Sydney, Mar 9, 2011 (ABN Newswire) - Indochine Mining Limited has discovered a new area of gold-bearing quartz veins within the Kratie North Project in central Cambodia.
Multiple sets of outcropping quartz veins have been sampled over 50-100 metre strike length in two locations approximately 500 metres apart. The veins trend east-west, dipping 45 degrees to the south and are exposed in numerous pits and shafts recently opened by local prospectors, where the highest grades appear to over 20-30cm in width where the veins are currently exposed.
Seven grab samples were collected from the veins and host rocks and assayed for gold. The best result returned 42 grams per tonne gold.
The Kratie North Project is a key focus of the expanded exploration program as outlined in the announcement on 11 February 2011. An IP geophysical survey is underway within the gold target areas, together with a detailed mapping and detailed sampling program.
A drill program will commence in mid April, initially for 2000 metres of diamond drilling to test and observe the mineralised structures from the geophysics and geochemistry. RC drilling will follow in the best areas identified. Targets include large scale high grade vein deposits, like Pogo in Alaska.
Indochine has the largest package of gold/copper leases in Cambodia. Final results from the helicopter sampling in the Ratanakiri area are expected soon, where gold and copper targets have already been identified.
For the complete Indochine Mining announcement including figures and tables, please refer to the following link: http://www.abnnewswire.net/media/en/docs/627231.pdf
About Indochine Mining Limited
Indochine Mining Limited (ASX:IDC) is a gold-copper exploration and development company. In Cambodia, it has the largest mining property holding in a country that has had very limited modern exploration, and is within a region known for world-class gold and copper deposits.
In Papua New Guinea (PNG), also known for large gold and copper deposits, Indochine holds an option over a major gold resource at Mt Kare. In Laos, potential exploration areas are being evaluated.
4 comments:
Sad to see the country has full of precious natural resources, is under the dictator controled by Youn. If we had a real independance, real good leader, Cambodia could compare to the advanced country in asia.
i agreed 100% with you. what should our khmer do to protect this from happening????
btw: thanks for Ki-media for posting these yuon slave for our khmer to see themselves. Do we still have more khmer hero(s)? please post more. you are the eyes and ears for our khmer people.KI-Me dia is also our khmer hero. eeyore
mining could be toxic and polluted the environment, however, make sure cambodia have strict law against the discharge of toxic substances into the environment as many people still depend on natural resources for a living, etc, you know!
i'm not against mining in cambodia, i'm against uncontrolled mining, though! there ought to be law to prevent or discourage it from getting out of control, you know! that's all.
Post a Comment