Drilling Update - Further Wide Intercepts of Gold at Mt Kare
Sydney, Aug 9, 2012 AEST (ABN Newswire) - Further wide intercepts of gold mineralisation continue to be returned from diamond core drilling at Indochine Mining's (
ASX:IDC) gold/silver project at Mt Kare, in Papua New Guinea (PNG).
Recent best results returned recently include:
Drillhole 131SD12:
- 84 metres (m) at 3.1 grams/tonne (g/t) gold, 19 g/t silver from 24m downhole.
Drillhole 133SD12:
- 52 metres at 6.7 grams/tonne gold, 23 g/t silver from 11m depth downhole, including
-- 35 metres at 8.1 grams/tonne gold, 19 g/t silver from 11m depth (previously reported).
"Most drillhole results are reinforcing the width and consistency of the gold mineralised zones in the Mt Kare resource", said the CEO Stephen Promnitz.
Further results from Drillhole 133SD12 (reported on 24 July 2012) have widened the gold mineralised interval from 35 metres to 52 metres downhole. These results reported here are from the Company's tenth and eleventh drillhole in a drilling programme commenced last November. Results from a further 39 drillholes are pending and are expected to be released over the coming months. In total, 415 diamond drill holes (~67,000 metres) have been completed in the project. The Pre-Feasibility Study (PFS) on the project is due for completion by the end of August, with its public release before 28 September, after discussions with the regulatory authorities in PNG.
To view the full Indochine announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-689121.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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