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THE DAILY ROADHOUSE

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Meteoric Resources Encounters Visible Gold in First Novo Astro Hole

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) was champing at the bit to inform the market of recent developments from recently commenced drilling at the company’s 100 per cent-owned Novo Astro gold project in Brazil.

Red 5 Inks Option Agreement to Purchase Great Western Gold Deposit

THE BOURSE WHISPERER: Red 5 Limited (ASX: RED), by way of the company’s wholly-owned subsidiary, Darlot Mining Company, has entered into an Option Agreement for the right to purchase a 100 per cent interest in Mining Lease M37/54, containing the Great Western gold deposit in Western Australia.

Renascor Resources Releases Siviour DFS Results

THE BOURSE WHISPERER: Renascor Resources (ASX: RNU) delivered results of a Definitive Feasibility Study (DFS) for the company’s 100 per cent-owned Siviour graphite project near the coast of South Australia’s Eyre Peninsula.

Indiana Resources Kicks Off Mali Soil Sampling Program

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.

Southern Gold Receives Gubong Project ‘Permit to Develop’

THE BOURSE WHISPERER: Southern Gold (ASX: SAU) has been received word from its Joint Venture partner, London-listed Bluebird Merchant Ventures, of confirmation that the Permit to Develop for the Gubong gold mine in South Korea.

 

Indiana Resources Kicks Off Mali Soil Sampling Program

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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.”

 

Web: www.indianaresources.com.au

 

THE DAILY ROADHOUSE

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Lithium Australia Implementing a Drive Towards Battery Energy Sustainability

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has openly declared that its corporate intentions include shoring up an ethical and sustainable supply of energy metals to the battery industry, thus enhancing energy security in the process.

Ramelius Resources Reports Further High-Grades from Symes’ Find

THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced results from recent drilling undertaken at Symes’ Find deposit at the company’s Hampton project in Western Australia.

Breaker Resources Identifies New Gold Anomaly

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has identified a large new gold anomaly, which it claims to highlight the exploration upside at the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Comet Resources Scores Further High Grade Drilling Results

THE DRILL SERGEANT: Comet Resources (ASX: CRL) announced further results from recent diamond drilling conducted at the company’s Springdale graphite project near Hopetoun in southern West Australia.

Black Cat Syndicate Back Out Drilling at Bulong

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

 

Indiana Resources Inks Mali Gold JV Deal

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THE BOURSE WHISPERER: Indiana Resources (ASX: IDA) has entered into a non-binding term sheet for a Joint Venture (JV) covering the Lakanfla and Tabakarole gold projects, located in western and southern Mali respectively.

Indiana Resources struck the deal with London AIM and Toronto-listed Altus Strategies Plc, that is subject to entering into a definitive agreement, under which Indiana will have the option to earn up to an 85 per cent interest in Legend Mali Inc., a wholly-owned subsidiary of Altus, which holds a 100 per cent interest in the Lakanfla and Tabakarole gold projects.

“Lakanfla is strategically located adjacent to the world renowned Sadiola gold mine in western Mali,” Indiana Resources CEO Chris van Wijk said in the company’s announcement to the Australian Securities Exchange.

“Based on our review of historical data, we believe that Lakanfla hosts a potentially substantial karst-style gold target, analogous to the adjacent FE3 and FE4 pits of the Sadiola mine.

“Separately the Tabakarole project, which is located in southern Mali, targets a shear zone which has been mapped for 2.7 kilometres long and up to 200 metres wide.

“This arrangement with Altus follows a joint venture agreed with Cradle Arc Plc last year and is consistent with the company’s stated strategy to increase our interests in Mali, allowing us to methodically continue exploration in the area.

“Coupled with the announcement on non-binding funding proposals released today, and subject to completion of definitive agreements, the company will be well positioned to identify and test high priority targets on our highly attractive land package in Mali.”

 

Email: info@indianaresources.com.au

Website: www.indianaresources.com.au

 

Indiana Resources Extends Mali Ground

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THE BOURSE WHISPERER: Indiana Resources (ASX: IDA) has entered a joint venture agreement via the company’s wholly owned subsidiary Mukuyu Resources Limited.

Indiana Resources has struck the JV with Caracal Gold Mali SARL, a wholly owned subsidiary of Cradle Arc plc.

The JV covers the Kossanto West gold project in western Mali, located immediately adjacent to Indiana’s Koussikoto Ouest gold project.

Indiana Resources indicated the JV effectively doubles the land available for exploration activities, bringing the company’s total exploration area in Mali to 263 square kilometres.

Kossanto West comprises two permits, the Kobokoto Est and Koussikoto exploration permits, which cover a total area of 137sqkm, located on the Main Transcurrent Zone, which is interpreted to be one of the structures which controls mineralisation in Western Mali.

Indiana said it is considered an excellent geological and structural location, located within the Kenieba Inlier of Western Mali, which is known to host a number of very large gold deposits, including the Loulou 12.5 million ounce deposit of Randgold Resources and the Sabodala 2 million ounce deposit of Teranga Gold.

“Indiana is pleased to have concluded the JV with Cradle Arc as it provides a low-cost option that is non-dilutive to Indiana shareholders and involves no cash payment, with all expenditure to be committed to exploration,” Indiana Resources CEO Chris van Wijk said in the company’s announcement to the Australian Securities Exchange.

“It is consistent with the company’s stated strategy to increase our interests in Mali and allows Indiana to methodically continue its exploration in the area.

“Our review of the area has indicated that there is strong potential for the results recently returned from Koussikoto to extend further north into the Kossanto West tenement and we are keen to commence activities on the ground next month.”

 

Email: info@indianaresources.com.au

Website: www.indianaresources.com.au