SRINAGAR, India, May 26 (AFP) - India is likely to conduct a second round of air strikes later Wednesday against cross-border Islamic guerrillas in the mountains of Kashmir, military sources here said. A top defence source in Kashmir said Indian Air Force jets were being readied to attack the northern regions of Kargil, Batalik, Drass and Moshka Valley where hundreds of militants are holed up since May 9. Waves of MiG-23 and British-build Jaguar bombers strafed the hill Wednesday morning in the first ever air strike against rebels in the disputed Himalayan territory. Russian-build Mi-17 gunship helicopters joined the strikes while fighter jets extended air cover to the raiders. Military sources in the Indian capital said a repeat attack was in the offing "sometime before daylight faded today" but could not give details. "Srinagar is the arena of operations and all minute details are with them," he said, adding the air raids will continue at least for the next two days in Kargil. An Indian force spokesman in New Delhi declined to confirm the report, saying: "These are operational details and we cannot comment." The Indian Air Force, which has some 1,200 aircraft and is the world's fourth largest, has refused to give details on the types of jets or armaments used in the Kargil bombings.  