THE DRILL SERGEANT: Indiana Resources (ASX: IDA) announced the commencement of a comprehensive soil geochemistry program at the company’s Saboussire gold prospect in Western Mali.
Indiana Resources has an Earn-In Agreement in place, through its wholly-owned subsidiary Mukuyu Resources Limited, with FIMOCO SARL, under which Indiana has the option to acquire an eventual 85 per cent stake in Saboussire.
The Saboussire licence covers an area of 100 square kilometres of the Main Transcurrent Zone, immediately north of the Kossanto West license.
Indiana explained the Main Transcurrent Zone is interpreted to be one of the major structures which controls mineralisation in Western Mali and Eastern Senegal and is considered by the company to be an excellent geological and structural location, within the highly prospective Kenieba Inlier of Western Mali, which is known to host a number of multi-million ounce gold deposits, including the Loulou 12.5 million ounce deposit (Barrick Gold) and the Sabodala six million ounce deposit (Teranga Gold).
Indiana has designed the soil geochemistry program to test and extend existing Government soil sample anomalies on the licence, extend soil sampling from the adjacent Kossanto West licence and test the strike extent of a strong mineralised trend identified at Kossanto and further south at Koussikoto.
The program will focus on three high-priority zones on the Saboussire licence.
“Historically Saboussire has had very little modern and systematic exploration activities and this program represents the first phase of proposed activities for the licence,” Indiana Resources said in its ASX announcement.
“The soil geochemistry has been designed to test and extend existing Government soils sample anomalies on the licence and extend soil sampling from the adjacent Kossanto West licence.
“It is anticipated the soil geochemical program will take approximately two weeks to complete in the field.
“Future planned activities at Saboussire include rock chip sampling, and mapping of all outcrop and existing artisanal activity also during the current field season.”