Hey IDC Holders
Alright! Now that the PFS has been completed by George and the drilling team a brilliant effort in such a short timeframe!
The company can now focus on lifting the JORC Resource into Measured and Indicated, as well as lifting the total resource! The build a Gold JORC Reserve in Q1 2013!
The other focus will be the commencement of the BFS, which is expected to be completed by July/August 2013.
IndoChine found High Grade Gold in every drill hole from drilling during the Quarter!
Remember with the current price of gold 0.2grams per tonne is the cut off profit level.
Compare the grades below with that 0.2gram per tonne break even!
The 3 New Bonanza Zones at Mt Kare will be targeted for drilling by Barrick Gold's Mr Tony "Baby John" Burgess! The man who found 9Million Ounces of Gold at Porgera!
His recent analysis of the 3 New Bonanza Zones clearly shows that it is IDENTICAL SIGNATURE to Porgera's Legendary Zone VII!
Porgera's Zone VII was a small 500metre by 50metre by 40 metre cubed area of incredibly high grade gold! This small area housed 5.1Million Oz of gold!
We have potentially 3 zones that could contain multi million ounces of gold EACH!
We need to remember a JORC Gold Resource of only 6.5Million Ounces would make Mt Kare the SECOND HIGHEST GOLD JORC RESOURCE BEHIND $20BILLION NEWCREST!
The grades of gold sit between 100grams per tonne of gold and 450 grams per tonne of gold!
These grades represent 100 time higher grade gold than what has been announced from prior and current drilling!
There is also gold beneath the current 2.1million ounce resource which will be targeted!
The drill program shows two yellow bonanza drill hole areas, Im pretty sure there will be plenty more yellow dots in the coming months!
The share price in the next few months will begin to reflect the incredible value of the gold and silver that we have at Mt Kare!
Cheers Nectar
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