Indiana Resources Limited (ASX: IDA) has received high-grade assays results from the Reverse Circulation (RC) drilling campaign completed at the Minos Prospect and the Ariadne Prospect within Indiana’s 100% owned 5,713 sq. km Central Gawler Craton Gold Project in South Australia.
A total of 17 drill holes for 2,599m were completed at Minos and Ariadne in August, with the programme primarily designed to extend the mineralised envelope by testing the extension of the known strike towards the northwest and tighten the existing drill density of the Minos mineralisation.
Drilling continues to deliver outstanding gold intersections and improves confidence of the continuity of the gold zones at the Minos and Ariadne Prospects within the Lake Labyrinth Shear Zone (LLSZ). Gold mineralisation remains open along strike in both directions and at depth.
“Outstanding drill results continue from RC programmes at Minos underlining the consistency of gold mineralisation in what we believe to be a large system that remains open along strike and at depth,” CEO, Richard Maish, said.
“These results demonstrate that the system at Minos continues to deliver high grade results and that the LLSZ has the potential to host a large significant gold bearing system. We look forward to furthering our understanding of this historically under-explored region in the future.”
Minos-Ariadne Results
The August RC drilling programme at Minos comprised 15 drill holes (LLRC094 to LLRC098 and LLRC101 to LLRC110) for a total of 2,319m designed to test the extension of the known strike towards the northwest and tighten the existing drill density.
Step out drilling intersected significant zones of veining, shearing and alteration corresponding with the planned target zones.
The results received from the August programme confirm the company’s geological interpretation and reinforces the LLSZ as a significant gold bearing system. Significant results include:
• 10m @ 4.40g/t Au from 123m in LLRC102 including 2m @ 17.70g/t Au from 123m
• 15m @ 1.97g/t Au from 91m in LLRC095
• 3m @ 6.68g/t Au from 210m in LLRC104 including 1m @ 19.00g/t Au from 210m
• 12m @ 1.67g/t Au from 89m in LLRC103
• 8m @ 2.26g/t Au from 181m in LLRC105
• 1m @ 28.3g/t Au from 169m in LLRC098
Gold mineralisation at Minos remains open along strike in both directions and at depth. Drilling to date has outlined a 600-metre strike extent of shallow, near-surface gold mineralisation. Significantly the intercept in LLRC102 appears to be a new zone of high-grade mineralisation that remains untested on adjacent sections.
At the Ariadne prospect, two drill holes (LLRC099 and LLRC100) were completed for a total of 280m to test the orientation of the gold mineralisation at depth identified from historical workings.
Gold mineralisation has previously been identified in an intense alteration system adjacent to a prominent, unmineralised massive quartz zone referred to as the Quartz Unit. Results from Ariadne were of a lower tenor than expected and further geological mapping and modelling will be completed at the prospect to guide further exploration.
Previous significant results from Minos include:
• 38m @ 6.54 g/t Au from 29m in LLRCD029 including 16m @ 13.12 g/t Au from 37m;
• 21m @ 8.43 g/t Au from 176m in LLRC041 including 1m @ 159 g/t Au from 185m;
• 2m @ 18.4 g/t Au from 162m in LLRC041 including 1m @ 35.6 g/t Au from 163m;
• 26m @ 4.28 g/t Au from 68m in LLRC025 including 3m @ 20.21 g/t Au from 82m;
• 23m @ 6.44 g/t Au from 186m in LLRC035 including 1m @118 g/t Au from 198m
• 10m @ 8.83 g/t Au from 39m in LLRC042 including 3m @ 26.03 g/t Au from 40m
• 36m @ 2.63 g/t Au from 124m in LLRC069 including 1m @ 12.60 g/t Au from 151m and 1m @ 12.50 g/t Au from 159m
Next Steps
Indiana is planning to resume RC drilling in early December at Minos in order to increase the understanding of the scale of the LLSZ potential focused on Minos. Auger soil geochemistry in the Minos-Ariadne corridor is also planned to test both across and along strike for additional drill targets.
For further information please visit: https://indianaresources.com.au/
