Release: PT Inco: Monthly exploration report
Wednesday, October 13 2004 - 02:17 AM WIB
Jakarta, October 11, 2004 -- PT International Nickel Indonesia Tbk. (PT Inco) is reporting that the exploration activities for the month of September 2004 is continue to focus on the area within the Contract of Work.
Exploration Area:
o Bahodopi in Central Sulawesi
o Matano area in South Sulawesi
Total Cost:
Estimated at US$86,100
Exploration Method:
o Core drilling HQ-3 size + 8" Large diameter drilling (for Bahodopi only)
o Bahodopi will be followed by metallurgical test/smelting test
Exploration Contractor:
The exploration is conducted by third parties and supervised by PT Inco
Testing Results:
o Both Bahodopi and Matano area are still in progress, the field activities moved as per the target and we are waiting initial assay from the holes completed.
o Petea is on the second test
Action Plan:
The activity is still ongoing.(end of release)