Indiana Resources’ aircore drilling to test multiple Lake Labyrinth Shear gold targets

• Indiana Resources to start initial phase of 5000m aircore drilling at Minos in October
• Drilling will target multiple prospects along Lake Labyrinth Shear Zone in the Gawler Craton
• Prospects returned strong gold-in-calcrete results from regional sampling

Special Report: Indiana Resources plans to carry out aircore drilling at its flagship Minos gold project in October 2025 to test multiple targets along the highly prospective Lake Labyrinth Shear Zone.

This shear zone hosts the Minos prospect where the company has outlined gold mineralisation over a strike length of 650m and to depths of 380m.

Minos sits within the wider Minos Gold Project in South Australia’s Gawler Craton where Indiana holds a large footprint of more than 5700km2.

Indiana Resources’ (ASX:IDA) aircore drilling totalling ~5000m – the initial phase of which will start in early October – will follow up excellent gold-in-calcrete results from regional sampling over the Minos, Ariadne and Company Well prospects.

“Our exploration program in the Gawler Craton is aimed at growing our Minos gold project,” managing director Matthew Bowles said.

“We have assays due in coming weeks from the Minos prospect. This drilling was designed to grow the extent of the known mineralisation and a new drilling program starts next month.

“We are now expanding our exploration focus, with a major drilling program to test multiple compelling targets along the same structural shear which hosts the Minos prospect.”

Other activity

Prior to the start of drilling, IDA plans to carry out detailed calcrete auger sampling program in mid-September at the Earea Dam and Moolkra gold prospects ~23km south of Minos.

This is aimed at refining targets for future follow-up aircore drilling in an area where historical drilling had returned results including 3m at 13.83g/t gold from 39m and 4m at 10.2g/t from 20m.

Assays are also pending from the company’s recent 5500m of RC drilling and 1150m of diamond drilling to test northwest and southeast strike extensions as well as high-grade down-dip extensions of mineralisation at Minos.

Processing and interpretation of a detailed airborne geophysical survey that was completed across the Lake Labyrinth, Earea Dam and Lake Harris blocks in Maybis also underway.

This is aimed at refining geological models and generating new exploration targets.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.