, today announced results from eight additional drill holes on the newly discovered Heruga copper, gold and molybdenum deposit in southern Mongolia. The Heruga Deposit is on the Javkhlant license, which adjoins the southern boundary of Ivanhoe Mines’ Oyu Tolgoi copper and gold development project. The Javkhlant license is part of the Entrée-Ivanhoe Mines joint-venture agreement area.

Mr. Forster said that the new discovery, previously referred to as the Javkhlant deposit, now has been officially named the Heruga Deposit. The name, proposed by the Buddhist Hamba Lama of Mongolia, means “supreme happiness”. The Heruga Deposit lies within the southwest-trending Oyu Tolgoi structural corridor, approximately five kilometres southwest of the high-grade centre of the Oyu Tolgoi Southwest Oyu copper and gold deposit. Drilling to date on the Heruga Deposit has delineated a 1,100-metre-long coherent zone of molybdenum-rich copper and gold mineralization. A zone of gold-rich copper mineralization lies beneath this molybdenum-rich shell.

The Heruga Deposit was discovered during exploration investigation of an Induced Polarization (IP) anomaly that defines a three-kilometre-long zone of high chargeability along a north-south strike length that is up to 1,000 metres wide. The anomaly tails northeast to the Southwest Oyu deposit on Ivanhoe’s Oyu Tolgoi Property and extends the Oyu Tolgoi structural corridor up to 15 kilometres to the south-southwest.

The presently defined Heruga Deposit is open to the east and to the south. The IP anomaly indicates that the mineralized zone also may continue to the north and to depth below the early holes drilled on the northern-most section, which now appears to have been stopped short of the mineralized zone.

Nineteen drill holes, including daughter holes, now have been completed or are in progress, totalling 21,000 metres on six section lines at the Heruga discovery, spaced at 200- to 300-metre intervals along a 1,400-metre strike length of the anomaly. Significant copper, gold and molybdenum mineralization has been intersected in drill holes on five contiguous sections, representing 1,100 metres of continuous strike length.

Four drill rigs are drilling on the Heruga Deposit, including a recently collared hole 200 metres south of the presently defined mineralization.

Ivanhoe now has an initial 51% interest on Ivanhoe-Entrée Gold joint-venture properties

Mr. Forster also confirmed that Ivanhoe Mines now has earned a 51% participating interest in the Ivanhoe-Entree joint venture, which covers approximately 40,000 hectares of Entrée’s 100%-owned Shivee Tolgoi Property (which includes the Javkhlant license), adjacent to Ivanhoe’s Oyu Tolgoi Property. Ivanhoe has earned the 51% interest by completing more than US$20 million of aggregate earn-in expenditures on the joint-venture properties to date. Ivanhoe intends to continue incurring earn-in expenditures in accordance with the terms of the joint-venture agreement with a view to increasing its participating interest in the project. Subject to Ivanhoe spending a total of US$35 million on exploration and/or development on the joint-venture properties prior to November 2012, Ivanhoe will earn:

•

a 80% participating interest in all minerals extracted below a sub-surface depth of 560 metres on the optioned property; and

•

a 70% participating interest in all minerals extracted from surface to a depth of 560 metres.

Ivanhoe also owns approximately 15% of the outstanding shares of Entrée Gold. Ivanhoe’s strategic partner in the development of the Oyu Tolgoi Project, Rio Tinto, owns approximately 16% of the outstanding shares of Entrée Gold.

Highlights of the drilling

Hole EJD0015 intersected 512 metres grading 0.47g/t gold, 0.37% copper and 91 ppm molybdenum, starting at 856 metres down hole, including 122 metres grading 0.96g/t gold, 0.30% copper and 8 ppm molybdenum starting at 1,246 metres down hole. Hole EJD0015 is 300 metres south of previously announced hole EJD0007, which intersected 242 metres grading 0.13 g/t gold, 0.63% copper and 329 ppm molybdenum, starting at 898 metres down hole. A daughter hole, EJD0015A, being drilled approximately 100 metres east of hole EJD0015, is currently at a down-hole depth of 1,308 metres and has been in moderate copper mineralization similar to hole EJD0015 from a down-hole depth of 1,050 metres.

