Significant Visible Gold on New Prospect, 1 Kilometre South of Indochine Mining's (ASX:IDC) Mt Kare Gold/Silver Resource, PNG

Sydney, July 30, 2012 AEST (ABN Newswire) - Visible gold has been identified intermittently over 33 metres of drill core in a new prospect, approximately 1 kilometre south of the current resource, at Indochine Mining's (ASX:IDC) Mt Kare project, in Papua New Guinea (PNG).

A potential new gold discovery has been made in the first new exploration drillhole. Fine grained disseminated visible gold has been identified over 33 metres of drillcore from 170 metres depth downhole and the hole is being extended. The style of mineralisation, within a sheared siltstone/sandstone host, appears to differ from the currently identified resource to the north, although it is interpreted to occur in the same stratigraphic sequence. The core will be prioritised for assay which may take approximately 2 months before results are available.

To view the full Indochine announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/73266-ASX-IDC-687612.pdf

Contact

Indochine Mining Limited T: +61-2-8246-7007 F: +61-2-8246-7005 WWW: www.indochinemining.com