trending Market Intelligence /marketintelligence/en/news-insights/trending/hlqyszqjppde549fpyqemg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Indiana Resources hits anomalous gold at Nachingwea project

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Indiana Resources hits anomalous gold at Nachingwea project

Indiana Resources Ltd. said Oct. 12 that it has intersected strong anomalous gold mineralization at two prospects during recent drilling at its Nachingwea copper-gold project in Tanzania.

Limited reconnaissance drilling has confirmed gold anomalism over 9.5 kilometers of strike at the Naujombo prospect and over 5.5 km of strike at the Kishugu prospect.

Managing Director Campbell Baird said the first round of drilling at the two prospects was designed to establish whether surface gold was present in the bedrock.

The levels of anomalism found in the bedrock reached a maximum of 1 g/t over 3 meters, but are typically in the range of 20 parts per billion to 200 ppb.

According to Indiana Resources, the quantity of gold in the system is substantial even at these relatively low levels.

The company now plans to review all of the data to determine priority drilling targets. Planning for a second stage of drilling at Naujombo and Kishugu is underway.