Indiana’s CEO Richard Maish says it’s been a true team effort by staff and contractors to complete both these drilling programs safely and on time.

The company’s regional REE target definition drilling consisted of 72 holes for 3,521m, designed to infill and extend at 250m line spacings – a 2km long area within the 10km strike length already identified along the Lake Labyrinth Shear Zone.

This 10km long zone has previously returned high TREO grades and significant thicknesses of clay-hosted REE mineralisation.

Phase 1 of the program also includes an initial test across strike for repetitions of REE mineralisation 1km to the south and up to 2km north of the existing Minos REE trend.

Phase 2 completes Q1 2023

Meanwhile, drilling at the Minos gold prospect across 10 holes for 1,668m aimed to test the extension of the known strike towards the northwest and tighten the existing drill density.

Six of these holes have been targeted to test the recently identified parallel structure at the northwest end of Minos.

So far, Indiana (ASX:IDA) has outlined a 600m strike extent of shallow, near-surface gold mineralisation.

IDA says phase 2 is anticipated to be completed during the first quarter of 2023.

Strong news flow ahead

“With exceptional results received to date from both our REE and gold exploration programs, these two drill programs will deliver us strong news flow in early 2023 and provide a solid technical base for our continuing geological evaluation,” IDA CEO Richard Maish says.

“I look forward to releasing results as they are received, and further drill programs in early 2023.”




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.