The 218-hole, 5738m campaign was following up on priority targets found in calcrete sampling which confirmed heady gold anomalism with multiple 1g/t+ results.
Assays are due in around six weeks and Indiana Resources (ASX:IDA) remains well-funded with $35m in the bank awarded from the expropriation of its Ntaka Hill nickel sulphide project in Tanzania.
The Minos targets included Ariadne and Company Well, which are immediately southwest of the starring Minos prospect, where mineralisation has been recorded over wide intervals with hits to the tune of 25m at 2.3g/t gold.
And the pair sit among the several marked for further definition and drilling along the project’s fertile Lake Labyrinth Shear Zone.
Indiana managing director Matthew Bowles said the program was consistent with the company’s strategy to grow the overall project.
“Our immediate priorities to achieve this are, by stepping out along the Lake Labyrinth Shear, testing additional gold prospects in close proximity to Minos and continuing to progress our regional targeting work,” he said.
“We look forward to the results from this program at Ariadne and Company Well, where sampling recently returned strong gold results, and anticipate this will further define drill targets for next quarter”.
Indiana holds more than 5000sqkm of South Australian exploration territory – a relatively undrilled sum which would have been hard to come by further west.
The region’s full gold allure has yet to be properly investigated, but Barton Gold (ASX:BGD) and its 1.5Moz Tunkilla resource have already gone a way to demonstrating the camp-scale opportunities on offer.
Indiana’s own early drill campaigns have been set up to show off the expansive promise in its own territory, with early results showing the need for a follow up.
But there’s obviously more than aurum within the large landholding, with Indiana’s prospectivity for base metals, rare earth and IOCG deposits likely deserving of further investigation in 2026.
