Indiana winds up infill drilling, eyes Minos gold resource
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Indiana is a step closer towards defining a maiden resource at its Minos gold prospect in South Australia following the completion of infill reverse circulation drilling.
The program of 16 holes totalling 2,196m within the Lake Labyrinth Shear Zone was designed to infill the existing drill pattern plus test the northwest and southeast strike extent of the known mineralised zone.
Previous drilling at Minos had returned results such as 16m grading 13.12 grams per tonne (g/t) gold from a depth of 37m within a broader 38m intersection at 6.54g/t gold from 29m and 5m at 24.35g/t gold from 106m including 2m at 59g/t gold from 106m.
Indiana Resources (ASX:IDA) noted that samples from the drilling will be delivered to the laboratory with results expected within four to five weeks.
“We are very pleased to have safely completed our latest round of RC drilling at Minos,” executive chairman Bronwyn Barnes said.
“With diamond and air core drilling planned to commence later this month, we are pushing ahead with an aggressive exploration strategy for our Gawler Craton projects.”
The majority of the RC drilling was designed to infill the historical and recently completed drilling.
Indiana added that an initial review of historical drill hole data had highlighted significant high-grade structures within the mineralised zone that were not tested effectively by earlier drilling programs.
It plans to carry out a 500m diamond program comprising three diamond tails extending existing RC pre-collars.
This will provide important information on the geological structure of the Lake Labyrinth Shear Zone.
Diamond drilling will be followed immediately by a 3,600m aircore reconnaissance drilling program to be completed along strike of Minos with the same shear zone.
This will test the Lake Labyrinth Shear Zone structure that appears to trend to the northwest.
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.