Hey IDC Holders
The market is starting to wake up to our Mt Kare Monster!
Proactive Investors has again covered IndoChine's latest announcement from Mt Kare!
I love our constant comparison between Mt Kare and the 28 Million ounce Behemoth Porgera 15km away!
As well as Mr Promnitz's comparison in presentations stating...same rocks, same metalurgy.....same structures!
Bring on the other 40 drill holes to come!
Cheers Nectar
Monday, July 30, 2012 by John Phillips
Indochine Mining discovers visible gold at new prospect near 28Moz Porgera mine
Indochine Mining (ASX: IDC) continues to have exploration success in Papua New Guinea, and today delivered visible gold intermittently over 33 metres of drill core in a new prospect.
The core will be prioritised for assay - with results expected in around two months.
What the intercept means is that Indochine potentially has made a new gold discovery in just the first hole of a drill program.
The prospect is located one kilometre south of the company's Mt Kare project, which currently hosts a JORC Resource of 1.8 million gold ounces at 1.9g/t, with a high grade zone of 700,000 gold ounces at 3.7g/t.
What makes the Indochine story even more interesting is the location - with the Barrick Gold (NYSE: ABX) Porgera 28 million gold ounce mine nearby.
Porgera is one of the tenth largest gold mines in the world, having produced 17 million ounces in the past 21 years. Another plus for Indochine, is that Mt Kare is hosted in the same host rocks / ore types as Porgera.
http://www.proactiveinvestors.com.au/companies/news/31826/indochine-mining-discovers-visible-gold-at-new-prospect-near-28moz-porgera-mine-31826.html
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