Consistent High Grades in Drilling Confirm Potential of Mt Kare Gold/Silver Project
Sydney, Nov 14, 2012 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) today announced additional consistent high grade drill hole results from its Mt Kare gold/silver project in Papua New Guinea, with the best result being 42 m at 4.9 g/t gold, 62 g/t silver or 6g/t gold equivalent.
'These results reinforce the exciting potential of our Mt Kare project,' said Indochine's CEO Stephen Promnitz. 'They complement the consistent drill results released previously and confirm that high grade gold/silver mineralisation extends from the surface in the BZ zone.
'We are continuing to work on high grade zones of this type in order to increase the project's resource. We expect to encounter further high grade and 'bonanza' zones at Mt Kare, based on a recent review by a consultant with considerable experience at the adjacent world-class Porgera mine.'
The results announced today include:
Drill hole 149SD12:
9 metres (m) at 9.3 grams/tonne (g/t) gold, 54 g/t silver from 116m depth downhole, with
- 3 m at 25.0 g/t gold, 100 g/t silver from 116 m and
13 m at 1.0 g/t gold, 28 g/t silver from 132 m downhole, within the BZ.
Drill hole 150SD12:
44 m at 2.0 g/t gold, 93 g/t silver from 3 m depth downhole, including
- 12 m at 3.7 g/t gold, 88 g/t silver from 32 m depth downhole and
4 m at 5.8 g/t gold, 84 g/t silver from 53 m depth downhole, including
- 1m at 21.8 g/t gold, 100 g/t silver from 53 m depth downhole and
42 m at 4.9 g/t gold, 62 g/t silver from 62 m depth down hole, including
- 23 m at 7.4 g/t gold, 58 g/t silver from 78 m depth downhole, within the BZ.
Results from a further 27 drill holes are expected to be released over the coming months.
View the full Indochine Mining announcement including further Tables and Figures at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-706328.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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