HomeExplorationIndiana Resources jumps quickly into evaluation of new gold property

Indiana Resources jumps quickly into evaluation of new gold property

ASX-listed Indiana Resources has commenced drilling at its recently acquired Koussikoto Ouest gold project, located in the prolifically gold mineralised Kenieba Province of western Mali.

Mali – Indiana Resources recently completed the acquisition of Mukuyu Resources, which controls two highly gold prospective exploration permits at Koussikoto Ouest and Kenieko Nord (total area of 126 km²).

Fieldwork including trenching, mapping and new target generation has continued uninterrupted during the due diligence period, enabling the company to aggressively target its first campaign of drilling at Koussikoto within days of finalising the Mukuyu acquisition.

“I am very pleased that we have been able to move forward with this drilling programme so quickly after completion of the acquisition, which is testament to the quality of our in-country team. This drilling programme has been designed to test areas of interest identified during the trenching campaign,” says Indiana Resources’ chairman, Bronwyn Barnes.

Koussikoto straddles the gold mineralised Main Transcurrent Zone (MTZ) in the far west of the Kenieba Province, along strike from the Massawa (+3 Moz) and Sabodala (+2 Moz) gold deposits in Senegal.

The drilling campaign which has now commenced, will comprise 4 500 m of aircore traverses to investigate priority geochemical and structural targets along the 10 km MTZ within the central portion of the project area.

Analytical results are expected at the end of June and this data will be used to plan the next phase of exploration activity. Analytical results have been received for a further six trenches from the current programme.

To date, approximately 80% of trench sample results have been received, with encouraging results confirming anomalous extensions along portions of the predicted trends. These anomalous zones will now be ground truthed and followed up with further sampling and / or drilling.

Trenching has now been completed, with a total of 4 618 m of trenches excavated in this recent programme. All samples have been dispatched to the laboratory for analysis, with final analytical results for the remainder of the trench samples expected later in June.