Indiana Resources (ASX: IDA) has received further positive assays from the recently completed Reverse Circulation (RC) drilling programme at the Minos Gold Prospect located within Indiana’s 100% owned 5,713 sq. km Gawler Craton project in South Australia.
“We are delighted by these latest drill hits from Minos, which continue to expand the footprint of the Minos gold deposit by confirming the high-grade tenor of the new southwestern gold zone. Given the high-grade nature of these results and potential upside, additional drilling of this zone is now a high-priority for Indiana’s 2025 exploration program as we build towards establishing a maiden resource," CEO, Lindsay Owler, said.
"Pleasingly, recent drilling has confirmed the continuity of gold mineralisation along the 650m Main Zone strike and to a current depth of more than 200m. The Company also has good reason to push Minos drilling outwards to the northwest after generating several excellent new intercepts in that direction.
"Supported by a strengthening gold price, we have hit the ground running in 2025 with an aggressive exploration programme underway. The coming months continue to shape as an exciting period for Indiana on the exploration front with a strong news flow anticipated as we progress.”
A total of 28 RC holes for 5,147m were drilled at the Minos Gold Prospect during October and November 2024. Seven of these holes are currently being extended via diamond tails to test for down-dip extensions to the Main Zone of gold mineralisation.
Initial results from RC drilling were reported in an ASX release dated 17 December 2024.
The RC drilling infilled and extended existing drill traverses with the aim of achieving the following key outcomes:
Development of the Minos Gold deposit builds momentum via multiple high-grade gold intercepts from the newly defined Southwest Zone.