Further High Grade Drill Results
Sydney, Nov 2, 2012 AEST (ABN Newswire) - Additional high grade gold and silver drill hole results have been received from Indochine Mining's (
ASX:IDC) Mt Kare gold/silver project in Papua New Guinea (PNG), which include:
Drillhole 147SD12
30 metres (m) at 3.7 grams/tonne (g/t) gold, 96 g/t silver from 7m depth, which includes
7 m at 7.8 g/t gold, 92 g/t silver from 26m to 33m depth downhole, and
30 m at 1.5 g/t gold, 32 g/t silver from 44m downhole, within the Black Zone (BZ).
Drillhole 148SD12
23 m at 3.9 g/t gold, 18 g/t silver from 79m depth downhole, which includes
5 m at 8.7 g/t gold, 10 g/t silver from 96m to 101m depth downhole, and
10 m at 3.0 g/t gold, 13 g/t silver from 130m depth, in the Western Roscoelite Zone (WRZ).
These results complement the consistent medium to high grade gold and silver grades, indicating the very large potential of the project. Drill hole assay results from the last 6 months are tabulated on pages 5 and 6.
"The assay results of drillhole 147SD12 confirm that high grade gold/silver mineralisation extends from surface in the BZ Zone at Mt Kare. High grade zones of this type are the focus of ongoing work being conducted by Indochine, to grow the project resource. Further high grade and 'bonanza' zones are expected to be encountered at Mt Kare, based on a recent exploration review conducted by a consultant with considerable experience at the adjacent world-class Porgera mine", said the CEO Stephen Promnitz.
Results from a further 29 drillholes are pending and are expected to be released over the coming months.
For additional tables and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-704437.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
| ||
|
