Indochine: Consistent high grade drill results confirm potential of
Mt Kare gold/silver project – 42 metres at 4.9 g/t gold
Indochine Mining Limited (ASX:IDC) today announced additional consistent high grade drill
hole results from its Mt Kare gold/silver project in Papua New Guinea, with the best result
being 42 m at 4.9 g/t gold, 62 g/t silver or 6g/t gold equivalent.
‘These results reinforce the exciting potential of our Mt Kare project,’ said Indochine’s CEO
Stephen Promnitz. ‘They complement the consistent drill results released previously and
confirm that high grade gold/silver mineralisation extends from the surface in the BZ zone.
‘We are continuing to work on high grade zones of this type in order to increase the
project’s resource. We expect to encounter further high grade and ‘bonanza’ zones at Mt
Kare, based on a recent review by a consultant with considerable experience at the adjacent
world-class Porgera mine.’
The results announced today include:
Drill hole 149SD12:
9 metres (m) at 9.3 grams/tonne (g/t) gold, 54 g/t silver from 116m depth downhole, with
3 m at 25.0 g/t gold, 100 g/t silver from 116 m and
13 m at 1.0 g/t gold, 28 g/t silver from 132 m downhole, within the BZ.
Drill hole 150SD12:
44 m at 2.0 g/t gold, 93 g/t silver from 3 m depth downhole, including
12 m at 3.7 g/t gold, 88 g/t silver from 32 m depth downhole and
4 m at 5.8 g/t gold, 84 g/t silver from 53 m depth downhole, including
1m at 21.8 g/t gold, 100 g/t silver from 53 m depth downhole and
42 m at 4.9 g/t gold, 62 g/t silver from 62 m depth down hole, including
23 m at 7.4 g/t gold, 58 g/t silver from 78 m depth downhole, within the BZ.
Results from a further 27 drill holes are expected to be released over the coming months.
Indochine: Consistent high grade drill results confirm potential...
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