Base metals and lithium player Critical Resources has identified more visual massive and base metal sulphides while drilling the Gibsons prospect at its Halls Peak project in NSW.

The intersections in hole 09 – between 56.2m-61.5m and down to 138m – a depth previously undiscovered – indicating further depth potential for the Halls Peak system.

Critical Resources says the visual estimates of combined percentages of sphalerite -zinc mineral, galena-lead mineral, chalcopyrites-copper mineral include:

  • 56.2-57.05m: 20% base metal sulphide;
  • 57.05-57.8m: 55-60% massive base metal sulphide;
  • 57.8-59.8m: 20% base metal sulphide;
  • 59.8-61m: sparse base metal sulphide;
  • 61-61.5m: sparse base metal sulphide and;
  • 131.6-138.1m: Foliated black carbonaceous shale with intermittent intervals of base metal sulphides.

Mineralisation at depth bolsters Halls Peak plans

The drilling is part of a ~2,500m program at Gibsons, which will be followed by a 3-hole drill program at the Sunnyside prospect for ~1,700m.

The holes have been designed to confirm near surface mineralisation and deeper targets to a maximum depth of 500m.

But Critical Resources (ASX:CRR) MD Alex Biggs says the findings at hole 09 represent a new opportunity to test mineralisation at Gibsons.

“To intersect massive base metal sulphides at depth again shows that the Halls Peak project is a highly-mineralised system that warrants the time, effort and exploration activity currently taking place,” he said.

“We are very excited that drilling continues to discover new mineralised zones and look forward to further results.”

 

 

 

This article was developed in collaboration with Critical Resources Limited, 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.

Read MoreCopperLeadLithiumLithium NewsLithium StocksZincZinc NewsZinc Stocks

Featured Companies

You might be interested in