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Indiana Resources Limited ( (AU:IDA) ) has shared an announcement.
Indiana Resources Limited has announced significant high-grade gold assay results from its Minos Gold Project in South Australia. The recent reverse circulation drilling has intersected notable gold mineralization, including 4 meters at 13.0 g/t gold, which extends the known mineralization at the site. Additionally, calcrete sampling at the Ariadne and Company Well prospects has confirmed strong gold anomalism, paving the way for a major air-core drilling program. These developments are part of Indiana’s growth strategy to expand its gold exploration efforts in the region, supported by a robust cash position of $37 million.
More about Indiana Resources Limited
Indiana Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in the Minos Gold Project located in South Australia’s Gawler Craton, aiming to establish substantial scale across its operations.
YTD Price Performance: 84.00%
Average Trading Volume: 1,944,824
Technical Sentiment Signal: Buy
Current Market Cap: A$30.26M
Find detailed analytics on IDA stock on TipRanks’ Stock Analysis page.