Indiana Resources Limited’s Minos prospect continues to deliver as complete assays from extensional drilling were received from 25 out of 27 reverse circulation (RC) holes, with at least six intersecting gold mineralisation.
RC drilling that was designed to extend known mineralisation to the southeast and northwest had returned strong results, with a standout intercept grading 48.5 gram-metres, which was returned from 21 metres at 2.31 grams per tonne (g/t) starting at 115 metres.
Within that same zone, a higher-grade core of 8 metres at 4.67 g/t (37.4 gram-metres) further bolstered the finding, and the potential for significant mineralisation at depth.
Indiana Resources managing director Matthew Bowles said the company’s ongoing exploration program within the Gawler Craton (South Australia) is aimed at growing the Minos gold project.
“These latest results continue to extend mineralisation at Minos and we are looking forward to receiving further assays, including the diamond drilling targeting high-grade at depth,” he said.
Results are pending for holes 25LLRC002 and 25LLRC005, which is located directly above 25LLRC006. The diamond drilling assays are expected in the coming weeks.
Among the six notable results, one returned 25.8 gram-metres from 12 metres at 2.15 g/t starting at 118 metres; this included a higher-grade core of 6 metres at 3.78 g/t, with 22.7 gram-metres, from 121 metres.
Another intercept was 4 metres at 5.24 g/t gold from 152 metres, and while rich, remains shallow.
Further drilling intersected a broad 20 metre zone grading 0.78 g/t gold from 145 metres (with 15.6 gram-metres) and included a 7 metre section at 1.20 g/t (with 8.4 gram-metres) from the same depth.
The Minos prospect is hosted within the fertile Lake Labyrinth shear zone, which extends over 50 kilometres of strike within the company’s tenure.
The company’s next step will be to carry out roughly 5,000 metres of air core drilling in early October to test multiple gold targets further along the Lake Labyrinth shear.
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