Indiana Resources Limited reported assays results from the Reverse Circulation (RC) drilling campaign completed at the Minos Prospect and the Ariadne Prospect within Indiana's 100% owned 5,713 km2 Central Gawler Craton Gold Project in South Australia. A total of 17 drill holes for 2,599m were completed at Minos and Ariadne in August, with the programme primarily designed to extend the mineralised envelope by testing the extension of the known strike towards the northwest and tighten the existing drill density of the Minos mineralisation. Drilling continues to deliver outstanding gold intersections and improves confidence of the continuity of the gold zones at the Minos and Ariadne Prospects within the Lake Labyrinth Shear Zone (LLSZ).

Gold mineralisation remains open along strike in both directions and at depth. The August RC drilling programme at Minos comprised fifteen (15) drill holes (LLRC094 to LLRC098 and LLRC101 to LLRC110) for a total of 2,319m designed to test the extension of the known strike towards the northwest and tighten the existing drill density. Step out drilling intersected significant zones of veining, shearing and alteration corresponding with the planned target zones.

The results received from the August programme confirm the Company's geological interpretation and reinforces the LLSZ as a significant gold bearing system. Significant results include: 10m @ 4.40g/t Au from 123m in LLRC102 including 2m @ 17.70g/t Au from 123m, 15m @ 1.97g/t Au from 91m in LLRC095, 3m @ 6.68g/t Au from 210m in LLRC104 including 1m @ 19.00g/t Au from 210m, 12m @ 1.67g/t Au from 89m in LLRC103, 8m @ 2.26g/t Au from 181m in LLRC105, 1m @ 28.3g/t Au from 169m in LLRC098. Gold mineralisation at Minos remains open along strike in both directions and at depth.

Drilling to date has outlined a 600-metre strike extent of shallow, near-surface gold mineralisation. Significantly the intercept in LLRC102 appears to be a new zone of high-grade mineralisation that remains untested on adjacent sections. At the Ariadne prospect, two (2) drill holes (LLRC099 and LLRC100) were completed for a total of 280m to test the orientation of the gold mineralisation at depth identified from historical workings.

Gold mineralisation has previously been identified in an intense alteration system adjacent to a prominent, unmineralised massive quartz zone referred to as the Quartz Unit. Results from Ariadne were of a lower tenor than expected and further geological mapping and modelling will be completed at the prospect to guide further exploration. Indiana is planning to resume RC drilling in early December at Minos in order to increase the understanding of the scale of the LLSZ potential focused on Minos.

Auger soil geochemistry in the Minos-Ariadne corridor is also planned to test both across and along strike for additional drill targets. Gold mineralisation was intersected in all sections tested during this programme. The following is a summary from the NW end of Minos to the SW on local oblique grid sections: 10740,10680,10660,10380,10330,10280.

LLRC096, LLRC097 and LLRC098 were completed on Section 10740mE. The drill holes were completed to test the extension of the known strike towards the northwest. A number of narrow, lower tenor gold intercepts were returned, further geological modelling is required to ascertain the orientation of mineralisation at the known extent.

Significant results on the section include: 5m @ 1.01g/t Au from 64m in hole LLRC097 and 1m @ 28.30g/t Au from 169m in hole LLRC098. LLRC101, LLRC102, LLRC103 and LLRC104 were completed on Section 10680mE. Significant results on the new section include: 4m @ 3.45g/t Au from 80m in hole LLRC102, 10m @ 4.40g/t Au from 123m in hole LLRC102, including 2m @ 17.70g/t Au from 123m, 2m @ 1.87g/t Au from 139m in hole LLRC102, 12m @ 1.67g/t Au from 89m in hole LLRC103, 1m @ 3.83g/t Au from 128m in hole LLRC103, 12m @ 0.79g/t Au from 149m in hole LLRC103, 3m @ 6.68g/t Au from 210m in hole LLRC104, including 1m @ 19.00g/t Au from 210m.

LLRC105 was completed on Section 10660, downdip from previous significant mineralisation in drill hole LLRC069 which returned the significant intercept of 36m @ 2.63 g/t Au from 124m; including 1m @ 12.60g/t Au from 151m and 1m @ 12.50g/t Au from 159m. Drill hole LLRC106 was completed on Section 10380, up dip from holes drilled during the April drilling programme. Shallow near surface low tenor gold mineralisation was intercepted in the weathered and potentially depleted zone.

Drill holes LLRC094 and LLRC095 were completed on Section 10330, down dip from earlier drill hole LLRC093 which returned the shallow intercept of 10m @ 0.92g/t Au from 33m. Drill holes LLRC107, LLRC108, LLRC109 and LLRC110 were completed on Section 10280mE. One section comprising two drill holes was completed at Ariadne to test for mineralisation south of the quartz marker horizon where sporadic workings, including one zone where significant stoping is present, that remain poorly drill tested.

Previous drilling at Ariadne had focussed north of the quartz horizon returning multiple significant results including: 10m @ 2.24g/t Au from 9m in hole LLRC046, 5m @ 3.59g/t Au from 49m in hole LLRC048, 6m @ 3.29g/t Au from 70m in hole LLRC052, 9m @ 2.61g/t Au from 131m in hole LLRC056. Drill holes LLRC099 and LLRC100 were completed on section 8940. LLRC099 intersected 3m @ 1.17g/t Au from 21m which requires follow up as there is no drill testing along strike of this zone.