Three hundred metres south of hole EJD0015, hole EJD0014 intersected 298 metres of moderate mineralization averaging 0.29 g/t gold, 0.62% copper and 229 ppm molybdenum starting at 636 metres down hole. The hole passed through a fault at 934 metres which down drops weaker mineralization along the west side of the deposit. To date, no drill holes have been collared east of EJD0014 on this section.

A further 300 metres south of hole EJD0014, hole EJD0012 intersected 166 metres grading 0.28 g/t gold, 0.85% copper and 422 ppm molybdenum, starting at 620 metres down hole. Two hundred metres east of EJD0012, hole EJD0013 was collared to test down-dip to the east. Hole EJD0013 intersected 454 metres averaging 1.43 g/t gold, 0.50% copper and 178 ppm molybdenum, starting at 790 metres down hole. This intersection includes 164 metres grading 2.92 g/t gold, 0.64% copper and 199 ppm molybdenum starting at 994 metres down hole, including a single, 2-metre interval of 51.6 g/t gold, 0.77% copper and 20 ppm molybdenum and 42 metres grading 2.35 g/t gold, 0.33% copper and 9 ppm molybdenum starting at 1,202 metres down hole.

A daughter hole was cut from hole EJD0013 at a depth of 600 metres to test for mineralization between 80 and 100 metres up dip. This daughter hole, EJD0013A, intersected 294 metres averaging 0.55 g/t gold, 0.52% copper and 183 ppm molybdenum starting at 800 metres down hole, including 68 metres averaging 1.26 g/t gold, 0.62% copper and 101 ppm molybdenum from 970 metres down hole. A second daughter hole, EJD0013B, is being drilled down-dip of EJD0013 and is at a current depth of 1,095 metres. This hole has been in visually moderate to strong chalcopyrite mineralization since a down-hole depth of 980 metres. Assays have been received down to a depth of 776 metres, with the bottom 62 metres averaging 0.28/t gold, 0.69% copper and 263 ppm molybdenum.

In the southern-most section, 200 metres south of holes EJD0012 and EJD0013, hole EJD0009 intersected 501 metres averaging 0.30 g/t gold, 0.50% copper and 183 ppm molybdenum starting at 662 metres down hole, and included 305 metres grading 0.41 g/t gold, 0.58% copper and 223 ppm molybdenum starting at 853 metres and continuing to the bottom of the hole. Hole EJD0017A, a re-drill of hole EJD0017 from 509 metres, was collared 200 metres east of EJD0009. The hole, which is drilling at a down-hole depth of more than 1,300 metres in visually strong chalcopyrite with minor bornite mineralization, has intersected 334 metres, starting at 740 metres down hole, grading 0.32 g/t gold, 0.63% copper and 269 ppm molybdenum, including 106 metres averaging 0.31 g/t gold, 0.82% copper and 325 ppm molybdenum from 968 metres down hole. At a down-hole depth of 1,074 metres, the hole has intersected 36 metres of 0.81g/t gold, 0.72% copper and 54 ppm molybdenum, with assays pending below this. This gold-rich intersection appears to represent the start of a gold-rich zone lying below a clearly defined molybdenum shell delineated in holes EJD0009 and EJD0017A.

The actual true thickness of the individual intersections is not clearly understood at this early stage in the exploration as the full geometry and orientation of the deposit is not fully defined. On sections where two or more drill holes have intersected mineralization, such as EJD0009 and EJD0017A, the apparent thickness or horizontal width of the zone extending from a known geological fault boundary to 100 metres east of the eastern most hole, EJD0017A, is at least 400 metres, with a vertical extent of up to 500 metres. On sections, where only one hole has intersected the zone, such EJD0007 and EJD0014, and no holes have been drilled on the eastern side, it is not yet possible to determine the true thicknesses and depths of the intersections, or the orientation of the mineralization.

