idc's mt kare vs barrick's 30mill oz porgera!

Hey Guys

IndoChine has just released an update to the market about their Mt Kare 2.1Million Oz Eq. Gold Deposit. With a very impressive comparison to Barrick Gold's 30 Million Ounce gold Deposit 15km away!

IndoChine has already completed a large portion of the Prefeasibility Study which is expected to be completed by August 2012.

The PFS is one of the major milestones which will provide significant market cap increase for IndoChine.

Right from the beginning of this project, Mt Kare has been compared to its sister the 30 Million Ounce Porgera deposit which is only 15km away. The same fault line exists at both Mt Kare and Porgera. They both share the same rocks, the
same structures, but the advantage we have, is that Mt Kare is starting 500m higher than Porgera. Buffalo's drilling only went down 350metres, the gold deposits in PNG, including IDC's sister Porgera, reach depths of 1,000 metres....

And we have a proven gold resource in this area which is 500m higher than Porgera, because it was drilled by Buffalo and Madison.

The high grade results show that when the drill rig stopped 350m deep, there was gold at the bottom of the hole (Open at Depth), and there was gold along the length of the deposit (Open along strike) .....

If you compare the drilling above, here is a photo of Mt Kare from the side, which shows where the gold lies.

For the first time, IDC hints at a Gold Mine location.....

They also state for the first time, after the BFS is completed, they will aim at starting a gold mine....

The previous drilling makes it easy for IndoChine to target the same holes and validate that the ultra high grade gold is there, from the previous drilling by Buffalo.

We have a very experienced team working at Mt Kare.

Now have a look at how over sold IndoChine is, because of the fears in Europe over the last 7-8 months.

Incredible potential as they meet each milestone over coming months for multiple reratings and share price increases!

I hope that helps, and explains why I'm so excited about this company. And why this isn't just rehashing the same old thing....


This is just my opinion. DYOR.

Cheers Nectar