Indochine Mining Accelerates Drilling at PFS Stage‎
Indochine Mining Limited announced that it was working aggressively on its pre-feasibility study as it drilled targets destined to improve current resources levels at its Papua New Guinea property. The Australian listed company has three drill rigs in operation at present for this purpose.
Stephen Promnitz, the Chief Executive Officer of Indochine Mining said that they were entering an exciting period with considerable news flow anticipated over the next 9 months from drill results and from the PFS study.
He also said that the drilling, helicopter and camp support have improved greatly this month. The local community and residents have also pledged their support for the mining project that they have undertaken at the Mt Kare project.
Mt Kare is located 15 km away from Barrick Gold’s Porgera mine. The Porgera mine is considered to be one of the biggest gold mines in the world. Since Mt Kare has similar geology and structures to Porgera the company hopes that it will also have similar ore types. The potential for a large open cut mine at Mt Kare is being considered in the pre feasibility study.
Indochine Mining hopes that the already existing infrastructure in the region will make it an easy mine to develop. The company is a gold and copper exploration and development firm which has a world class property that it hopes to develop in Cambodia as well. In addition to the Papua New Guinea project it is exploring potential properties in Laos as well.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
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