Discussion of the drilling results

The discovery of the Heruga Deposit marks a new style of molybdenum-rich mineralization not previously encountered on the Oyu Tolgoi trend. While no age dating has been done yet on this mineralization, the deposit is hosted by late-Devonian basaltic volcanics and quartz monzodiorite that are nearly identical to the host rocks of the Oyu Tolgoi deposits. The structural corridor that bounds the Heruga Deposit also is flanked by Devonian and Carboniferous volcanic rocks similar to the Oyu Tolgoi structural corridor. The three-kilometre stretch between Southwest Oyu and Heruga is cut by two east, north-east-trending, late block faults that appear to have down dropped the intervening ground, and perhaps the southern continuation of the gold-rich Southwest Oyu deposit, toward the newly discovered Heruga deposit.

In all, the Oyu Tolgoi trend, including the Heruga Deposit and an area of lower-grade copper and gold mineralization — known as the Airport North zone (discovered in 2006), approximately ten kilometres northeast of the Hugo Dummett deposit and on the same structural corridor — now has a strike length in excess of 20 kilometres. In addition, the “trend” has been well defined by the regional gradient array IP surveys conducted by Ivanhoe’s geophysical team led by the company’s chief geophysicist, Grant Hendrickson, P.Geo. The IP has located four chargeability anomalies along the trend line extending approximately 15 kilometres south southwest into Ivanhoe’s 100%-owned exploration tenements from the Heruga discovery, which are untested by drilling.

The Heruga Deposit has been cut longitudinally by a north-south fault, referred to as the Bor Tolgoi Fault, with an apparent 500-metre, west side down-sense of movement. The most northerly intersection into the deposit in hole EJD0007 is clearly on the west side of this fault. Three hundred metres to the south of hole EJD0007, hole EJD0011 intersected the same fault at a depth of 550 metres and intersected molybdenum-rich mineralization starting at 1,008 metres grading 0.31 g/t gold, 0.45% copper and 212 ppm molybdenum, also on the west side of the fault. Holes EJD0015 and 0015A, collared 200 metres to the east of hole EJD001, are clearly on the east side of the fault and have intersected strong gold mineralization underlying the molybdenum-rich zone. The 298-metre intersection in hole EJD0014, a further 300 metres south of hole EJD0015, also was cut off at the bottom by the same fault, while the 166-metre intersection in hole EJD0012 was similarly cut off by the Bor Tolgoi fault.

Lying beneath the presently defined 1,100-metre-long zone of molybdenum-rich copper, gold mineralization is a gold-rich zone of mineralization as defined in EJD0015, EJD0013 and EJD0017A. The potential for a continuation of this gold-rich mineralization north to EJD0007, on the east side of the Bor Tolgoi Fault, is a clear exploration target that will be tested with future drill holes, as will the entire eastern side of the deposit east of the current drill holes. The potential southern strike extent is now being tested with a recently started hole, EJD0019, collared 200 metres south of EJD0017A.

