Indiana drill program clearing the path to Minos gold resource
Indiana has wrapped up reverse circulation drilling to infill existing drill holes at the Minos prospect and test the mineralised zone at Ariadne.
Samples from the drilling of 19 holes totalling 2,387m at the Central Gawler Craton gold project have been delivered to the laboratory in South Australia with assays expected within four to six weeks.
Indiana Resources (ASX:IDA) notes that of the seven infill holes drilled at Minos, which will also provide further geological information for inclusion in the proposed resource estimate, four were step-outs to test the down-dip extensions of previously reported mineralisation.
Another two other holes targeted the southeastern part of the mineralised zone where previous drilling earlier this year returned 1m at 2.29 grams per tonne (g/t) gold from 73m and 9m at 1.01g/t gold from 105m.
Recent diamond drilling at the Minos prospect had also returned significant gold hits such as 26m grading 3.58 grams per tonne (g/t) gold from 76m, including 2m at 18.9g/t gold from 92m.
Over at Ariadne, the company drilled 12 holes with a focus on the centre of the known gold mineralised zone where many of the historical drill holes were only assayed as 4m composites.
This drilling is aimed at further advance the geological understanding of the nature and geometry of the mineralised zone, and is the first of several planned drilling programs aimed at adding a new potential resource base.
Historical drilling at Ariadne had returned hits such as 8m at 3.12g/t gold from 79m and 12m at 2.27g/t gold from 40m.
This article was developed in collaboration with Indiana Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.