Indiana Resources begins 2,000m gold drilling campaign

• Indiana Resources commenced a 2,000-metre reverse circulation drilling programme at its Company Well gold prospect in South Australia.
• The exploration campaign targets gold mineralisation extensions following recent discoveries on a new structure near the Lake Labyrinth Shear Zone.
• Assay results are expected within five to six weeks to verify the prospective extensions of gold mineralisation.

Indiana Resources (ASX:IDA) has commenced a planned 2,000-metre reverse circulation drilling programme at the Company Well gold prospect in South Australia.

The campaign follows previous drilling that identified gold mineralisation on a new structure off the main Lake Labyrinth Shear Zone, including 18m at 1.20 grammes per tonne of gold from a depth of 10m.

Indiana Managing Director Matthew Bowles said, "It’s great to finally have a rig back on site to follow up on the gold mineralisation defined at our Company Well prospect, after delays due to weather conditions impacting site access."

Assay results from the 2,000-metre campaign are expected five to six weeks following the completion of the programme.

Following the announcement, the Indiana Resources share price was unchanged at $0.021.

Indiana Resources is a mineral exploration company focused on advancing its portfolio of gold, base metals, and critical minerals projects across Australia.

The Gawler Craton Project in South Australia remains the flagship asset for Indiana Resources as it expands exploration across its key target areas.