Announcement Date: 2022-03-15
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. 36m @ 2.63g/t Au from 124m
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 further significant gold intersections from drilling completed at the Minos Prospect within Indiana’s 100% owned 5,713 km2 Central Gawler Craton Gold Project in South Australia. A total of fifteen (15) drillholes for 2,310m were completed at Minos in December, with the programme designed to infill the existing drill hole coverage and provide further geological information for inclusion in the proposed resource estimate for Minos. This release captures the results from the final ten (10) Reverse Circulation (RC) drillholes and follows the earlier release of the preceding five (5) drillholes reported to the ASX in February (refer ASX Release 23 February 2022). Drilling was designed to tighten the existing drill density, define some of the known high-grade zones and extend some known lodes at depth, with drilling focused on the north-western portion of the orebody. Drillholes LLRC067, LLRC068 and LLRC069 (Section A-A’ refer Figure 1 and 2) were the most northwestern drillholes, with strong results highlighting the potential to expand the known gold mineralisation to the north-west. Significant results on the new section include
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