Indiana Resources Unveils New High-Grade Gold Zone at Minos Prospect

Exploration Momentum Builds at Minos

Indiana Resources Limited (ASX: IDA) has reported compelling new assay results from its recent drilling campaign at the Minos Gold Prospect, located within the company’s extensive Gawler Craton project in South Australia. The latest reverse circulation (RC) drilling has confirmed a newly defined Southwest Zone featuring high-grade gold mineralisation, with intercepts reaching up to 45.8 grams per tonne (g/t) gold.

This discovery adds a significant new dimension to the Minos deposit, complementing the well-established Main Zone where gold mineralisation now extends over a strike length of 650 metres and to depths exceeding 200 metres. The continuity and tenor of mineralisation in both zones underscore the prospect’s growing potential as Indiana advances towards defining a maiden resource.

High-Grade Intercepts Highlight Potential

Among the standout results are intercepts such as 8 metres at 6.76 g/t gold including a spectacular 1 metre at 45.8 g/t from 174 metres in the Southwest Zone, and 8 metres at 11.6 g/t gold including 3 metres at 24.9 g/t in the Main Zone. These grades are notable for their consistency and depth, reinforcing the prospect’s high-grade credentials.

Indiana’s CEO Lindsay Owler expressed enthusiasm about the findings, highlighting the expansion of the deposit footprint and the high priority now placed on further drilling in the Southwest Zone. The company’s strategy includes extending drilling both along strike and at depth, with diamond tails currently being added to seven of the RC holes to test down-dip extensions to depths of up to 500 metres.

Strategic Positioning in the Gawler Craton

The Minos Gold Prospect is part of Indiana’s 100% owned 5,713 km2 tenure in the Gawler Craton, a region known for its mineral endowment including gold, rare earth elements, and base metals. The project area is strategically located between historic gold mining centres such as Tunkillia and Tarcoola, which have produced significant gold resources in the past.

Beyond Minos, Indiana’s portfolio includes other promising gold prospects like Earea Dam, Ariadne, Boomerang, and Double Dutch, with several showing encouraging drill intercepts and geochemical anomalies. This diversified pipeline positions Indiana well to leverage exploration success across multiple targets.

Looking Ahead: Aggressive Exploration in 2025

With the gold price environment strengthening, Indiana has launched an aggressive exploration program for 2025. The company aims to rapidly build on the momentum generated by the recent drilling results, with a focus on expanding the high-grade zones at Minos and advancing resource definition. The ongoing diamond drilling campaign is expected to deliver further insights into the deposit’s depth potential, with results to be reported progressively.

As Indiana pushes forward, investors and analysts will be watching closely for updates that could materially enhance the project’s valuation and underpin future development decisions.