THE DRILL SERGEANT: The gang from Indiana Resources (ASX: IDA) was circulating heavily on Day Two at Diggers & Dealers after announcing it has confirmed Rare Earth Elements (REE) mineralisation within the company’s 100 per cent-owned Central Gawler project in South Australia.
Indiana Resources recently completed a review of previous drilling results within its Central Gawler project database that has highlighted the prospectivity for clay hosted ionic type REE in the regolith.
An initial batch of sample pulps from six holes drilled in 2021 were submitted for the full suite of light and heavy rare earth elements (total REE) returning results including values up to 15,486ppm (1.55%) total rare earth oxide (TREO).
“The confirmation of the high TREO values including the high value magnet metals is a promising result and shows there has been enrichment of these elements within the weathered clay profile,’” Indiana Resources technical director Felicity Repacholi-Muir said in the company’s ASX announcement.
“We will now re-assay the balance of our extensive sample pulp inventory and work to enhance the rare earth potential in our large project area Indiana has continued to demonstrate the underlying value of the Central Gawler project with significant gold and REE mineralisation discovered via our aggressive and systematic approach to exploration.
“We look forward to sharing exciting further results in due course.”