Indiana Resources Limited (ASX: IDA) has identified further wide gold intersections up and down dip from previous drilling at the Minos Prospect within Indiana’s 100% owned 5,713 sq. km Central Gawler Craton Gold Project in South Australia.
Assay results from the RC programme completed in November 2021 at Minos have been received from the seven drillholes completed for a total of 1,258m.
This programme was designed to infill the existing drill hole coverage and provide further geological information for inclusion in the proposed resource estimate for Minos.
Executive Chair, Bronwyn Barnes, said the results confirm the company’s geological interpretation and reinforces that the Lake Labyrinth Shear Zone is a significant gold bearing system. It also confirms that Minos has potential for extension of the known mineralisation which remains open along strike in both directions and at depth.
Results from our November RC programme confirm that the Minos Prospect is developing into a continuous orebody that remains open both along strike and at depth,” Ms Barnes said.
“These wide gold results continue to indicate the real potential and scale of the Lake Labyrinth Shear Zone, with as much as 30km of strike length yet to be drill tested.
“Exploration and drilling will be continuing apace across our Central Gawler Gold Project during 2022, with further RC drilling planned to commence shortly.”
Minos Results
Four of the seven drill holes were step-outs to test the down-dip extensions of previously reported mineralisation; LLRC060, LLRC061, LLRC063 and LLRC064. LLRC061 had to be terminated prior to reaching depth due to water issues.
The continuity of the mineralisation at depth was highlighted by LLRC063.
Significant assay results include:
Two of the holes, LLRC058 and LLRC059 targeted the south-eastern part of the mineralised zone where previous drilling reported 1m @ 2.29g/t Au and 9m @ 1.01g/t Au (LLRC030: 73-74m and 105- 114m)
Results of note from these two holes include:
LLRC062 was completed to test the up-dip extension of mineralisation, Refer to Section B-B’ (Figure 3). Significant assay results include:
An additional hole to further test the up-dip potential has been planned for the upcoming programme.
Previous significant results from Minos include: