Indomin adds to Indonesian holdings with two new acquisition gold projects

Junior Indomin Resources (VSE) has applied to expand its gold exploration in central and west Kalimantan.

The two new applications cover about 255,000 hectares and host numerous alluvial gold showings.

Indomin now has five gold projects in Kalimantan, Sulawesi and Irian Jaya, totalling more than 1.7 million hectares.

One of the two new acquisitions is the Putissibau project in central Kalimantan. Indomin holds a 90% interest in the 250,000-hectare project, which is underlain by a known structural corridor with many surface gold showings.

In March, the company will begin evaluating three epithermal gold targets.

The first, measuring 15 km wide by 25 km long, is a northeast-trending belt of Tertiary volcanic feeders cut by northwest-trending faults. This target is said to be in the same geological setting as the Kelian mine of London-based RTZ and Australian-based CRA, the Busang discovery of Bre-X Minerals and Indomin’s Busang North project.

Indomin will also examine several andesitic-to-dacitic volcanic centres that have the potential to host high-level epithermal vein systems similar to those found at the Mt. Muro mine of Australian-based Aurora Gold.

The third target is a 30-km-long zone that cuts a series of metamorphic rocks. The area is known to be a source of alluvial gold.

Indomin’s second most recent acquisition is the West Kalimantan gold project, in which it has a 90% interest.

The 25,000-hectare property has the potential to host porphyry-style mineralization associated with high-level Miocene intrusives. Preliminary assessment of the area has identified at least one highly altered, volcanic plug with abundant silica flooding and pyrite.

Artisinal gold workings are found in sandy sediments on strike from the plug, 5 km away. It is thought the coarse and nugget-like nature of the gold indicates it is eluvial and has not travelled far from its bedrock source. An initial program of mapping and soil geochemistry will begin at the West Kalimantan project next month.