Minos Gold Project Progress Hinges on Upcoming Assay and Metallurgical Results
Indiana Resources is making steady progress at its Minos gold deposit in South Australia, with over half of its planned drilling completed and a scoping study underway to support a maiden resource estimate.
- Over 50% of planned reverse circulation drilling completed at Minos
- Diamond drilling scheduled to begin mid-June targeting deeper extensions
- Scoping study initiated including geological re-logging and metallurgical testing
- Maiden gold resource estimation targeted following data compilation
- Company well-funded to sustain exploration through August 2025
Steady Progress in Drilling Campaign
Indiana Resources Limited (ASX: IDA) is advancing its exploration efforts at the Minos gold deposit within the 100%-owned Gawler Craton Project in South Australia. The company has completed 15 of the 27 planned reverse circulation (RC) drill holes, marking more than half of the current drilling program. This campaign aims to extend the known high-grade gold zones in multiple directions, including northwest and southeast strike extensions as well as down-dip extensions.
Looking ahead, a diamond drilling rig is scheduled to arrive in mid-June 2025 to complement the RC drilling by targeting deeper mineralisation. This phase is expected to continue until August, allowing Indiana to better define the scale and depth of the Minos deposit.
Scoping Study Lays Foundation for Resource Estimation
Parallel to drilling, Indiana has commenced a comprehensive scoping study focused on evaluating gold production scenarios at Minos. A key component of this study is the geological re-logging of 160 historical drill holes, which is approximately 30% complete. This work is enhancing the company’s understanding of the deposit’s structure and will underpin the construction of a detailed geological model.
Additionally, metallurgical test work is set to begin shortly, aiming to assess gold recovery across different ore types within the deposit. These tests will inform the feasibility of future processing methods and contribute critical data for the maiden gold resource estimation (MRE) that Indiana plans to deliver.
Well-Funded and Strategically Positioned
Indiana Resources remains well-capitalised to execute its aggressive exploration and study programs. The company’s strategic landholding of 5,713 square kilometres in the Gawler Craton places it between historically significant gold mining centres, offering promising potential for both gold and rare earth elements exploration.
Executive Chair Bronwyn Barnes and CEO Lindsay Owler lead a management team with deep experience in mineral exploration, positioning Indiana to capitalise on the strong gold price environment. The steady flow of drilling results and study updates over the coming months is expected to maintain market interest as the company advances towards defining a robust resource.
Bottom Line?
As Indiana Resources pushes deeper and refines its geological model, the upcoming assay results and metallurgical data will be pivotal in shaping the Minos project’s future.
Questions in the middle?
- What will the initial assay results reveal about the grade and continuity of the Minos gold deposit?
- How will metallurgical test outcomes influence the potential processing methods and economics?
- Could deeper diamond drilling uncover significant extensions that materially increase the resource size?
