Welcome to Indo Gold
Indo Gold Ltd was established in 2004 to undertake exploration for gold in India, in joint venture with an Indian company holding the mineral rights.
A decision was taken during 2010 to spread the geographic and commodity focus of the company, hence some exciting new exploration developments are now being pursued in other jurisdictions including West Africa (gold) and South Korea (base metals).
The Company was founded by seasoned industry professionals with wide-ranging international experience that has included senior executive positions with Billiton.
The flagship property in India is located in the State of Rajasthan where the joint venture company (70% Indo Gold) has identified 1.74 million ounces of gold to date. The drilling planned to test additional targets has not yet been undertaken due to permitting delays. Elsewhere in India the joint venture is exploring for copper and gold.
Recent developments have been successful in acquiring new exploration properties for molybdenum in South Korea and gold in Ghana and Liberia.
India has been the main focus for Indo Gold’s exploration effort since 2004. The Bhukia deposit has a JORC compliant resource of 38.5Mt @1.4g/t Au containing 1.74Moz gold. The recently granted Malanjkhand project surrounds a government owned porphyry copper-gold system with over 221Mt @ 1.35% Cu.
Following an approach by a Brisbane based geological consultancy during mid-2010, IGL recognised the potential for an integrated molybdenum (Mo) business in South Korea based on the good geological prospectivity for this metal in the country and the high local demand due to the large steel industry. Molybdenum has historically been mined in the country from narrow, high grade vein systems but IGL is focussing on larger scale
During the first half of 2011, Indo Gold has entered into an option to purchase agreement over the Enchi gold project in Ghana and has been granted two Mineral Reconnaissance Licences in Liberia. All have anomalous gold in stream sediment samples and/or artisanal alluvial gold workings.
Through its 100% owned subsidiary Saxony Mines Ltd (SML), IGL has secured rights to over 323km2 of the Erzgebirge (literally “Ore Mountains”) district of Saxony, Germany. Historical (non JORC) estimates of mineralisation within SML’s tenure include over 240,000t tin metal and 23,000t tungsten metal in the ground. if these can be confirmed and brought to JORC compliance, they will represent one of the largest undeveloped tin resources in the world.