Quarterly Activities March 2013
Sydney, May 1, 2013 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) announce the Quarterly Activities for the period ending March 2013, including the Mt Kare Gold/Silver Project PNG
Confirmation of Bonanza Gold Zones In High Grade Drill Results
Bonanza Zone Drilling Programme
The Bonanza Zone drilling programme has confirmed that two targets host bonanza-type gold mineralisation - in the BZ and WRZ. Highlights include:
21 metres (m) at 33.8 grams/tonne (g/t) gold
Within 49 m at 22.3 g/t gold; 71 g/t Ag (from 63 m, 183SD12);
Including 5 m at 105 g/t gold.
7 m at 35.2 g/t gold; 83 g/t Ag;
Within 29.9 m at 9.6 g/t gold, 55 g/t Ag (from 61 m, 185SD12);
14 m at 15.3 g/t gold, 9 g/t Ag (from 36 m, 188SD13);
Including 7 m at 23 g/t gold.
The highest grade intercepted was 1 m at 200 g/t gold (183SD12).
2012 Drill Programme
Final assay results were returned from the last of the 58 drill holes (7,790 m) in the 2012 Drill Programme which confirmed the project's potential and will lead to an upgrade in the resource mid-year. This programme and the Bonanza zone drilling has achieved a number of key outcomes:
- Confirmation of historical high grades;
- Grades are similar or higher than previous drill results;
- Results provide increased confidence in the resource potential;
- Recent bonanza results should increase total contained gold;
- Results underpin the reclassification of material from inferred to indicated and measured status in a planned resource upgrade.
Best results from the 2012 drill programme include:
17.7 m at 100.3 g/t gold, 34 g/t Ag (from 59 m, 122SD11);
38 m at 20.8 g/t gold, 57 g/t Ag (from 78 m, 146SD12);
78 m at 6.0 g/t gold, 19 g/t Ag (from 6 m, 132SD12);
52 m at 6.7 g/t gold, 23 g/t Ag (from 11 m, 133SD12);
36.4 m at 6.2 g/t gold, 232 g/t Ag (from 56.8 m, 123SD11);
The highest grade intercepted was 1 m at 1,335 g/t gold (122SD11).
To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-733106.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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