Sydney, Australia, Jan 10, 2013 - (ABN Newswire) - Drilling has advanced in bonanza gold zones at Indochine Mining's (ASX:IDC.AX - News) Mt Kare gold/silver project in PNG. Four drill holes have been completed with results expected from late January onwards.
More gold assays from the 2012 drilling programme have been received. Best results are 10 metres (m) at 6.3 grams/tonne (g/t) gold, including 5m at 10 g/t gold.
Bonanza Zone Drilling
Four close-spaced drill holes have been completed to define the extent of the quartz roscoelite bonanza gold zone within the BZ Zone at Mt Kare, around drillhole 122SD11. One further hole is underway and will complete the BZ investigation at this stage. High grade 'bonanza' zones of this type are the focus of ongoing work, to grow the project resource, under the guidance of Tony Burgess, a consultant with considerable experience at the adjacent world-class Porgera Mine. Next week, a series of drillholes will commence on a separate bonanza gold zone within the WRZ Zone at Mt Kare. Initial drill results from these Bonanza Zones are expected from late January onwards.
2012 Drill Programme Results
Best recently received results from the 2012 drill program include:
9 metres (m) at 4.2 grams/tonne (g/t) gold, 11 g/t silver from 92m depth downhole, including
3 m at 9.9 g/t gold, 15 g/t silver from 96 m downhole (WRZ Zone).
10 m at 6.3 g/t gold, 6 g/t silver from 20 m downhole, including
5 m at 10.2 g/t gold, 4 g/t silver from 20 m down hole, within the WRZ Zone.
Twenty three drillholes (275 samples) with silver assays over 100 g/t silver are being re-assayed from the BZ and WRZ Zones, including three drillholes with very high silver values of 400 to >1500 g/t silver, with results expected in a few weeks.
Final drill results from 2012 drilling are expected to be released by the end of January.
View the Indochine Mining announcement at the link below:
About Indochine Mining Limited:
Indochine Mining Limited (ASX:IDC.AX - News) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding in a country that has had very limited modern exploration, and is within a region known for world-class gold and copper deposits.
In Papua New Guinea (PNG), also known for large gold and copper deposits, Indochine holds an option over a major gold resource at Mt Kare. In Laos, potential exploration areas are being evaluated.
Indochine Mining Limited T: +61-2-8246-7007 F: +61-2-8246-7005 WWW: www.indochinemining.com
Indochine Mining Limited
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