Prospect in Rajasthan, comprising 502 metres of Reverse Circulation Percussion (RC) and 602 metres of Diamond Drilling (DD) has confirmed extensive, near surface gold (copper) mineralisation.
• 53 m @ 2.52 g/t Au, 0.18% Cu
• 54 m @ 2.31 g/t Au, 0.25% Cu
• 32 m @ 1.95 g/t Au, 0.17% Cu
• 39 m @ 1.98 g/t Au, 0.12% Cu
• 102 m @ 1.45 g/t Au, 0.07% Cu
This work represents an exciting new discovery in an emerging, recently recognised major gold province.
Indo Gold Limited (IGL) is an unlisted, privately funded Australian exploration and development company focused on gold and related metals exploration in India. IGL currently has 12,800,000 Ordinary Shares and 3,000,000 Options on issue.
Its primary property is the Jagpura Project in Rajasthan, where the Bhukia Prospect forms part of the tenement holding. The project area is held in joint venture with an Indian private company, Metals Mining India Pvt. Ltd. (MMI). IGL’s Indian subsidiary, Indo Gold Mines Pvt Ltd (IGMPL), holds 70% of the joint venture, with MMI holding the balance of 30%.
Including the granted tenement and those under application, the total landholding is 2,135 km2, covering most of a new gold province identified by exploration undertaken by government agencies since the early 1990s, most notably the Geological Survey of India (GSI) and Hindustan Zinc Ltd (HZL).
This past work identified multiple gold and copper prospects across a Lower Proterozoic belt dominated by carbonates, calc-silicates, quartzites, schists and gneisses bearing similarities to the Broken Hill (NSW) and Eastern Succession (Mt. Isa, Queensland) blocks.
Showings are reported over a strike length in excess of 60 km, all within the Company’s
tenements. Using systematic exploration and grid-based diamond drilling, this past work has identified gold resources at only one prospect so far – Bhukia. This is the site of ancient gold workings, perhaps dating back many centuries or even millenia.
IGL’s ongoing work at Jagpura is moving towards the implementation of a major resource drill-out programme over this large, low grade gold (copper) system.
Through its joint venture with MMI, IGL has exploration applications pending in other States of India. All these are targeted at highly prospective gold or gold-copper occurrences identified through past exploration work of government geological agencies.
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