Indiana Resources ready to go with diamond drilling at Minos
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Indiana Resources (ASX: IDA) has diamond drill rigs ready to turn at its Minos prospect in South Australia to identify the structural orientation of the project’s high-grade veins.
It is the most advanced target along the 30km strike of Indiana’s Central Gawler Craton gold project.
Nine of the previous 10 holes drilled in previous RC programs had ended in the mineralised shear zone with a top high-grade result of 16m grading 13.12 grams per tonne (g/t) gold from a depth of 37m within a broader intercept of 38m at 6.54g/t gold from 29m.
That hit finished at just 60m, with one of the three diamond tails set to test structures directly beneath it.
The program will begin on Friday with the other two tails to be drilled through RC collars that returned significant mineralised intercepts, including 15m at 1.19g/t and 2m at 3.65g/t.
The aim for Indiana is to identify the direction of the high-grade veins that have been found within the mineralised shear zone at Minos.
Labs are busy places in these high exploration times, and RC assays from recent drilling have likely been delayed until July.
While they wait, the explorer is not sitting around though – rig availability enables Indiana to bump up its current 3600m aircore drilling campaign from 60 to 80 holes.
That program is testing land in a 6km corridor from Minos northwest to Indiana’s tenement boundary and a little tested area out to the Ariadne prospect.
Indiana clearly has a taste for the scale of opportunity at the project as well, banking two new exploration permits to the east of Minos that contain areas of historical gold-in-calcrete anomalism and anomalous drilling results.
An initial exploration program is being planned to test the newly-acquired tenure.
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.