Iltani Resources (ASX:ILT) has received the first assay results from an infill drilling program within the Orient Project in Queensland with the company expecting to confirm as one the “highest-grade known silver-indium deposit”.
Three drillholes have returned broad, high-grade results including drillhole ORR069 with 13m @ 115.2 grams per tonne silver-equivalent (Ag-Eq), including 2m @ 277.6g/t Ag-Eq and 5m @ 216.5g/t Ag-Eq, including 1m @ 590.5g/t Ag-Eq.
Specifically, drillhole ORR070 intersected one of the thickest zones of mineralisation to date at Orient West, delivering 76m @ 118.5g/t Ag-Eq from 24m.
Results from the planned 54-hole reverse circulation drilling program being carried out across the Orient East and West deposits are expected to be released in May and June.
Managing Director Donald Garner says the company is excited about what it sees.
“Results continue to validate our belief that Orient is Australia’s largest and highest grade known silver-indium deposit,” Garner says.
“Drilling continues at Orient, with both RC and diamond programs underway, and we will report further results through April and May as we work towards initial JORC resources for Orient East and West.”
Yesterday (23 April), Iltani began diamond drilling at Orient to assess further information on the variety of mineralisation and associated metal grades.
The program also aims to provide core for oriented structural data to determine vein orientations, as well as samples of various mineralisation types and for metallurgical testwork once required.
Orient is an extensive precious metal-rich epithermal system within a likely intrusion at depth and has similarities to the Bolivian silver-zinc-lead-indium-silver systems. The deposit lies within the Herberton Project in Northern Queensland.
Iltani Resources is a mineral explorer focused on the discovery and development of critical minerals for a clean energy future.
Write to Aaliyah Rogan at Mining.com.au
Images: Iltani Resources
