Do you think the company will awaken the sleeping Giant?
$3Billion to $5Billion Asset Potential for Mt Kare.......time will tell once the JV Strategic Partner is signed on by Dermott McVeigh and Sir Sam Jonah and drilling commences to lift the total resource and grade in 2015!
1 of the 8 Bonanza Gold Zones is equivalent to 6 English Premier League Football fields
Compare WRZ North to other world class deposits.....there are another 7 zones like WRZ in Mt Kare
Mammoth in Mammoth Country!
A larger Gold System than Porgera! Don't Forget Barrick Gold paid $9Billion to Placer Dome for Porgera in 2006 when the Gold Price was only $950/Oz.
"...
The study aimed at defining the deposit’s highest grade zones likened Mt Kare, which currently shows grades of 2 grams/tonne, to the nearby Porgera deposit operated by Barrick Gold. “Both deposits share the same age and style of mineralization within the same structural corridor,” said Anthony Norman. Porgera has produced 17 million gold ounces to date, with a further 6.2 million ounces in proven and probable reserves.
Tony Burgess was senior geologist at Porgera under its ownership by Placer Dome, acquired by Barrick in 2006 for $9 billion. He is credited with adding more than 9 million ounces to Porgera’s reserves, applying the same method of focusing on select, high grade zones.
Indochine is currently drilling an underground adit at the property ahead of an aggressive drilling campaign that aims to delineate 1 million gold ounces at 10 grams/tonne by June 2014, within the company’s existing 2.1 million ounce resource.
The adit will give the company access to the highest grade heart of the deposit, circumventing the cost of air-dropped drill rigs and allowing bulk samples from Mt Kare’s widest veins. Western Australian drilling specialist ACM, which bought an 8.3% stake in Indochine after visiting the property, began drilling the adit in October. Underground drilling at the high grade core is due to begin in March...."
IDC Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
