Indiana Resources Limited (ASX: IDA) ('Indiana' or the 'Company') is pleased to announce that Reverse Circulation (RC) and Air Core (AC) drilling has commenced at the Minos Prospect within Indiana's 100% owned 5,713 km2 Central Gawler Cration Exploration Project (CGCP) in South Australia.
The programme has been designed to extend and confirm the known gold and REE target zones at Minos, and at Hopeful Hill complete the RC drilling included as part of a cofunded exploration grant received from the SA government.
Company Comment - Executive Chair Bronwyn Barnes: 'Having spent considerable time reviewing historic results across the South Australian tenement package we are pleased to be back on the ground drilling at Minos. The drilling to date has delivered a number of impressive gold and rare earth targets, and this programme has been designed to extend the discovery zones. Results from this programme will support the expansion of our exploration programme for the remainder of the year as we continue to focus on the REE and gold mineralisation at Minos
We are also very pleased to have received further exploration approvals from the Government of South Australia which will enable us to advance activities at high priority areas of Moolkra, Double Dutch and Hopeful Hill. These target areas host historic high grade gold intercepts which we have been unable to access until now. We will now progress discussions with native title parties to support land access and progress technical work to plan future exploration programmes at these areas'
RC Drilling at the Minos Gold Prospect
The planned drill programme consists of 5 holes for approximately 630 metres. To date Indiana has outlined a 600-metre strike extent of shallow, near-surface high grade gold mineralisation. The programme has been designed to further test the extension of high-grade mineralisation and a parallel structure located at the northwest end of Minos intersected in earlier drill campaigns
Programme for Environment Protection and Rehabilitation (E-PEPR) approved
The Company has received E-PEPR approval from the South Australian Government for its future exploration activities on all of our tenements within the Gawler Ranges Aboriginal Corporation Native Title Determination area. The E-PEPR approval provides for a streamlined process covering multiple drilling programmes and reducing administrative costs.
Contact:
Bronwyn Barnes
Executive Chairman
Tel: +61 (0) 417 093 256
Competent Person Statement
The information in this report that relates to the Exploration Results at the Central Gawler Project Area is based on information reviewed by Mr Michael Fotios who is a member of the Australian Institute of Mining and Metallurgy. Mr Fotios is a consultant to Indiana Resources Limited and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012)'. Mr Fotios consents to the inclusion of the information in the form and context in which it appears. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results information included in this report from previous Company announcements.
Forward Looking Statements
Indiana Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Indiana Resources Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimate.
INDIANA RESOURCES LIMITED 
