Indiana Resources reported assay results from its June reverse circulation drilling campaign at the Minos prospect, part of its wholly-owned Central Gawler Craton Gold Project in South Australia.
The reverse circulation drilling program, consisting of five drill holes over a total of 732m, identified several high-grade mineralisation zones.
The drilling campaign revealed numerous significant gold intersections.
Highlights include 26m at 1.66g/t Au from 33m, 6m at 5.26g/t Au from 43m, and 3m at 10.3g/t Au from 68m.m The highest grade intercepted was 1m at 25.9g/t Au from 69m.
The results confirm the continuity of gold zones and extend the mineralisation, which remains open across strike, along strike in both directions and at depth.
Bronwyn Barnes, executive chair of Indiana Resources, stated, "Minos continues to deliver strong, high-grade gold results that demonstrate parallel lode repetitions across strike and to the south of the prospect area, and remains open in all directions."
Further reverse circulation drilling at Minos is scheduled for September to enhance understanding of the scale and continuity of the Lake Labyrinth Shear Zone mineralisation.
The Minos prospect has already outlined a 600m strike extent of shallow, near-surface gold mineralisation.
Indiana Resources focuses on its 5,713km2 Gawler Craton tenement package, aiming to unveil the full potential of the gold-bearing structures within this prolific region.
Indiana Resources is an exploration company focused on advancing its portfolio of exploration tenements in the Central Gawler Craton Gold Province in South Australia. The company's ground position in the Gawler Craton covers 5,713km2 located between Tunkillia and Tarcoola.
At the time of reporting, Indiana Resources’ share price was $0.098.