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Indiana Resources Ltd.
Summary
| Project: | Koussikoto Ouest | |
|---|---|---|
| Deposit: | The Edge | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-7-2019: Indiana Resources Ltd. announces an Exploration/Drilling Update report for its The Edge deposit at the Koussikoto Ouest project. Drilling results incl. 18m @ 1.95g/t Au from 45m. Indiana Resources Limited (ASX: IDA) (‘Indiana’ or the ‘Company’) | |
| 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 final assay results have been received for its recently completed 24 hole, 1,740m RC drilling programme at the Koussikoto Ouest License, at the southern end of its West Mali Gold Project (Figures 1 and 2). Assay results for the complete drill programme are contained in Table 1. At Anomaly A1 ‘The Edge’, drilling was planned to confirm historic results (refer Figure 1 & Table 2) and better understand the geometry and nature of the mineralisation with more appropriately oriented drilling into an apparent steep westerly-dipping structure. Drilling successfully confirmed mineralisation with a best result of 18m @ 1.95 g/t Au from 45m in the single hole drilled (Hole RCMK4024 – refer Figures 4 and 5). The new results confirm the significance of ‘The Edge’ Prospect, and provide additional targets for further work, including at Anomaly A2 South. Anomalies A2 and A3 represent poorly tested structures parallel to ‘The Edge’ which together are part of a coherent 4,000-metre-long geochemical anomaly. At Anomaly A2 South, the target was a historic trench with various anomalous Au values, including 1m @ 5.48 g/t Au, 1m @ 3.88 g/t Au, 1m @ 3.48 g/t Au. | |
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