Indiana Resources reports 21m gold intercept at Minos.

Indiana Resources reports 21m gold intercept at Minos.

Indiana Resources (ASX:IDA) announced significant extensional drilling results from its Minos Gold Project, including a high-grade intercept of 21 metres at 2.31 g/t gold. The results are from 25 of 27 RC holes completed in August, designed to expand the known mineralisation and test depth potential at the South Australian project. "These latest results continue to extend mineralisation at Minos and we are looking forward to receiving further assays, including the Diamond drilling targeting high-grade at depth," said Managing Director Matthew Bowles. Other significant results include 12 metres at 2.15 g/t gold, with assays still pending from two RC holes and seven diamond holes targeting extensions at depth. The company also stated a new phase of approximately 5,000-metre aircore drilling is set to commence in early October to test multiple new gold targets.

The results are from 25 of 27 RC holes completed in August, designed to expand the known mineralisation and test depth potential at the South Australian project.

"These latest results continue to extend mineralisation at Minos and we are looking forward to receiving further assays, including the Diamond drilling targeting high-grade at depth," said Managing Director Matthew Bowles.

Other significant results include 12 metres at 2.15 g/t gold, with assays still pending from two RC holes and seven diamond holes targeting extensions at depth.

The company also stated a new phase of approximately 5,000-metre aircore drilling is set to commence in early October to test multiple new gold targets.