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Indiana Resources Limited ( (AU:IDA) ) has provided an update.
Indiana Resources Limited has resumed its major drilling campaign at the Minos Gold Prospect in South Australia’s Gawler Craton. The ongoing diamond drilling aims to deepen existing holes and test down-dip extensions, with initial results indicating strong potential to extend the known gold mineralisation beyond 650 meters. The company’s systematic exploration strategy, which includes auger drilling and geological mapping, aims to expand the resource base and provide shareholders with a flow of promising drilling results throughout the year. Indiana’s efforts are well-timed with the Australian dollar gold price at an all-time high, positioning the company for continued success and potentially benefiting stakeholders.
More about Indiana Resources Limited
Indiana Resources Limited operates in the mining industry with a focus on gold exploration. The company holds a significant tenement portfolio in South Australia’s Gawler Craton, known for its mineral-rich Lake Labyrinth shear zone.
YTD Price Performance: 71.88%
Average Trading Volume: 555
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $24.8M
For a thorough assessment of IDA stock, go to TipRanks’ Stock Analysis page.
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