Quarterly Activities Report
Sydney, Nov 1, 2012 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) announce the Quarterly Activities Report For Quarter Ended 30 September 2012 with the following highlights and achievements.
Mt Kare Project PNG - Pre-Feasibility Study Completed, High Grade Gold Results
- Pre-Feasibility Study (PFS) completed and publicly released 2nd October, after discussions with the regulatory authorities in PNG.
- Bonanza Zones have been identified for detailed drilling in a recent review of activities by an experienced consultant ex-Porgera
- PFS drilling program completed at the end of August 2012, with assay results being progressively released as they are received. Some excellent intersections have been returned from this drilling to date, including:
- 12 metres (m) at 8.0 grams/tonne (g/t) gold, 30 g/t silver from 37m, and 38 m at 20.8 g/t gold, 57 g/t silver from 78 m downhole, which includes 5 m at 120.1 g/t gold, 93 g/t silver from 94 m downhole;
- 32 m at 4.1 g/t gold, 6.0 g/t silver from 35 to 67 m downhole, which includes 4 m at 17.2 g/t gold, 4.3 g/t silver;
- 40.6 m at 3.8 g/t gold, 21 g/t silver from 102m; and
- 52 m at 6.7 g/t gold, 23 g/t silver from 11m depth downhole, including 35 m at 8.1 g/t gold, 19 g/t silver from 11m depth (previously reported).
- Landowner Investigation Study completed at end August with the field results presented to the MRA
Corporate
- Cash position: $ 1.5 million at 30 Sept 2012.
For the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-704103.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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