Indiana Resources Limited has commenced a ~2,000-metre reverse-circulation drilling program at the Company Well gold prospect within the Minos Gold Project, forming part of the company's 100% owned Gawler Craton Project in South Australia.

The reverse-circulation program follows previous delays caused by weather conditions and road closures that restricted site access and pushed back the anticipated restart. The Gawler Craton asset hosts the fertile Lake Labyrinth Shear Zone, which extends over 50 kilometres of strike across Indiana’s tenement holding.

Drilling is designed to follow up on gold mineralisation recently identified on a new structure off the main shear zone, proximal to an interpreted intrusion. Previous air-core drilling at Company Well returned shallow intercepts including 18 metres at 1.20 g/t gold from 10 metres in hole CWAC034.

The field work is being executed by contractor Geodrill Australia and is expected to continue through September.

"It's great to finally have a rig back on site, to follow up on the gold mineralisation defined at our Company Well prospect, after delays due to weather conditions impacting site access. The shallow nature of the mineralisation encountered in the air-core drilling, interpreted to be on a new structure, off the main Lake Labyrinth Shear and proximal to an interpreted intrusion, makes Company Well an exciting target to now be testing with an RC rig."

"I would like to thank Geodrill Australia for their assistance in securing a rig and we look forward to updating shareholders as the program progresses and assay results become available."

— Matthew Bowles, Managing Director

Assay results from the 2,000-metre program are anticipated to be received in October.

Read the full announcement: Drilling Underway at Company Well