Commences Drilling for Underground Adit Into High Grade Gold Zones
Sydney, Oct 31, 2013 AEST (ABN Newswire) - Indochine Mining Limited (ASX:IDC) (POMSoX:IDC) is pleased to announce that drilling has commenced for the underground adit and portal to access the high grade gold/silver zones at the Company's Mt Kare Gold-Silver Project, PNG.
Following the completion of the institutional component of Indochine's 2 for 5 accelerated Non-Renounceable Entitlement Offer, work has commenced with horizontal drill holes and a laydown area for the adit portal development.
Initial development will be followed by a larger underground drilling campaign, targeted to increase the high grade gold zones to over 1 million ounces at 10 grams/tonne gold during the June quarter 2014.
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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.
Indochine Mining Limited