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Indiana Resources Ltd.
Summary
| Project: | Koussikoto Ouest | |
|---|---|---|
| Deposit: | Koussikoto Ouest | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-7-2019: Indiana Resources Ltd. announces an Exploration/Drilling Update report for its Koussikoto Ouest deposit at the Koussikoto Ouest project. Drilling results incl. 2.0m @ 12.3g/t Au from 44.0m. Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Craig Hall (Not stated) | |
| ABSTRACT: | Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is pleased to announce that the first phase of assay results have been received for its recently completed RC drilling programme at the Koussikoto Ouest License, at the southern end of its West Mali Gold Project (Figures 1 and 2). A 1,740m RC drilling programme was recently completed comprising 24 holes. Results for 16 of the 24 holes have been received to date, with the results for the remaining 8 holes expected in the near term. Results to date have identified two new significant zones of mineralisation at anomalies A5 and A7 North (refer Figure 3). At anomaly A5 (refer Figure 4), mineralisation is hosted within Greywacke within a moderately west-dipping structure, with a best result returned of 2m @ 12.3 g/t Au from 44m in hole RCMK4014. This drill hole followed up an initial aircore result of 4m @ 2.52 g/t Au. At anomaly A7 North (refer Figure 5) two holes following up an initial aircore result of 5m @ 4.86 g/t Au intersected multiple lodes of moderately west-dipping mineralisation hosted within a Quartz Porphyry. Significant intersections returned include 8m @ 1.42 g/t Au from 15m, and 12m @ 1.10 g/t Au from 30m in hole RCMK4008, and 2m @ 5.46 g/t Au from 28m, and 5m @ 2.34 g/t Au from 37m in hole RCMK4009 drilled further down-dip. | |
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