Gold Mineralisation Continues in Drill Results at Mt Kare Gold/Silver Project, PNG
Sydney, Sep 12, 2012 AEST (ABN Newswire) - Gold mineralisation continues in drill results at Indochine Mining's (
ASX:IDC) gold/silver project at Mt Kare, in Papua New Guinea (PNG). Recent results include:
Drillhole 135SD12:
- 18 metres at 3.0 grams/tonne (g/t) gold, 24 g/t silver from 18m downhole, and
- 40.6 metres at 3.8 grams/tonne gold, 21 g/t silver from 102m, which includes
-- 2 metres at 31.8 grams/tonne gold, 43 g/t silver from 136m.
Drillhole 135SD12 was terminated at 142.6m within a gold mineralised interval due to broken ground conditions. An adjacent prior drillhole (MK06-84) had intersected what is interpreted to be the same zone, with results of 112 metres at 5 grams/tonne gold (93-205m), which included 25m at 14g/t gold. Drillhole 177SD12 was targeted to re-drill this zone.
Results from a further 37 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.
View the complete Indochine announcement including Tables and Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-694231.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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