With Gold On A Tear (Drilling Results Imminent), page-10

This stock is so under the radar its actually unbelievable!

RC drilling results are due this week from the 2,000m drilling program with 20 holes to follow-up on the recent drilling success at Minos.

IDA currently has 318 Million Shares and ALL holders may well be sitting on one of Australia's very best NEW high grade gold discoveries!

The company will have plenty of money in the bank to continue expanding all drilling programs over the next 12 months + with $4.5 million in the bank once the IDAOA options have been exercised later this year.

Bronwyn Barnes has confirmed that their will be no need for any further CR in 2021.

It is also possible that the Tanzanian Government could reach a settlement figure and pay IDA the money that it is owed! US $95 Million!



IDA is a very tightly held stock due to its very successful drilling campaign continuing and plenty of results to come over the next couple of months! It could well have a massive upside from here due to the actual caliber and possible size of this discovery!

Previous results include;

38m @ 6.54 g/t Au from 29m in Hole LLRC029 including16m @ 13.12g/t Au from 37m

2m @ 6.32g/t Au from 100m in Hole LLRC029

26m @ 4.28 g/t Au from 68m in Hole LLRC025 including 3 m @ 20.21 g/t Au from 82m

And,

9 of 10 holes ended in the mineralised shear zone and the prospect appears to be open along strike and at depth



These widths and grades are excellent!

If these result continue we are in for a wild ride into the stratosphere!



NEW DRILLING PROGRAM UNDERWAY
IDA commenced AC drilling for 60 holes to delineate undercover lake labyrinth shear zone to be completed by 22/06/21
-Results due late July.

They have also commenced Diamond Drilling through pre-collars in RC holes three holes LLRC027, LLRC028 and LLRC045.

Results from this DD could be VERY EXCITING as the diamond tail on LLRC045 is planned to drill under the significant mineralisation reported from hole LLRC029 which included 38m @ 6.54g/t Au from 28m including 16m @ 13.12g/t Au from 37m


So,

Due to current drilling programs it appears to me that most current shareholders are holding on very tight based on the success of the previous drilling results, the imminent RC results due this week, and the continuing AC and DD drilling programs of which should provide all holders IMHO with much future excitement!

Wishing all holders and management of IDA the very best of luck with the upcoming RC results!

May Minos etc. prove up to being one of Australia very best NEW high grade gold discoveries!!


GLTAH+DYOR