Indiana Resources Encounters More Minos Gold Zones
THE DRILL SERGEANT: Indiana Resources (ASX: IDA) reported further gold hits from drilling completed at the Minos prospect within the company’s 100 per cent-owned Central Gawler Craton gold project in South Australia.
Indiana Resources completed fifteen drillholes at Minos in December, completing a program designed to infill the existing drill hole coverage and provide further geological information for inclusion in a proposed resource estimate for Minos.
Assays returned for the final 10 holes included:
36 metres at 2.63 grams per tonne gold from 124m, including 1m at 12.6g/t gold and 1m at 12.5g/t gold;
20m at 2.34g/t gold from 116m, including 1m at 17.7g/t gold;
2m at 11.3g/t gold from 190m;
11m at 1.76g/t gold from 135m;
17m at 1.08g/t gold from 25m; and
17m at 1.05g/t gold from 59m.
“The Minos prospect continues to deliver strong intersections of significant, wide gold mineralisation,” Indiana Resources technical director Felicity Repacholi-Muir said in the company’s ASX announcement.
“These latest results…highlight the clear potential to define additional mineralisation within the north-western extent of the Minos orebody.
“These infill drilling programs 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.”
Indiana explained it has assay results outstanding from a calcrete sampling program completed in December across the Partridge, Earea Dam and Ealbara prospects.
Results from this program are expected to identify further gold anomalies, mineralised trends and assist with drillhole targeting.
Indiana had planned to restart drilling at Minos in January; however, this has been delayed due to high rainfall in central South Australia that damaged major roads and railway lines and prevented access to the site.
Drilling is now expected 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.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@indianaresources.com.au
Web: www.indianaresources.com.au
