Quarterly Activities and Cashflow Report March 2012
Sydney, April 30, 2012 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) is pleased to provide its Quarterly Activity Report for the quarter ended 31 March 2012.
Highlights & Achievements
PNG Project Development - Drilling Confirms High Grade
- High grade gold & silver mineralisation confirmed; Assays up to 12 metres (m) at 10 grams/tonne (g/t) gold within a 36m zone at 6 g/t gold, 232 g/t silver; 27 holes with assays pending.
- First phase PFS drill campaign completed for 3450 metres (29 holes), mainly for metallurgical test work; Second phase infill & extension drilling commenced; Three drill rigs currently operating.
- Pre-Feasibility Study (PFS) well advanced with initial mine plans, pit shells and infrastructure, due for completion August 2012.
- Potential for high grade open cut gold mine being investigated.
Cambodia - Gold in Vein Samples
- Rockchip assays from gold-bearing veins in the Kratie North area returned 10 - 114 g/t gold in 30 samples.
Corporate
- Cash position: $3.4 million at 31 March 2012.
- Discovery Award - Asia Mining Awards, Hong Kong, in recognition of gold veins discovered in Cambodia & the re-awakening of Mt Kare.
To view the complete Indochine Mining Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-676791.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
| ||
|
