Indiana Resources Limited (ASX: IDA) has commenced a reverse circulation (RC) drilling campaign at the Minos Prospect within Indiana’s 100% owned 5,713 sq. km Central Gawler Craton Gold Project in South Australia.
“It is exciting to be back on the ground at Minos following the extended delay due to heavy rainfall earlier in the year,” Technical Director Felicity Repacholi-Muir said.
“Minos has delivered some impressive gold intercepts and we look forward to increasing our knowledge of the Lake Labyrinth Shear Zone.
“We are eagerly awaiting the results from the calcrete sampling completed in December. Combined with the current drilling campaign, the calcrete results will set the foundations for an expanded exploration programme in 2022 that will help us unlock the full potential of the Central Gawler Craton Gold Project.
“We look forward to implementing our expanded exploration programme once all requisite approvals are received.”
RC Drilling Minos
The planned programme at Minos comprises sixteen drillholes for approximately 2,100 metres. Drilling to date has outlined a 600-metre strike extent of shallow, near-surface mineralisation with the current programme focused on tightening the existing drill density and better defining some of the known high-grade zones which will increase the confidence levels to enable Indiana to deliver a maiden resource estimate.
Previous significant results from Minos include:
• 38m @ 6.54 g/t Au from 29m in Hole LLRCD029 including 16m @ 13.12 g/t Au from 37m;
• 21m @ 8.43 g/t Au from 176m in Hole LLRC041 including 1m @ 159 g/t Au from 185m;
• 2m @ 18.4 g/t Au from 162m in Hole LLRC041 including 1m @ 35.6 g/t Au from 163m;
• 26m @ 4.28 g/t Au from 68m in Hole LLRC025 including 3m @ 20.21 g/t Au from 82m;
• 23m @ 6.44 g/t Au from 186m in Hole LLRC035 including 1m @118 g/t Au from 198m
• 10m @ 8.83 g/t Au from 39m in Hole LLRC042 including 3m @ 26.03 g/t Au from 40m
• 36m @ 2.63 g/t Au from 124m in Hole LLRC069 including 1m @ 12.60 g/t Au from 151m and 1m @ 12.50 g/t Au from 159m
Next Steps
Assay results from the calcrete sampling programme completed in December across the Partridge, Earea Dam and Ealbara Prospects remain outstanding.
Results from this programme are expected to identify further gold anomalies, mineralised trends and assist with drillhole targeting for an expanded exploration programme within the Central Gawler Gold Project once all requisite approvals are received.
For further information please visit: https://indianaresources.com.au/
