These latest drill results lock-and-load IDA’s Lake Labyrinth as “a significant gold bearing system.”
Beautiful, wide gold intersections have been spotted up and down dip from previous drilling at Indiana Resources’ Minos prospect within the Central Gawler Craton Gold Project.
Indiana Resources (ASX:IDA) reports significant results everywhere: up to 7m at 3.18 g/t gold from 54m, including 1m at 12.20 g/t gold and 9 metres at 2.77 g/t gold from 186m, including 1m at 17.20 g/t gold.
The run of strikes all but confirms Lake Labyrinth Shear Zone is a grand, fertile structure with 30km of strike remaining underexplored.
The November ‘21, 12,000m mixed drilling program – reverse circulation and diamond drilling – was really carried out just to fill the existing drill hole coverage and provide the IDA team with further geological information for the Minos proposed resource estimate.
So, there’s drilling to continue, apace
IDA executive chair Bronwyn Barnes says the Minos prospect is looking a lot like a “continuous orebody that remains open both along strike and at depth.”
“These wide gold results continue to indicate the real potential and scale of the Lake Labyrinth Shear Zone,” Barnes told Stockhead.
“Exploration and drilling will be continuing apace across our Central Gawler Gold Project during 2022, with further RC drilling planned to commence shortly.”
The detail you need
Barnes says four of the seven drill holes were step-outs to test the down-dip extensions of previously reported mineralisation: LLRC060, LLRC061, LLRC063 and LLRC064.
LLRC061 had to be terminated prior to reaching depth due to water issues.
The continuity of the mineralisation at depth was highlighted by LLRC063, which returned 9m at 2.77 g/t gold including 1m at 17.20 g/t gold.
Two of the holes targeted the south-eastern part of the mineralised zone, where previous drilling reported 1m at 2.29 g/t gold and 9m at 1.01 g/t gold.
An additional hole to further test the up-dip potential has been planned for the upcoming program.
Next on the agenda for IDA
Results from December ‘21 drilling are in the post, likely to land in late January to early February, where there’s excitement around the fifteen drill holes for a total of 2,310m were completed.
Also pending are the assay results from the calcrete sampling programme completed during December. Also excitement and a fair bit of anticipation considering the prospects.
The calcrete geochemistry sampling programme completed across the Partridge, Earea Dam and Ealbara Prospects, with results expected to identify further gold anomalies, mineralisation trends and assist with drillhole targeting.
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.