Indiana Resources (ASX:IDA) has extended gold mineralisation at its Minos prospect within the Central Gawler Craton in South Australia, confirming that the system continues at depth.
Diamond drilling has returned intercepts including 10.83m at 1.75 grams per tonne gold from 219.17m, including 1.1m at 9.4g/t gold from 224m, and 7m at 1.64g/t gold from 330m.
A resplit of a reverse circulation composite sample also returned 1m at 71g/t gold from 140m.
The company says these results confirm the continuity of mineralisation at depth and reveal a broad halo of silver surrounding the gold zones.
Managing Director Matthew Bowles says the program has validated the “high-grade” nature of the system and expanded its geological potential.
“It has also shown broad silver mineralisation around the higher zones of gold,” Bowles says.
“Historically, limited multi-element sampling has been undertaken at Minos, and we are further evaluating the potential across the overall project area.
“Additionally, recent reverse circulation drilling at Minos confirmed extensions of high-grade zones of mineralisation along strike, with re-assays of individual one-metre samples returning up to 71g/t gold.”
The work supports Indiana’s hub-and-spoke exploration model across its Central Gawler Project, which covers about 5,713km² of tenure.
An aircore drilling program of 7,000m is also underway at the nearby Ariadne and Company Well prospects, following calcrete sampling that returned peak gold anomalism of 3,000 parts per billion, equivalent to 3g/t.
This content was created with AI assistance and human editing.
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Images: Indiana Resources
