Commences Drilling for Underground Adit Into High Grade Gold Zones
Sydney, Oct 31, 2013 AEST (ABN Newswire) - Indochine Mining Limited (
ASX:IDC) (POMSoX:IDC) is pleased to announce that drilling has commenced for the underground adit and portal to access the high grade gold/silver zones at the Company's Mt Kare Gold-Silver Project, PNG.
Following the completion of the institutional component of Indochine's 2 for 5 accelerated Non-Renounceable Entitlement Offer, work has commenced with horizontal drill holes and a laydown area for the adit portal development.
Initial development will be followed by a larger underground drilling campaign, targeted to increase the high grade gold zones to over 1 million ounces at 10 grams/tonne gold during the June quarter 2014.
To view the announcement, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IDC-764678.pdf
Contact
Indochine Mining Limited
T: +61-2-8246-7007
F: +61-2-8246-7005
WWW: www.indochinemining.com
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