Announcement Date: 2022-11-02
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Indiana Resources Ltd.
Project name: Central Gawler
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 10m at 4.4g/t Au from 123m
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 assays results from the Reverse Circulation (RC) drilling campaign completed at the Minos Prospect and the Ariadne Prospect within Indiana’s 100% owned 5,713 km2 Central Gawler Craton Gold Project in South Australia. A total of seventeen (17) drill holes for 2,599m were completed at Minos and Ariadne in August, with the programme primarily designed to extend the mineralised envelope by testing the extension of the known strike towards the northwest and tighten the existing drill density of the Minos mineralisation. Drilling continues to deliver outstanding gold intersections and improves confidence of the continuity of the gold zones at the Minos and Ariadne Prospects within the Lake Labyrinth Shear Zone (LLSZ). Gold mineralisation remains open along strike in both directions and at depth.
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