Drilling Results with Gold Mineralisation at Mt Kare, PNG
Sydney, Aug 28, 2012 AEST (ABN Newswire) - Drill results with gold mineralisation continue 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:
14 metres (m) at 4.1 grams/tonne (g/t) gold, 18 g/t silver from 108m, for a total interval of
99 metres at 3.2 grams/tonne gold, 19 g/t silver from 23m including
- 84 m at 3.1 g/t gold, 19 g/t silver from 24m (previously reported).
Drillhole 132SD12:
78 m at 6.0 g/t gold, 19 g/t silver from 6m depth downhole, including
- 53.9 m at 8.2 g/t gold, 18 g/t silver from 30m (previously reported).
5 m at 7.4 g/t gold, 32 g/t silver from 91m depth downhole,
1 m at 20.3 g/t gold, 5 g/t silver from 116m depth, and
Drillhole 134SD12:
7 m at 2.6 g/t gold, 51 g/t silver from 15m depth downhole, and
5 m at 1.0 g/t gold, 7 g/t silver from 71m, 5 m at 1.2 g/t gold, 6 g/t silver from 84m, and
3 m at 10.0 g/t gold, 2 g/t silver from 178m.
(Final results are still awaited from 181m in the last mineralised section of the drillhole.)
Further results from Drillholes 131SD12 and 132SD12, reported on 9 August and 24 July 2012 respectively, have widened the gold mineralised intervals. Results from a further 38 drillholes are pending and are expected to be released over the coming months. In total, 427 diamond drill holes (~68,000 metres) have been completed in the project.
The Pre-Feasibility Study (PFS) on the project is due for public release before 28 September, after discussions with the regulatory authorities in PNG.
To view the complete Indochine Mining announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-691702.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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