Introduction

Bhukia has all the geological, geographical, physical and metallurgical attributes to develop into a world class mine. It is endowed with gold and copper, it outcrops, it has substantial widths enabling large open pit mining and the metallurgy is relatively benign.

The project area is centred on the village of Bhukia in Southern Rajasthan. State-sponsored research and exploration was initiated in the early 1990s to follow-up ancient, perhaps +2000 year old gold mining sites around Bhukia, and has continued spasmodically under the auspices of the Geological Survey of India (GSI) and Hindustan Zinc Ltd (HZL). The JV acquired mineral rights in early 2005 and its resulting work, including two campaigns of drilling and acquisition of old data, has resulted in the identification of gold (-copper) mineralisation estimated to be in excess of 1.7 million ounces as previously reported under JORC 2004 guidelines.

In 2014, the Geological Survey of India (GSI) published Bulletin Series A. No. 62 “Bhukia Gold Prospect, Banswara District, Rajasthan” which reports on work undertaken on the Bhukia prospect. This report quotes an “ore resource” of 105.8Mt @ 1.97g/t Au, 0.15% Cu containing 6.7 million ounces of gold and 159,000 tonnes copper. While this is not a mineral resource reportable under JORC 2012 guidelines and there is no guarantee that it will be converted to such a mineral resource with additional work, it is considered to be a good guide for future exploration targeting. The GSI estimates are between the 272m RL and the -120m RL, a vertical extent of approximately 400m and includes the mineralisation that forms the IGL resource estimate reported under JORC 2004 guidelines.

This exciting and emerging new gold district has attributes that allow comparisons with other major, Proterozoic gold provinces around the world, e.g. Telfer (Western Australia), Homestake (USA), and Pilgrims Rest (South Africa). Bhukia is considered to have the potential to become a very large gold project, based on a series of open pit mineable deposits.

IndoGold Ltd has been unable to follow up its initial success due to its Prospecting License (PL) application being stalled since 2008. It has, however, been covered by orders of the High Court of India during the intervening period. The recent change in Government at both State and Federal levels has resulted in very positive moves including the rescinding of the policy that was holding up grant and the marking out of the PL boundaries by a joint company-government team.

New updates coming soon.

Please download the below PDF for more comprehensive information on the Jagpura project.

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