China's role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world's leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today.
Additional significant high grade gold and silver drill hole results have been received from Indochine Mining's (ASX:IDC) Mt Kare gold/silver project in Papua New Guinea (PNG).
Indochine Mining (ASX:IDC) drilling has commenced on Bonanza Gold Zones with prior results of more than 100 grams/tonne gold at Mt Kare Gold/Silver Project, PNG. A two part drilling program is aimed to test quartz roscoelite mineralisation which is associated with bonanza gold grades. The close spaced drillholes are aimed to define the structural relationships, the grade and the extent of the quartz roscoelite mineralisation prior to extending the programme further.
Indochine has delivered on its stated targets for the last 18 months. The Company has completed the first ever, publicly released, Pre-Feasibility Study on the major Mt Kare gold/silver project in Papua New Guinea (PNG), as well as the first stage of a landowner investigation study, during recent months. These are major developments and demonstrate rapid progress from the acquisition stage last April 2011.
Cobar Consolidated (ASX:CCU) MD Ian Lawrence is Managing Director of Cobar Consolidated Resources Limited, a company he listed on the Australian Stock Exchange in July 2006, to explore for base metals near Cobar, New South Wales. The Company is currently developing the Wonawinta Silver Project and commenced silver production in July 2012.
Notice is given that an Extraordinary General Meeting of shareholders of Indochine Mining Limited (ASX:IDC) ('Indochine' or 'The Company').
Indochine Mining Limited (ASX:IDC) today announced additional consistent high grade drill hole results from its Mt Kare gold/silver project in Papua New Guinea, with the best result being 42 m at 4.9 g/t gold, 62 g/t silver or 6g/t gold equivalent.
