Announcement Date: 2023-04-17
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Indiana Resources Ltd.
Project name: Central Gawler Craton
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 26m at 4767ppm RE from 46m
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 announce that it has received assay results from a further 48 Air Core (AC) holes from the drilling program completed in December 2022 at the Minos REE Prospect within Indiana’s 100% owned 5,713 km2 Central Gawler Craton Exploration Project (CGCP) in South Australia (Figure 8). Results returned extremely high-grade clay hosted TREO and MREO and confirmed the extent of REE mineralisation at Minos which remains open in all directions (Tables 1 & 2, Figures 1 to 3). The December AC program comprised 72 holes completed for a total of 3,251m (ASX release 22 December 2022) and assays from the first 3 holes were received in January (ASX release dated 23 January 2023). Assays for the remaining 21 holes that tested for extensions across strike are pending and are expected to be received within the next few weeks
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