Drilling has begun at Indiana Resources’ Central Gawler Craton gold project in South Australia, with 19 holes planned for the shallow, high grade ‘Minos’ and ‘Ariadne’ prospects.

Minos is located within the Lake Labyrinth Shear Zone (LLSZ), a 30km long regional structure at least 50 to 100 metres wide that the Indiana (ASX:IDA) believes has acted as a ‘pathway’ for ore forming fluids.

However, because the entire area is covered by at least 1 to 2 metres of soil and calcrete, the only surface expression of mineralisation within the main LLSZ near Minos is at Ariadne. The rest is essentially unexplored.

This new drilling campaign will follow up previous drilling at Minos which pulled several super thick, high grade and shallow hits like 38m at 6.54 g/t Au from 29m (including 16m @ 13.12 g/t gold from 37m).

The planned seven-hole program will ‘infill’ the existing drill hole coverage and provide further geological information for inclusion in the proposed resource estimate for Minos.

Four of the seven planned drill holes are ‘step-outs’ to test for extensions to previously reported mineralisation.

Twelve holes are also planned for the Ariadne prospect, about 700m away.

Indiana Resources

Minos to Ariadne – significant drilling results.

The drilling program at Ariadne will focus on the centre of the known gold mineralised zone where many of the historical drill holes were only assayed as 4m composites.

Previous intercepts here include 8m @ 3.12g/t gold.

This will be the first of several planned drilling programs at Ariadne to add to a potential resource base for the Minos-Ariadne area, IDA says.

“The results to date from our successive drilling programs at Minos have been outstanding and we look forward to the results from further drilling at Minos which will add to the existing drilling database and the aim of producing a maiden resource estimation,” IDA executive chairman Bronwyn Barnes says.

“We believe there is significant potential to discover further mineralised zones along the Lake Labyrinth Shear Zone and the company is well funded to ramp up exploration once all necessary approvals are received.”

Several other high potential targets remain within the tenement portfolio and the company is working through land access requirements to expand its exploration footprint in this exciting region.




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.