Bronwyn Barnes

Indiana Resources has doubled down in South Australia’s revered Gawler Craton mineral province, this week locking up an additional 2,465 square kilometres of prospective tenure across the world class multi-commodity terrane. The new tenement applications double Indiana’s holding in South Australia to more than 5,000 square kilometres that mostly surround the Tarcoola gold mine that Barton Gold is about to breathe new life into.

Indiana Resources has put the finishing touches on its acquisitions in SA’s mineral-rich Gawler Craton having completed its due diligence over privateer, Patron Resources tenure in the resurgent metal terrane. The acquisition brings Indiana’s ground holdings in the region to a commanding 5,090 square kilometres with drilling set to kick off in the coming weeks.

Indiana Resources surprised investors this morning releasing details of a substantial compensation claim against the Tanzanian government following the expropriation of the company’s Ntaka Hill nickel project in 2019. Indiana’s claim to the World Bank, acting as arbitrator, is for a cool US$95 million and is expected to increase as the company develops its full ‘statement of claim’ in the coming months.

Gawler Craton stalwart and former managing director of neighbour, Marmota Limited, David Williams, has bolstered the Board of Indiana Resources. Williams joins as a non-executive director, just a month after Indiana locked away a deal for around 2,700 square kilometres of fresh gold ground in South Australia from private player, Patron Resources, also led by Williams.

Indiana Resources is preparing to dive into exploration at its Lake Labyrinth project in South Australia, with drilling expected to kick off later this month. The company has planned a program of reverse circulation drilling over the Minos prospect to follow up on historical high-grade intercepts, including 12m at 10.36 g/t gold, as it ramps up exploration aimed at delineating a maiden resource in 2021.

Gawler Craton-focused gold hopeful, Indiana Resources has commenced RC drilling at its Minos gold prospect in South Australia where it plans to pump 1,500m of test holes into the Lake Labyrinth Shear Zone, following up historical gold hits including 12m at 10.36 g/t, 24m at 2.18 g/t and 6m at a healthy 12.37 g/t.

Gawler Craton-focused gold hopeful, Indiana Resources has completed its maiden 10-hole RC drill campaign at the Minos gold prospect in South Australia. The company has churned out 1,604m of drilling at the Lake Labyrinth Shear Zone chasing historical hits of 12m at 10.36 g/t and 24m at 2.18 g/t gold. Indiana said nine of the ten holes ended in the mineralised shear zone and assays are pending.

Indiana Resources has uncovered an historic gold assay that has laid dormant in the annals of the South Australian mineral core library for nearly six years without anybody actioning it. Indiana’s decision to re-examine historic core held by the South Australian Government could lead to a golden pay off after wide mineralised intersections were observed in a historic drill hole.

Indiana Resources has unearthed a golden labyrinth at its Minos discovery in SA, with the company’s maiden drilling program returning a quiver of high-grade intercepts. Drilling has returned gold-rich intervals in each of the five drill holes received to date, including an impressive 22 metres at 3.07 grams per tonne gold and a stellar 5m at 24.35 g/t gold.

Things just got real for Indiana Resources after the company drilled some stellar holes at its Minos gold discovery in South Australia. Results from the final five holes of the program are headlined by an impressive 38m interval grading 6.54 grams per tonne gold from just 29m, including 16m at 13.12 g/t from 37m.

Indiana Resources has upped the ante in its case against the Government of Tanzania, which relates to the alleged expropriation of the company’s Ntaka nickel project in southern Africa. The company is pursuing Tanzania through an arbitration process with the World Bank, with Indiana’s claim now topping an eye-watering US$95 million. The first hearing is now scheduled for the 22nd of April 2021.

Indiana Resources is kicking its exploration efforts into high gear with an upcoming drilling blitz at the Minos discovery in South Australia’s Gawler Craton. The ASX-listed company was well blooded for the hunt after it recently unearthed an extraordinary 38m drill intersection going 6.54 g/t gold from just 29m. Other targets along strike will also be tested.

Indiana Resources has headed straight into its second round of drilling in South Australia’s Gawler Craton. The company is set to plough 6,000 metres of drilling into the gold-rich Lady Labyrinth Shear in the coming weeks, where recent exploration over the Minos prospect has returned a stream of outstanding intercepts including a stellar 38 metres at 6.54 grams per tonne gold from only 29m down-hole.

Indiana Resources has signed a native title mining agreement that paves the way for an expansion of its exploration activities across a major mineralised shear structure at its Central Gawler Craton gold project in SA’s venerated Gawler Craton region. The company will now be able to test a bevy of “high-priority” prospects within its massive project landholdings, one of which has already returned bonanza gold drill intersections.

Indiana Resources is set to begin probing the depths of its Minos gold discovery in South Australia, with diamond drilling scheduled to kick off later this week. The company says earlier rounds of shallow reverse circulation drilling have set the stage for the upcoming program, which will delve into the roots of the gold-rich system that has already returned assays of over half an ounce per tonne.

Indiana Resources has served up numerous “stunning” gold hits at the exciting Minos discovery at its 100 per cent owned Central Gawler Craton project in South Australia. One broad 21m intercept returned 8.43 grams per tonne gold from 176m, including a bumper grade 1m interval going 159 g/t gold. The company is looking to table a maiden resource estimate for Minos.

Indiana Resources has continued its run of success across South Australia’s revered Gawler Craton, with regional exploration drilling on the gold-rich Labyrinth Shear turning up a new gold discovery along strike from the company’s Ariadne prospect. Better results from the Ariadne East discovery include 8 metres at 1.2 grams per tonne gold from 36m and 4m at 2.28 g/t gold from 40m down-hole.