Announcement Date: 2022-01-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Indiana Resources Ltd.
Project name: Central Gawler Craton
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 9.0m @ 2.77g/t Au from 186.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is pleased to report that further wide gold intersections have been identified up and down dip from previous drilling at the Minos Prospect within Indiana’s 100% owned 5,713 km2 Central Gawler Craton Gold Project in South Australia. Assay results from the RC programme completed in November 2021 at Minos have been received from the seven drillholes completed for a total of 1,258m. This programme was designed to infill the existing drill hole coverage and provide further geological information for inclusion in the proposed resource estimate for Minos. The results confirm the Company’s geological interpretation and reinforces that the Lake Labyrinth Shear Zone is a significant gold bearing system. It also confirms that Minos has potential for extension of the known mineralisation which remains open along strike in both directions and at depth. Four of the seven drill holes were step-outs to test the down-dip extensions of previously reported mineralisation; LLRC060, LLRC061, LLRC063 and LLRC064. LLRC061 had to be terminated prior to reaching depth due to water issues. The continuity of the mineralisation at depth was highlighted by LLRC063 (Section A-A’ (Figure 2)). Significant assay results include
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