Indiana starts drilling to delineate promising gold zone
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Indiana has started aircore drilling to delineate the undercover Lake Labyrinth Shear Zone within its Central Gawler Craton gold project in South Australia.
The company will drill 60 holes totalling about 3,600m to test the 6km long corridor from the Minos prospect to the boundary of EL 6185 as well as the sparsely tested area between Minos and Ariadne.
This drilling is expected to take two weeks to complete with assay results expected towards the end of July.
Indiana Resources (ASX:IDA) plans to follow-up any anomalous areas identified by this program with deeper reverse circulation drilling.
Additionally, the company will now complete three previously drilled RC pre-collars with diamond tails that will provide drillcore to assist in developing an improved geological and structural understanding of mineralisation at Minos.
The diamond tail on LLRC045 is planned to drill under the significant mineralisation reported from hole LLRC029, which included 38m grading 6.54 grams per tonne (g/t) gold from a depth of 28m including 16m at 13.12g/t gold from 37m..
It’s looking for additional structural information on the internal orientation of high-grade veins within the mineralised shear zone.
Assays from the recently completed RC drilling at Minos is also expected within the new two weeks.
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.