Sydney, Mar 9, 2011 (ABN Newswire) - Indochine Mining Limited (ASX:IDC) 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: