Iltani Resources (ASX:ILT) reports ‘thick, high-grade’ silver intercepts from reverse circulation (RC) drilling at its Orient Silver-Indium Project in North Queensland.
Assay results from 13 RC drill holes demonstrate continuity of width and grade along strike and down dip.
Seven drill holes returned shallow intercepts exceeding 1,000 silver grade-metres and 1,000 silver equivalent grade-metres.
Standout results include 100m @ 73 grams per tonne silver equivalent (AgEq) from 83m and 42m @ 140g/t AgEq from 120m.
Four drill holes intercepted massive sulphide veins exceeding 1,000g/t AgEq within wider intercepts, including 2m @ 1,456g/t AgEq and 2m @ 1,479g/t AgEq.
Drilling covered Orient East and Orient West, with Iltani noting that multiple intercepts of silver-lead-zinc-indium mineralisation at both areas continue to validate the case for open pit mining operations.
Managing Director Donald Garner says these ‘outstanding’ results continue to support potential ‘robust’ economics of open pit mining at Orient.
“We are getting to the final stage of our current 110-hole drilling program, and we are 86 holes in,” Garner remarks.
“When completed, our consultants will use the data generated to update the current Orient mineral resource […] and will then feed into the Orient Silver-Indium Project Scoping Study.”
Iltani says the massive sulphide mineralisation also contains antimony and tin, which are currently excluded from silver equivalent calculations pending metallurgical confirmation.
The company is currently drilling hole ORR226, marking the program’s 86th hole, with program completion expected in approximately five weeks.
Iltani is submitting samples to Intertek’s Townsville laboratory every two to three days.
An updated Orient mineral resource estimate (MRE) is expected in Q4 2026, which will feed into a Scoping Study targeted for 2027. The project’s current MRE stands at 62.5 million tonnes @ 81.5g/t AgEq.
Iltani Resources is an explorer focused on base metals and critical minerals, with a portfolio of assets in Queensland and Tasmania.
Write to Paula Fabe at Mining.com.au
Images: Iltani Resources
