Indiana Resources has announced the discovery of a new high-grade gold zone at its Minos gold prospect, located in the Gawler Craton project, South Australia. The latest results from reverse circulation (RC) drilling have returned up to 45.8 grams per tonne (g/t) of gold, marking a significant development for the company.
Strategically situated between the historic gold mining centres of Tunkillia (965,000-ounce gold resource) and Tarcoola (15,800-ounce gold resource), Indiana’s tenements in the Gawler Craton show promising potential for further discoveries.
Gold is not the only commodity being targeted at Minos, which also hosts a rare earths prospect in addition to its gold deposit. The company is now concentrating its efforts on expanding the Minos gold deposit, where previous drilling intercepted gold mineralisation along a 650-meter strike, with highlights such as 8 meters at 8.90g/t gold from 208 meters to the end of the hole.
The latest RC drilling has highlighted a new, high-grade gold zone, referred to as Southwest, with notable intercepts that include:
- 8 meters at 6.76g/t gold from 174 meters, including 1 meter at 45.8g/t gold from 174 meters.
- 15 meters at 4.14g/t gold from 82 meters, with 1 meter at 11.0g/t gold from 84 meters and 2 meters at 11.8g/t gold from 94 meters.
In addition, the Main Zone returned the following significant intercepts:
- 10 meters at 4.95g/t gold from 112 meters, including 1 meter at 27.8g/t gold from 114 meters.
- 13 meters at 3.1g/t gold from 196 meters, with 1 meter at 10.4g/t gold from 199 meters and 1 meter at 13.2g/t gold from 201 meters.
- 8 meters at 11.6g/t gold from 78 meters, including 3 meters at 24.9g/t gold from 78 meters.
Gold mineralisation at the Main Zone has now been intercepted over a strike length of 650 meters and extends to over 200 meters in depth.
Plans for Maiden Resource and Aggressive 2025 Exploration
Looking ahead, Indiana Resources plans to establish a maiden resource at Minos, with ongoing diamond drilling aimed at advancing the project further. CEO Lindsay Owler expressed excitement over the latest drill results, which continue to extend the high-grade gold footprint in the new Southwest zone.
“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,” Owler said. “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.”
Owler also noted that the continuity of gold mineralisation along the 650-meter strike length of the Main Zone, extending to over 200 meters in depth, was an encouraging sign for the project’s potential.
In addition to its ongoing drilling at Minos, Indiana is pushing forward with extensive regional auger drilling at key sites such as Partridge, Ariadne, and Company Well, as well as field mapping across several prospects including Earea Dam, Double Dutch, and Moolkra. These efforts underscore the company’s commitment to expanding its high-grade gold and rare earths discoveries.
With a strong cash position of $23 million, Indiana Resources is well-equipped to execute its ambitious exploration plans, which are poised to continue generating exciting news in the months ahead.
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