Critical Resources (ASX:CRR) has intersected ‘high grade’ zinc, copper and silver mineralisation from its first diamond drill hole at the Gibsons prospect within its Halls Peak project near Armidale in New South Wales.
The company reports that mineralisation was encountered in a series of intervals, which it says confirms the presence of multiple stacked polymetallic massive sulphide lodes extending from 4.65m to 103.84m downhole.
Key grades from the diamond hole include:
- 12.45m @ 10.91% Zn, 5.73% Pb, 1.15% Cu, 331.63g/t Ag and 1.50g/t Au; including
- 3.55m @ 9.80% Zn, 5.06% Pb, 0.92% Cu, 274.4g/t Ag and 1.73g/t Au from 4.65m downhole
- 1.44m @ 14.75% Zn, 7.93% Pb, 1.56% Cu, 571.95g/t Ag and 1.46g/t Au from 10.75m downhole
- 4.05m @ 19.31% Zn, 10.23% Pb, 2.12% Cu, 549.68g/t Ag and 1.89g/t Au from 13.05m downhole; including
- 2.1m @ 25.15% Zn and 13.32% Pb from 13.9m downhole
Commenting on the result, Critical Resources Managing Director Alex Biggs said: ”Exceptional results such as these prove to us that the Halls Peak project is a heavily mineralised system that warrants significant exploration. We are delighted with the first round of results from drilling at Gibsons and are excited to continue our work program across the entire Halls Peak project.
“Exceptional results such as these prove to us that the Halls Peak project is a heavily mineralised system that warrants significant exploration”
We look forward to keeping the market updated on more exciting results as we begin to unlock the true value of what we feel is a transformational asset for the company and its shareholders.”
The hole is the first of a planned 2,500m, 14-hole program at Gibsons, which has now recommenced following the Christmas / New Year break and is tasked with confirming near-surface mineralisation along with deeper targets to around 500m.
Upon completion, work is set to shift to a ~1,700m, 3-hole drill program at the nearby Sunnyside prospects.
Images: Critical Resources Limited
