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Sydney, Oct 19, 2012 (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) Reports Very High Grade Gold Results in Drill Core including 38 m at 20.8 g/t gold and 57 g/t silver at Mt Kare Gold/Silver Project, PNG
Very high grade gold results have been reported from wide drillhole intercepts at Indochine's gold/silver project at Mt Kare, in Papua New Guinea , (PNG), which include:
Drillhole 146SD12:
21 metres (m) at 1.8 grams/tonne (g/t) gold, 64 g/t silver from 9 m depth downhole,
12 m at 8.0 g/t gold, 30 g/t silver from 37m downhole, and
38 m at 20.8 g/t gold, 57 g/t silver from 78 m downhole, which includes
5 m at 120.1 g/t gold, 93 g/t silver from 94 m downhole.
"These assay results confirm high grade gold/silver assays in the BZ Zone at Mt Kare", said the CEO Stephen Promnitz. "'Bonanza' zones are expected to be encountered at Mt Kare, based on a recent exploration review conducted by a consultant with considerable experience at the adjacent Porgera mine. He has identified that the high grade zones at Mt Kare have an 'identical signature to the 'bonanza' gold-quartz-roscoelite zones at the neighbouring world-class Porgera gold mine."
Results from a further 31 drillholes are pending and are expected to be released over the coming months. A new approach is being used to increase of the speed of delivery of the remaining assays.
For the full release including tables and charts, please visit;
http://media.abnnewswire.net/media/en/docs/ASX-IDC-701124.pdf
ASX:IDC) Reports Very High Grade Gold Results in Drill Core including 38 m at 20.8 g/t gold and 57 g/t silver at Mt Kare Gold/Silver Project, PNGVery high grade gold results have been reported from wide drillhole intercepts at Indochine's gold/silver project at Mt Kare, in Papua New Guinea , (PNG), which include:
Drillhole 146SD12:
21 metres (m) at 1.8 grams/tonne (g/t) gold, 64 g/t silver from 9 m depth downhole,
12 m at 8.0 g/t gold, 30 g/t silver from 37m downhole, and
38 m at 20.8 g/t gold, 57 g/t silver from 78 m downhole, which includes
5 m at 120.1 g/t gold, 93 g/t silver from 94 m downhole.
"These assay results confirm high grade gold/silver assays in the BZ Zone at Mt Kare", said the CEO Stephen Promnitz. "'Bonanza' zones are expected to be encountered at Mt Kare, based on a recent exploration review conducted by a consultant with considerable experience at the adjacent Porgera mine. He has identified that the high grade zones at Mt Kare have an 'identical signature to the 'bonanza' gold-quartz-roscoelite zones at the neighbouring world-class Porgera gold mine."
Results from a further 31 drillholes are pending and are expected to be released over the coming months. A new approach is being used to increase of the speed of delivery of the remaining assays.
For the full release including tables and charts, please visit;
http://media.abnnewswire.net/media/en/docs/ASX-IDC-701124.pdf
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About Indochine Mining Limited
Indochine Mining Limited (ASX:IDC) 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.
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