Indiana Resources (ASX: IDA) has commenced reverse circulation (RC) and air core (AC) drilling at the Minos Prospect within Indiana’s 100% owned 5,713 sq. km Central Gawler Cration Exploration Project (CGCP) in South Australia.
The programme has been designed to extend and confirm the known gold and REE target zones at Minos, and at Hopeful Hill complete the RC drilling included as part of a co- funded exploration grant received from the SA government.
“Having spent considerable time reviewing historic results across the South Australian tenement package we are pleased to be back on the ground drilling at Minos," Executive Chair, Bronwyn Barnes, said.
"The drilling to date has delivered a number of impressive gold and rare earth targets, and this programme has been designed to extend the discovery zones. Results from this programme will support the expansion of our exploration programme for the remainder of the year as we continue to focus on the REE and gold mineralisation at Minos.
"We are also very pleased to have received further exploration approvals from the Government of South Australia which will enable us to advance activities at high priority areas of Moolkra, Double Dutch and Hopeful Hill. These target areas host historic high grade gold intercepts which we have been unable to access until now. We will now progress discussions with native title parties to support land access and progress technical work to plan future exploration programmes at these areas”.
The planned drill programme consists of five holes for approximately 630 metres. To date Indiana has outlined a 600-metre strike extent of shallow, near-surface high grade gold mineralisation. The programme has been designed to further test the extension of high-grade mineralisation and a parallel structure located at the northwest end of Minos intersected in earlier drill campaigns.
AC Drilling at the Minos REE target area
The follow up drill programme for the Minos REE project area will consist of eight holes for approximately 590 metres and will be used to confirm the extension of high grade REE mineralisation and to provide additional samples for metallurgical test work.
