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Indiana Resources Ltd.
Summary
| Project: | Koussikoto | |
|---|---|---|
| Deposit: | Koussikoto | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 6/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-6-2018: Indiana Resources Ltd. announces an Exploration/Drilling Update report for its Koussikoto deposit at the Koussikoto project. Drilling results incl. 8.0m @ 3.37g/t Au from 12m. Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Joyce (Independent) | |
| ABSTRACT: | Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is pleased to announce that the first round of analytical results from shallow, wide spaced, reconnaissance drilling have returned strong gold intersections at the Koussikoto Ouest Gold Project (‘Koussikoto’) in Mali (Figure 1). A reconnaissance drilling programme of 4,325m was undertaken during May 2018 at the Company’s Koussikoto Project and Kenieko Nord Exploration Property (‘Kenieko’) in Mali. Analytical results have been received for 105 holes at Koussikoto. Assay results for the drilling programme at Kenieko, comprising 19 holes for 358m, and the remaining 45 holes at Koussikoto are expected shortly. Significant intersections for Koussikoto are shown in Appendix A, which include the following: Indiana’s Chairman, Ms Bronwyn Barnes, commented, “Indiana is very pleased with the results of initial drilling at Koussikoto. This is an exciting start to our exploration activities in Mali and the results confirm the prospectivity of Koussikoto and highlight the potential opportunity for the project. “The rainy season, which is currently under way, provides an opportunity to develop an expanded exploration programme at Koussikoto that builds on these initial results and that will be the focus of effort in the coming months, allowing us to hit the ground running in October.” | |
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