Welcome to Indo Gold
Indo Gold Ltd was established in late 2004 to undertake exploration for gold in India, in joint venture with an Indian company holding mineral and legal rights in trust for the joint venture company.
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 a preliminary JORC (2004)-compliant Inferred Mineral Resource of 38.5Mt @ 1.4 g/t AU (1.74 million ounces of gold) plus an as yet unquantified amount of copper. Additional exploration targets have been identified (and in some instances drill tested by the Geological Survey of India) that suggest potential for at least 5 million ounces gold and possibly over 10 million ounces. The drilling planned to test these additional targets has not yet been undertaken due to permitting delays. The joint venture recently received all bureaucratic approvals for the grant of mineral rights over its flagship project – Bhukia, including the surveying and marking-out of corner pillars for the Prospecting License by a joint government-company team. The formal grant still must go through some procedural steps, including ministerial consents at state and central levels.
In the state of Madyha Pradesh the joint venture company awaits the grant of subsequent mineral rights over geochemical targets generated through earlier reconnaissance exploration. The target is copper-gold of the ancient porphyry style evident at the nearby government-run Malanjkhand copper mine (221 Mt @ 1.35 % Cu). Elsewhere in India, the company is exploring for copper and gold.