7,000m Aircore Drilling Underway Targeting High-Grade Gold at Minos

Exploration Momentum Builds at Minos

Indiana Resources Limited (ASX – IDA) has commenced a major aircore drilling program at its flagship Minos Gold Project in South Australia’s Central Gawler Craton. The approximately 7,000-metre campaign targets priority gold anomalies identified through recent calcrete sampling over the Ariadne and Company Well prospects, both situated along the highly prospective Lake Labyrinth Shear Zone.

The Lake Labyrinth Shear Zone, a structurally significant corridor extending over 50 kilometres within Indiana’s extensive 5,700 square kilometre landholding, has long been considered fertile ground for gold mineralisation. Recent geochemical sampling has reinforced this view, with peak gold values reaching up to 3 grams per tonne (3,000 parts per billion) in infill calcrete samples; an encouraging sign for the company’s exploration strategy.

Testing New Targets with Aircore Drilling

The current aircore program employs a low-impact, Landcruiser-mounted rig to efficiently test multiple targets across the Ariadne and Company Well areas, as well as other prospects such as Partridge. This drilling method is well suited to the shallow regolith environment and allows Indiana to rapidly assess the extent and tenor of gold anomalism before committing to more costly reverse circulation or diamond drilling.

Managing Director Matthew Bowles expressed optimism about the program, highlighting the geological setting and anomalous gold results as key drivers for the expanded drilling effort. He anticipates that the aircore results will help define high-priority zones for subsequent RC drilling, which can better delineate mineralisation at depth.

Awaiting Diamond Drilling Assays

Complementing the aircore program, Indiana is also awaiting assay results from seven recently completed diamond drill holes, which include reverse circulation precollars with diamond tails totaling 1,150 metres. These holes were designed to test high-grade mineralisation at depth and to clarify the plunge orientation of mineralised zones at the Minos prospect. The results, expected in the coming weeks, will be critical in refining the geological model and guiding future drilling campaigns.

Indiana’s ongoing exploration efforts at Minos build on a series of encouraging results over the past several years, including multiple high-grade gold intersections and broad zones of mineralisation. The company’s strategic positioning between historic gold mining centres such as Tunkillia and Tarcoola further underscores the project’s potential.

Looking Ahead

As Indiana Resources advances its drilling programs, the market will be watching closely for assay results that could validate the growing prospectivity of the Minos Gold Project. The combination of extensive landholding, structural complexity, and recent geochemical anomalies positions the company well to expand its resource base and potentially unlock significant value for shareholders.