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Indiana Resources Limited ( (AU:IDA) ) has provided an announcement.
Indiana Resources Limited announced the commencement of a major drilling campaign at its Minos Gold Project in South Australia, targeting multiple gold prospects along the Lake Labyrinth Shear Zone. The company plans to initiate a 5,000-meter air-core drilling program in October to explore gold targets and expand known mineralization, with assay results from previous drilling expected soon. Indiana is well-funded with $37 million to support its aggressive exploration efforts, aiming to enhance its industry positioning and unlock further potential in the region.
More about Indiana Resources Limited
Indiana Resources Limited is an exploration company focused on gold mining, primarily operating in the Gawler Craton region of South Australia. The company is actively engaged in expanding its Minos Gold Project, leveraging its significant land position of over 5,700 km² to explore and develop gold resources.
YTD Price Performance: 60.0%
Average Trading Volume: 1,083,750
Technical Sentiment Signal: Buy
Current Market Cap: A$26.71M
Learn more about IDA stock on TipRanks’ Stock Analysis page.