Key findings from recent drilling activities

Indiana Resources (ASX:IDA) has announced initial assay results from its recent reverse circulation drilling at the Minos Prospect, part of the Central Gawler Craton Exploration Project in South Australia. The findings suggest potential extensions to the main gold mineralization zone. Key results include a peak assay of 1m at 57g/t gold and other significant intersections.

Outlook and future exploration plans

Indiana Resources' recent drilling results at the Minos Prospect indicate promising extensions to the gold mineralization zone. The company conducted a 28-hole RC drilling program, with diamond drilling ongoing to further explore the site. Indiana plans extensive regional exploration, including auger drilling and field mapping, in 2025. The company's strategic focus remains on systematically exploring their South Australian portfolio, particularly the highly mineralized Lake Labyrinth shear zone, while being fully funded to continue these efforts.

Executive insights on exploration progress

The RC drilling program was designed to infill and extend the existing drill traverses, better define the geometry of the gold mineralization zones, and assist in developing a geological model for resource definition. The program also sought to test for down-dip extensions to the gold mineralization.