Table of selected mineralized intervals from the Heruga deposit

Hole Number		From				To				Interval				Au				Cu				Mo				Cu Eq*
		(m)				(m)				(m)				(g/t)				(%)				(ppm)				(%)
EJD0007			898				1140				242				0.13				0.63				329				1.00
including			898				940				42				0.11				0.65				181				0.88
including			940				1042				102				0.14				0.81				443				1.29
including			988				1020				32				0.15				1.01				644				1.67
			1056				1072				16				0.20				0.87				491				1.42
			1154				1308				154				0.24				0.46				172				0.76
including			1154				1190				36				0.18				0.64				297				1.01
including			1222				1308				86				0.33				0.49				162				0.84
EJD0009			662				1163				501				0.30				0.50				183				0.85
including			858				1163.2				305.2				0.41				0.58				223				1.03
including			894				946				52				0.34				0.72				419				1.30
including			968				1102				134				0.56				0.71				257				1.30
including			998				1040				42				0.65				0.89				327				1.59
including			1134				1163.4				29.4				0.51				0.59				116				1.01
EJD0011 *			1008				1266				258				0.31				0.45				212				0.83
including			1008				1044				36				0.25				0.71				472				1.28
including			1190				1220				30				0.62				0.65				269				1.28
including			1234				1266				32				0.56				0.67				149				1.15
			1486				1552				66				0.66				0.68				77				1.16
			1580				1620				40				0.63				0.52				34				0.95
EJD0012			620				786				166				0.28				0.85				422				1.39
			954				962				8				7.07				0.14				5				4.63
EJD0013 *			790				1244				454				1.43				0.50				178				1.56
including			790				854				64				0.24				0.83				456				1.38
including			874				906				32				0.23				0.88				414				1.38
including			994				1158				164				2.92				0.64				199				2.67
including			1128				1130				2				51.6				0.77				20				33.52
			1158				1186				28				1.20				0.30				9				1.07
			1202				1244				42				2.35				0.33				9				1.83
EJD0013A *			634				800				166				0.23				0.40				153				0.68
			800				1094				294				0.55				0.52				183				1.03
including			800				828				28				0.17				0.95				500				1.49
including			862				1068				206				0.71				0.57				167				1.16
including			970				1038				68				1.26				0.62				101				1.51
including			1080				1094				14				0.69				0.72				392				1.50
EJD0013B *			602				608				6				0.05				0.93				420				1.32
			716				778				62.0				0.28				0.69				263				1.10
			778				1024							pending
EJD0014 *			636				934				298				0.29				0.62				229				1.00
EJD0015 *			856				1368				512				0.47				0.37				91				0.75
			936				1002				66				0.44				0.60				235				1.09
			1174				1198				24				0.98				0.61				113				1.33
			1246				1368				122				0.96				0.30				8				0.91
EJD0015A *			726				902				176				0.16				0.31				71				0.47
			902				1008				106			pending
EJD0017A *			740				1074				334				0.32				0.63				269				1.06
Including			764				778				14				3.08				0.31				54				2.31
			968				1074				106				0.31				0.82				325				1.29
			1074				1110				36				0.81				0.72				54				1.28
			1110				1204							pending

* Note: Copper Equivalent estimated using $1.15/lb copper, $500/oz gold and $10/lb molybdenum .

* Additional to Entrée Gold’s release dated October 3, 2007.

Additional drill results and sections from the Heruga Deposit will be posted to the Ivanhoe Mines website at www.ivanhoemines.com.

Qualified Persons

Charles Forster, P.Geo., Ivanhoe Mines’ Oyu Tolgoi Exploration Manager, Stephen Torr, P. Geo., Ivanhoe Mines’ Chief Resource Geologist, and Robert Cann, P.Geo., Entrée’s Vice-President, Exploration, all qualified persons as defined by NI 43-101, supervised the preparation of the information in this release. SGS Mongolia Llc. prepares the split core at the project site and assays all samples at its facility in Ulaanbaatar, Mongolia. Ivanhoe’s QA/QC program is monitored by independent consultant Dr. Barry Smee, P.Geo., and managed on site by Dale Sketchley, M.Sc., P.Geo. Commercially prepared standards with molybdenum values equivalent to the grades encountered in the Heruga Deposit drill holes and blanks are inserted at the sample preparation lab on the project site to monitor the quality control of the assay data.

Ivanhoe Mines shares are listed on the Toronto, New York and NASDAQ stock exchanges under the symbol IVN.

Information contacts

Ivanhoe Mines Investors Relations: Bill Trenaman; Media: Bob Williamson +1.604.688.5755

Forward-Looking Statements — This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Readers are referred to the sections entitled “Risk Factors” in Ivanhoe Mines’ periodic filings with Canadian and US Securities Commissions.