IDC indochine mining limited

Hey GuysLooking at IDC’s quarterly report, we should begin to...

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    Hey Guys

    Looking at IDC’s quarterly report, we should begin to see announcements in the coming weeks for the first 3 holes they drilling.

    As part of this 10,000m drilling program that started in November 2011, there are another 23 holes planned to be drilled.

    What is unique and very advantageous for IndoChine, is the fact that the Mt Kare tenement and gold exploration project they bought from Administrators in 2010 for $27million in cash and IDC shares to the landowners, had already been extensively drilled.

    The blue dots represent some of the 365 drill holes that Buffalo and Madison Minerals drilled over a 10 year period, IndoChine has yet to announce any new drilling assays. Everything that has been announced to date, is old drilling results and even the 2.1million ounce gold resource was calculated only using the old data. IndoCHine’s targeted gold drilling results are expected to be released in the next 4 weeks, judging from their quarterly announcement.

    All IndoCHine is doing, is twinning or replicating the previous high grade drilling program, they are not drilling in a greenfield location that has never been touched before and could lead to a hit or miss scenario. These guys are shooting fish in a barrel here! Golden fish!

    We just need to sit back and watch this magnificent project come alive in coming months, as they continue to drill and build their gold JORC resource and complete the engineering study for the PFS.




    You can see from the hit and miss drilling from the past that Madison and Buffalo spent $60m and 10 years to complete allows IndoCHine to focus only on the high grade gold areas of Mt Kare. EG the coloured bits below and above!

    It is the most cost effective method to drill! The $8-9million they are spending drilling and analysing the dirt will hit gold and ultra-high grade gold every time!






    Cheers Nectar
 
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