Iltani Resources (ASX:ILT) has received the first results from initial drilling at the Antimony Reward Project in Queensland which have confirmed the presence of “high-grade” antimony mineralisation.
Assays from the maiden program returned intersections of 7m @ 7.61% antimony from 38m, including 3m @ 8.19% from 38m and 1m @ 26.70% from 43m in hole ARRC001.
Meanwhile, hole ARRC003 intersected 3m @ 0.75% antimony from 31m, including 1m @ 1.25% from 32m; and 4m @ 0.43%, including 1m @ 1.28% from 42m, while hole ARRC004 intersected 9m @ 0.94% from 53m, including 2m @ 2.66% from 60m.
The eight drill holes were designed to test the North Vein System at Antimony Reward.
Antimony mineralisation – where the antimony is present as stibnite – was intersected in seven holes.
The North Vein System stibnite mineralisation is associated with chalcedonic quartz veining interpreted to occur as subparallel veins trending northeast-southwest and dipping steeply to the north.
Iltani says the geometry of the veins as interpreted from drill hole intersections is consistent with surface observations.
The results received so far cover 150m strike extent of the trend with material antimony intersections down to 80m below surface.
Assay results are pending for the final three holes drilled in the North Vein System, one to the southwest and two to the northeast of the drill holes.
Iltani Managing Director Donald Garner says it is good see that initial drilling at
Antimony Reward has confirmed the presence of high-grade antimony mineralisation following on from Kangaroo Metals previous drilling in 2008.
However, he notes the geology is proving to be more complex with a structural control that needs to be interpreted prior to the next phase of drilling.
“Assay results are coming back later than anticipated, as processing times at the assay lab have extended to four to six weeks due to an influx of samples from companies undertaking work prior to the upcoming wet season in Northern Australia,” he says.
“Once we have the final assay results back from the remaining holes drilled at Antimony Reward, we can plan the next phases of exploration.”
The Antimony Reward Project is part of the larger Herberton Project in northern Queensland.
Antimony Reward sits about 45km from Herberton, and 17km from Iltani’s Orient Silver-Indium project.
Mining activity commenced in the Herberton Region in 1880 following the discovery of tin. There are over 2,400 known historical mines and mineral occurrences – including tin, copper, zinc, lead, silver, antimony and tungsten – in the area.
Iltani is presenting on the first day of the Noosa Mining Conference being held at the Peppers Noosa Resort from 13-15 November.
The company will discuss the progress achieved over the past 12 months, its current exploration activities and what the next 12 months looks like.
Mining.com.au is a media partner of the November event. Click here to register.
Write to Angela East at Mining.com.au
Images: Iltani Resources
