Iltani Resources (ASX:ILT) is conducting a surface electromagnetic (EM) survey at the Orient Silver-Indium Project in North Queensland, targeting deeper anomalies generated by an airborne versatile time-domain EM survey.
This survey program enables the anomaly modelling to be completed with a greater level of accuracy. As a result, Iltani will be able to better target deeper drillholes.
Subject to weather conditions, Iltani plans to start a 10-hole reverse circulation drilling program to follow-up results of recent drilling, as well as several shallow drillholes to test Vein 1. This program is expected to take two weeks to complete.
This news comes after Iltani received the final assay results from a recently completed drilling program at Orient.
Some of the results include 20m @ 93.8 grams per tonne silver-equivalent (AgEq) from 4m, including 6m @ 132g/t AgEq from 18m; 3m @ 130.9g/t AgEq from 170m, including 1m @ 279.3g/t AgEq from 171m.
Results from the ‘gap zone’ – between the Orient West and East resources – returned 19m @ 280g/t AgEq from 136m, including 4m @ 519.4g/t AgEq from 71m; and 1m @ 1,104.5g/t AgEq from 71m.
Iltani, which has a market capitalisation of $27.39 million, says these results demonstrate the potential to link the resources and confirm the prospective nature of this zone.
Managing Director Donald Garner says the gap zone remains a high-priority target area and will be drill tested after the wet season.
“This will be part of a larger drilling program planned to expand the current Orient West and Orient East resources and to follow-up results from the geophysical surveys,” Garner says.
Orient is part of Iltani’s larger Herberton Project which covers 307km2 in the Herberton Mineral Field. The Herberton Mineral Field is prospective terrain with a long history of mining. Tin deposits were first discovered in 1880 and more than 2,400 historical mines and prospects are known in the region.
The area has been mainly worked for tin, but also tungsten, copper, and silver-lead-zinc as well as bismuth, antimony, molybdenum, and gold.
Orient’s resource estimate contains 34.2 million tonnes @ 110.4g/t AgEq, consisting of Orient East with 12.6 million tonnes and Orient West with 21.6 million tonnes.
Write to Aaliyah Rogan at Mining.com.au
Images: Iltani Resources
