Indiana Resources has popped some Middle-March champers after it flagged more strong gold from drilling at the Minos Prospect within its Central Gawler Gold Project in SA late last year.

The final 10 RC holes returned:

  • 36m at 2.63 g/t from 124m, including 1m at 12.60 g/t and 1m at 12.50 g/t;
  • 20m at 2.34 g/t from 116m, including 1m at 17.70 g/t;
  • 2m at 11.30 g/t from 190m;
  • 11m at 1.76 g/t from 135m;
  • 17m at 1.08 g/t from 25m; and
  • 17m at 1.05 g/t from 59m

The company says the results assist with definition of high-grade gold zones and demonstrate the strong potential to grow the known limits of existing gold mineralisation.

Expanding the gold footprint at Minos

The program was designed to infill the existing drill hole coverage and provide further geological information for inclusion in the proposed resource estimate for Minos.

“These latest results including 36m at 2.63g/t Au from 124m with 1m at 12.60g/t Au and 1m at 12.50g/t Au in hole LLRC069, highlight the clear potential to define additional mineralisation within the north-western extent of the Minos orebody,” Indiana Resources’ (ASX:IDA) technical director Felicity Repacholi-Muir said.

“These infill drilling programmes are providing Indiana with further confidence of the gold mineralisation within the Lake Labyrinth Shear Zone, and we will be back on the ground in April, continuing to evaluate the continuity and tenor of gold mineralisation at Minos.”

More drilling planned in April

Assays are pending from calcrete sampling program completed in December across the Partridge, Earea Dam and Ealbara Prospects.

The thick and higher-grade intersections in the north-western portion of the orebody – which will be prioritised in future programs.

Indiana had planned to restart drilling at Minos in January, but this has been delayed due to high rainfall in central South Australia which has damaged major roads and railway lines and prevented access to the site.

Drilling is now forecast to resume in April 2022, with the proposed program designed to infill the existing drill hole coverage in the south-eastern portion of the orebody.




This article was developed in collaboration with Indiana Resources Limited, 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.