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Indiana Resources Limited ( (AU:IDA) ) just unveiled an announcement.
Indiana Resources Limited has commenced a significant 7,000-meter air-core drilling program at its Minos Gold Project in South Australia, targeting new gold prospects at Ariadne and Company Well. This initiative follows promising results from recent calcrete sampling, indicating substantial gold anomalies. The drilling aims to further define these targets and potentially expand the project’s resource base, with results expected to guide future exploration efforts. Pending assay results from previous diamond drilling are anticipated to enhance the geological model and inform subsequent drilling strategies.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Minos Gold Project located in the Central Gawler Craton, South Australia, which is part of the company’s extensive 5,700 km² Gawler Craton Project area.
YTD Price Performance: 100%
Average Trading Volume: 2,271,711
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$32.19M
Learn more about IDA stock on TipRanks’ Stock Analysis page.