Latest results from a program of 17 holes for 2,599m demonstrate that the system at Minos continues to deliver high-grade hits along strike and at depth.

The program, which was designed to extend the mineralised envelope by testing the extension of the known strike towards the northwest and tighten the existing drill density of the Minos mineralisation, has returned the following results:

  • 10m at 4.40g/t gold from 123, including 2m at 17.70g/t gold from 123m;
  • 15m at 1.97g/t gold from 91m;
  • 3m at 6.68g/t gold from 210m; and
  • 12m at 1.67g/t gold from 89m.

Indiana Resources (ASX:IDA) says drilling continues to deliver ‘outstanding’ gold intersections and improves  confidence in the continuity of the gold zones at the Minos and Ariadne prospects.

Consistency, consistency, consistency

“Outstanding drill results continue from RC programs at Minos underlining the consistency of gold mineralisation,” IDA CEO Richard Maish says.

“These results also show that the Lake Labyrinth Shear Zone has the potential to host a large, significant gold bearing system.

“We look forward to furthering our understanding of this historically underexplored region in the future.”

What’s next?

Indiana is planning to resume RC drilling in early December at Minos to increase the understanding and the scale of the Lake Labyrinth Shear Zone.

Auger soil geochemistry in the Minos-Ariadne corridor is also planned to test both across and along strike for additional drill targets.




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.