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Indiana Resources Ltd.
Summary
| Project: | Naujombo | |
|---|---|---|
| Deposit: | Naujombo South | |
| Location: | Tanzania | |
| Commodities: | Gold | |
| Date: | 8/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-8-2017: Indiana Resources Ltd. announces an Exploration/Drilling Update report for its Naujombo South deposit at the Naujombo project. Drilling results incl. 44m @ 0.372g/t Au from 4m. Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick Corlis (Internal) | |
| ABSTRACT: | Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) is pleased to announce that the recent Air Core drilling program at Naujombo South intersected gold mineralisation directly to the south of the recently announced Naujombo South soil anomaly (see ASX announcement 10 July 2017).1 Three lines of holes were completed across the anomaly before the program was temporarily halted until there was clarity on the impact of the recent changes to the Tanzanian Mining Act. These lines were spaced over 600m of strike and gold anomalism was detected on all three lines. The widest zone of anomalism was over 140m and remains open to the east, west and south. Three holes in particular intersected strong levels of anomalous mineralisation (Figure 1). Indiana’s Managing Director Campbell Baird commented: “As we explore the extensive Naujombo and Kishugu region we are very encouraged that gold targets continue to be discovered. This small drilling program at Naujombo South which was only partially completed, was designed to test a recently discovered, strong soil gold anomaly These exciting, first-pass drill results clearly demonstrate the prospectivity of the Naujumbo area.” | |
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