Indochine to start 'bonanza' hunt

HIGH grade assay results keep flowing in for Indochine’s Mt Kare project in Papua New Guinea with two double-digit intersections grading more than 6 grams per tonne gold starting from depths of less than 30m.
Indochine to start 'bonanza' hunt Indochine to start 'bonanza' hunt Indochine to start 'bonanza' hunt Indochine to start 'bonanza' hunt Indochine to start 'bonanza' hunt

The standout result was a 10m intersection at 6gpt gold starting from just 7m downhole. This same hole also clocked up an 11m intersection grading 6.4gpt gold starting from a 25m depth.

A separate hole scored a 32m intersection at 4.1gpt gold starting from a 35m depth, which included a 4m interval at 17.2gpt gold.

Another hole hit a 42m intersection at 2gpt gold from just 20m down, which included a 15m stretch at 3gpt gold.

Yet another hole landed 35m at 2.5gpt gold starting just 7m away from the surface while the last significant hole of the recent results notched up a 25m intersection at 2.7gpt gold from a 30m depth which included a 16m interval at 3.6gpt gold.

Results are still pending for another 36 holes with the project set to expand its existing resources of 1.8 million ounces of contained gold.

A new drilling program is also in the works, which will be led by former Porgera mine geo Tony Burgess.

Indochine revealed that Burgess had identified three high grade zones which could potentially host bonanza-level gold, perhaps as good as Porgera's legendary Zone 7 (5.1Moz at 27gpt gold in 5.8 million tonnes).

"Burgess believes the high grade zones are ‘bonanza gold occurrences' with ‘an identical signature to the bonanza quartz roscoelite zones at Porgera' which includes Zone VII," Indochine said.

"A considerably improved geological model is being prepared which will drive the drill targeting, defined by the onsite team and Mr Burgess, including new areas not adjacent to current mineralisation."


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