Critical MD Alex Biggs: We’re excited to see increasing depth, zinc-lead extensions at Gibsons
Drilling at Critical’s Gibsons prospect within the Halls Peak project in NSW has intersected extensions of zinc, lead, copper and silver bearing sulphide mineralisation.
Hole 08, a step-out that did not twin any previous holes, returned two high-grade intervals of 7.18m grading 3.63% zinc, 1.89% lead, 0.77% copper and 15.82 grams per tonne (g/t) silver from a depth of 51m and then there was this stand out – 7.53m at 4.2% zinc, 1.92% lead, 0.39% copper and 19.15g/t silver from 120.4m.
Both intervals included higher-grade zones and modest quantities of gold.
Along with a 1.28m intersection at 13.5% zinc, 4.75% lead, 0.71% copper and 21.5g/t silver from 56.87m in Hole 04A (also a step-out hole), Critical Resources (ASX:CRR) has now demonstrated extensions to Gibsons mineralisation downdip and to the northwest and north.
Assays are pending for the section between 99.7m to 201.6m (end of hole) in Hole 04A while cores from holes 9, 11A and 08A are currently being assayed at the ALS laboratory in Brisbane.
“These assays provide further confirmation of mineralisation at Halls Peak,” managing director Alex Biggs said.
“We are particularly excited to see the increasing depth of mineralisation which is encouraging evidence of a growing system.
“Our exploration program has been very successful to date and we look forward to updating the market with further results soon.”
The first three holes had returned some striking results such as 12.45m at 10.91% zinc, 5.73% lead, 1.15% copper, 331g/t silver and 1.5g/t gold from just 4.65m and 5.3m at 26.29% zinc, 12.49% lead, 1.28% copper, 49.18 g/t silver, 0.15 g/t gold from 7.7m.
The wholly-owned Halls Peak project is located within the New England Fold Belt about 45km southeast of Armidale, New South Wales.
This area is well known for its mineral endowment and production.
Halls Peak itself hosts massive sulphide deposits that were discovered in 1896 with near-surface mining extracting high-grade zinc, lead, copper and silver.
More recent third-party exploration returned high-grade intercepts to a depth of about 150m at the Gibsons prospect while some near surface historical mining has also occurred around the Sunnyside prospect.
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.