• Indiana reports up to 7428ppm TREO and 3643ppm MREO at Central Gawler Craton project
  • REE target area of 6km long x 4.5km wide remains open in all directions
  • Results will be used for metallurgical test work and to inform future drilling

 

Special Report: Indiana Resources says assays from RC drilling at the Minos prospect within its Central Gawler Craton exploration project in South Australia have returned up to 7428ppm total rare earth oxide and up to 3643ppm magnetic rare earth oxides.

The company holds around 5713km2 between the historic gold mining centres of Tunkillia (965,000 ounce gold resource) and Tarcoola (15,800 ounce gold resource).

While mining in the region has historically focussed on gold, there are exciting rare earth opportunities to be found – evidenced by the latest impressive results from Indiana’s RC drilling of eight holes for 576m.

The results have confirmed the continuity and high-grade of the mineralisation and provided additional sample material for metallurgical test work.

High-grade clay hosted total rare earth oxides and magnetic rare earth oxides results include:

  • 35m at 1215ppm TREO and 375ppm MREO from 42m (24LLAC001) including 15m at 1959ppm TREO and 610ppm MREO from 43m
  • 23m at 1583ppm TREO and 502ppm MREO from 43m (24LLAC004) including 11m at 2487ppm TREO and 831ppm MREO from 44m
  • 13m at 2223ppm TREO and 475ppm MREO from 41m (24LLAC006) including 6m at 4123ppm TREO and 865 ppm MREO from 42m
  • 18m at 1829ppm TREO and 477ppm MREO from 36m (24LLAC002) including 11m at 2586ppm TREO and 684ppm MREO from 38m
  • 20m at 1497ppm TREO and 562ppm MREO from 48m (24LLAC007) including 1m at 4165ppm TREO and 2,109ppm MREO from 57m;
  • 27m at 1,310ppm TREO and 408ppm MREO from 39m (24LLAC008) including 12m at 2080ppm TREO and 678ppm MREO from 43m.

 

More drilling planned for November

The company says these latest results have significantly increased the confidence in the current geological interpretation, and they will also be used to optimise the spacing of future drilling campaigns.

“Minos continues to demonstrate its potential to host both high-grade REE and gold mineralisation, with these latest drilling results confirming the high-grade and continuity of the REE mineralised zone in focus,” Indiana Resources (ASX:IDA) executive chair Bronwyn Barnes said.

“Supported by the recent beneficiation test results, the REE potential at Minos is clear and we are planning drill programs for November that will follow up both gold and REE potential and will be looking to expand our knowledge of Minos and the broader Lake Labyrinth Shear Zone.”

Notably, earlier this month the company reported initial hydrometallurgical test work produced 90.5% TREE, 87.8% heavy REE and 90.8% light REE recovery.

Future work will include infill RC, metallurgical diamond drilling, along with more hydrometallurgical test work later this year.

 

 

 

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.

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