Indogold's 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).
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.
|
