Indiana Resources has started RC drilling at the Minos prospect within its 5,713 km2 Central Gawler Craton gold project in South Australia.

The 15 hole, 2,200m program is designed to better define some of the known high-grade zones and increasing the confidence levels to enable the delivery of a maiden resource.

Drilling to date has outlined a 600-metre strike extent of shallow, near-surface mineralisation.

Previous notable results from Minos include:

    • 38m at 6.54 g/t gold from 29m, including 16m at 13.12 g/t from 37m;
    • 21m at 8.43 g/t from 176m, including 1m at 159 g/t from 185m;
    • 2m at 18.4 g/t from 162m, including 1m at 35.6 g/t from 163m;
    • 26m at 4.28 g/t from 68m, including 3m at 20.21 g/t from 82m;
    • 23m at 6.44 g/t from 186m, including 1m at 118 g/t from 198m; and
    • 10m at 8.83 g/t from 39m, including 3 m at 26.03 g/t from 40m.

Calcrete sampling program underway

The company has also commenced calcrete sampling at the Partridge prospect, the Earea Dam prospect, and the Ealbara prospect to assist with drillhole targeting.

The samples will be analysed for gold and additional pathfinder elements to identify mineralisation and aid lithological mapping.

“The results from our previous drilling programs at Minos have been outstanding and we look forward to increasing our knowledge of the Lake Labyrinth Shear Zone,” Indiana Resources (ASX:IDA) executive chairman Bronwyn Barnes said.

“We are hopeful that the current drilling campaign at Minos and the calcrete sampling will set the foundations for an expanded exploration program in 2022 once all necessary approvals are received, unlocking the potential of the Central Gawler Craton Gold Project.

“We also eagerly await the results from the drilling at Ariadne and Minos completed during November.”

Indiana has additional calcrete sampling programs being proposed to systematically explore the extensive tenement portfolio.

 

 

This article was developed in collaboration with Indiana Resources Limited, 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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