IDC Explanatory Notes to Resource Update Mt Kare
Sydney, July 10, 2013 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) announces improved project confidence via an updated Mineral Resource for Mt Kare gold/silver deposit, PNG.
The total Mineral Resource is estimated at 42.5 million tonnes (Mt) at 1.54 g/t gold (Au) and 13.5 g/t silver (Ag) for 2.11 million ounces (Moz) gold, 18.4 Moz silver, or 2.45 Moz gold equivalent(1), a 20% increase in gold ounces compared with the prior 2011 resource estimate (Table 1).
The higher confidence Measured and Indicated Resource categories have increased to 28.4 Mt grading 1.68 g/t Au and 17.2 g/t Ag for a total of 1.53 Moz gold, 15.7 Moz silver, or 1.82 Moz gold equivalent(1), a 120% increase in gold ounces compared with the Indicated category in the prior 2011 resource estimate.
To view full explanatory notes, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-744310.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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