Critical Resources is scrambling to follow up on some outstanding zinc, copper, lead, and silver hits at the Gibsons prospect with the identification of new targets likely to be sheltering more of the same mineralisation.

Down-hole electromagnetic surveying has indicated that sulphide mineralisation could extend up to 100m away from Hole 09 at a depth of 55m as well as evidence of highly conductive bodies within the upper 200m at Hole 11A.

A large, low conductive plate was also located to the north of Hole 11A at a depth of 550m.

Critical Resources (ASX:CRR) noted that it is now permitting new drill holes to target the identified anomalies.

Drilling at Gibsons has so far yielded assays of up to 5.3m at 26.29% zinc, 12.49% lead, 1.28% copper, 49.18 g/t silver, 0.15 g/t gold from a depth of just 7.7m (Hole 06) and 12.45m @ 10.91% zinc 5.73% lead , 1.15% copper, 331.63g/t  silver and 1.50g/t gold from a depth of 4.6m (Hole 01).

“Drilling at Gibsons has been highly successful so far. Evidence of extensional mineralisation from Hole 09 speaks volumes about the potential scale of the Halls Peak system,” managing director Alex Biggs said.

“We are excited to see the evolution of the current exploration campaign and are looking forward to further testing these targets.

“Additional holes will be designed to test the extent of mineralisation in Hole 09 and the recently approved holes will be drilled to test further potential around Hole 11A.”

Survey results

Data captured from Hole 09 has provided evidence of a large shallow-dipping, low conductive plate with potential to host sulphide mineralisation at approximately 55m down hole.

This plate suggests that the conductive body may extend up to 100m away from the hole.

Surveying in Hole 11A was carried out in two sections, the upper 200m and lower 350m.

The upper 200m saw small, highly conductive bodies that will be further investigated as part of the three newly permitted holes from pad 11A.

This work also saw a large, low conductive, near-vertical plate located to the north at approximately 600m.




This article was developed in collaboration with Critical Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.