PT Inco: December 2009 exploration report
Wednesday, January 13 2010 - 02:52 AM WIB
(Jakarta, January 12, 2010) ? PT International Nickel Indonesia Tbk (?PT Inco?) is reporting that the exploration activities for the month of December 2009 continue by focusing on areas inside the Contract of Work area.
Exploration Area: Petea in East Luwu Regency, South Sulawesi
Total Cost: Approximately US$ 146,100
Exploration Method: The Petea Project uses the core drilling HQ-3 method for geostatic drilling program and space 25m
Exploration Contractor: Sorowako Project is jointly carried out by PT Inco and third parties
Testing results: Testing results are in the process of reserve estimation calculation by using block modeling method in Sorowako
Action Plan:
- Sorowako Project Area 25m spaced drilling continued in Petea area with 4 rigs
- All drillings are planned to obtain complete literate profile. (end of release)