Indiana welcomes Native Title agreement, opens further Gawler exploration ground
Indiana has unlocked the southern portion of its Central Gawler Craton portfolio after securing the key Native Title Mining Agreement.
The agreement with the Gawler Ranges Aboriginal Corporation RNTBC covers 12 exploration licences that host established targets such as Double Dutch, Earea Dam, Moolkra, Yerda and Renton.
Indiana Resources (ASX:IDA) is now carrying out a review to refine and prioritise these targets ahead of the commencement of exploration
Its 5,713sqkm Central Gawler Craton portfolio hosts the prospective Archaean greenstones of the Harris Greenstone Domain, which are similar in nature to the prolific Archean Greenstone Belt WA’s Goldfields region.
“This NTMA is a major step towards unlocking the southern corridor of our Gawler Craton portfolio, and we look forward to working with the Gawler Ranges People to advance our plans,” technical director Felicity Repacholi-Muir said.
“With several encouraging targets already identified across this highly prospective ground we are eager to commence work on the ground as quickly as possible.”
The Double Dutch prospect has been the subject of previous exploration such as geological mapping, ground magnetic surveys, soil sampling and RC drilling.
Sampling work has identified a surface gold anomaly while the drilling has intersected thick, +1g/t gold intervals at shallow depths over a strike length of about 400m.
Meanwhile, Earea Dam is a fully granted mining lease with good access thanks to its location adjacent to the Tarcoola-Glendambo road and the Perth-Adelaide train line.
It was a historical high-grade mine that produced about 2,000oz of gold at an average grade of approximately 35g/t gold between 1899 and the 1940s.
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.