Critical Resources intersects massive sulphides at NSW Gibson prospect
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Drilling of the fourth hole is now underway to depths of around 130m, which will be followed by a fifth hole to a depth of 200m.
Critical Resources has intersected 3.8m of massive sulphides in four intervals within a broader highly mineralised zone of 5.3m at the Gibsons prospect – part of the Halls Peak Project in New South Wales.
This marks the second drill hole in a planned 14-hole diamond drilling program for 2,500m before a three hole 1,700m drilling program takes place at the adjacent Sunnyside prospect.
Core from completed hole CRR21DD_01 has been shipped off the ALS laboratory in Brisbane for express assaying while drilling continues.
Critical Resources (ASX:CRR) says it anticipates the assays of these massive sulphide intervals will return high zinc and lead, as well as copper, silver and gold owing to the presence of abundant low-iron, yellowy-brown coarse sphalerite.
CRR managing director Alex Briggs said the intersection of massive sulphides at Gibsons on the second hole is a great result.
“We’re encountering strong mineralisation which we feel is indicative of what Halls Peak has to offer on a larger scale,” he said.
“We look forward to pushing on with our program and updating the market with more exciting results.”
Gibson’s first hole also encountered massive sulphides in intervals up to 3.8m – the hole was completed to a depth of 141.6m.
CRR says drill intersections in all holes have confirmed the existence of multiple stacked lodes of high-grade massive sulphide mineralisation.
Selected core has been dispatched to the ALS laboratory in Brisbane for express assaying while the two drilling programs progress on time and on budget.
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.