Hey IDC Holders
Yet again our XStrata Drill team, has found more High Grade Gold and SIlver on Mt Kare!
Since the price of gold is so high, even 0.2grams per tonne of gold is profitable and is being used by gold mining companies as cut off grades.
Now compare these 0.2Grams Per Tonne Cut Off Grades to what IndoChine Mining is finding in Mt Kare.....and we haven't hit the Bonanza Zones yet.....
We also need to remember that for every 19grams tonne of silver, this equates to the same value of 1gram a tonne of gold.
DRILL HOLE:
154SD12 11Metres @ 6grams/tonne gold + 54 grams tonne silver
+12metres @ 5 grams/tonne gold + 76grams tonne silver
153SD12 7metres @ 1.8grams tonne of gold + 12grams tonne silver
152SD12 24Metres @ 1gram tonne of gold + 21 grams tonne of silver
We have 21 drill holes to be announced between tomorrow and January 31st.
This will then be followed by a JORC Resource Upgrade, which means we will have an increase in the Measured and Indicated Categories of our Resource.....which will then lead to a Gold Reserve....which is what financial institutions lend/invest against "the value of the gold and silver"!
If you look at the image of Mt Kare and the outlines of the gold zones the three yellow/red lines represent approximately where the Bonanza Zones are. Dr Burgess is directing our drill team that Mr Promnitz was able to hire, who have been drilling for XStrata for the last 3-4 years!
The current 2.1Million Ounce Gold JORC Resource is made up of ONLY the historic drilling.....all of IndoChine's Drilling, 7000metres of drilling will be added to the resource and used to lift the Resource into Measured and Indicated in 5-6 weeks time!
We have a lot of milestone and exciting events coming up. As more and more milestone events are achieved bringing in significant inflows of investments, the share price will lift to where it will better reflect the value of the current JORC, as well as Future Gold Production :)
Previous presentation from IDC shows that they will be targeting the Bonanza Gold Area in the WRZ just beneath the current resource pit outline. If you notice it is very close to the surface, less than 200metres.
And if you compare it to our 28Million Ounce Big Brother Porgera, that was created in the same volcanic event, Mt Kare sits 500metres vertically higher.....and all previous and current drilling has only gone down 300metres....
It is these three Bonanza Zones that will be the game changer! Dr Burgess who worked at Porgera and found 10Million ounces of gold there has stated that Mt Kare's 3 New Bonanza Zones that are being drilled now are IDENTICAL TO PORGERA'S LEGENDARY ZONE VII!
As stated by Mr Promnitz in the Resource Stocks Magazine interview, a small area on Mt Kare of "100metres long by 100metres by 40 metres can quite easily yield 1,000,000 ounces of gold" and most probably more!
Porgera's Zone VII, in a small 500metre by 50metre by 40metre block held 5.1Million Ounces of Gold in it.......
This is why it is important IMHO people have finished investing in IDC as soon as they can.
No one knows what the announcement will be that will be the catalyst for the share price to spike to new highs. What we do know is that there is a lot of very positive news coming out over the next 5-6 weeks that could trigger this move.
The best time for the last 50 years for a gold mine to go live is right now! And Mt Kare is shaping up to being one of the last Great Massive Gold Deposits!
Cheers Nectar
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