Goooaaalll: Critical keeps the massive sulphide hits coming at Halls Peak
Critical Resources continues to progress its goal of finding a large-scale SEDEX deposit (see below) at the Halls Peak project in NSW with drilling intersecting massive sulphides.
Critical’s fourth hole (CRR21DD_08) targeting the Gibsons prospect, struck massive sulphides in a variably mineralised zone from a depth of 51m to 58.18m down-hole.
CRR21DD_08 extends mineralisation to the northwest and follows on the first three holes which also encountered massive sulphide intervals and disseminated sulphide mineralisation.
Critical Resources (ASX:CRR) has dispatched core from completed holes to the ALS laboratory in Brisbane for assaying with drilling to resume in early January after pausing for the Christmas break.
Drill results to date have been extremely positive for the company given that SEDEX (sedimentary exhalative deposits) style projects such as Red Dog (Alaska), McArthur River (Northern Territory), and Mount Isa (Queensland) account for 25% of global zinc and lead production.
“This is an exciting proof of concept. We now need to continue to define deeper mineralisation in order to define deeper targets, in the hope of defining a large-scale asset,” managing director Alex Biggs said.
The company is drilling up to 14 holes totalling about 2,500m at the Gibsons prospect and a further three holes totalling 1,700m at the Sunnyside prospect.
Drilling to date has confirmed the existence of multiple stacked lodes of high-grade massive sulphide mineralisation while the mineralised intersection in CRR21DD_08 is interpreted as down-dip extensions of massive sulphide lodes intersected in CRR21DD-001.
Critical added that disseminated sulphides have also been encountered above and below the massive sulphide intersection in CRR21DD_08.
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.