NEWS ROUNDUP — Indochina reports discovery

Vancouver-based Indochina Goldfields (ING-T) has discovered polymetallic mineralization at its Sekatak project in northeastern Kalimantan, Indonesia.

The “potentially significant” discovery consists of a stratabound mineralized zone plus extensive vein and breccia mineralization, which the company believes could be the surface expression of a buried copper-gold porphyry system.

Mineralization occurs primarily as stratabound replacement-style zinc-silver-lead mineralization in a 50-metre-thick horizon that extends over a strike length of at least 1 km. Subordinate to the stratabound mineralization are polymetallic, mesothermal-style, crosscutting veins and breccias hosted in a northwesterly trending zone of calcareous sediments.

So far, 1,000 composite chip samples have been collected and analyzed. A program of geological mapping, soil and rock sampling and drilling is under way.