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Mining
Critical Resources MD Alex Biggs says the Halls Peak Base Metals Project in New South Wales is yielding some amazing zinc, copper, lead, and silver hits over at the Gibsons prospect.
These latest results are from the second and third drill holes, where 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 7.7 – 13m has been returned.
Even better yet, Critical Resources (ASX:CRR) says both holes are extensional holes to known mineralisation, demonstrating a heavily mineralised system.
Other high-grade hits include 5.99m at 8.17% zinc, 4.33% lead, 0.84% copper, 25.36g/t silver, and 0.13g/t gold from 5.69-11.68m.
Research is underway to assess the combined zinc, lead, and copper ranges of other high grade massive sulphide occurrences to assist in the rapidly developing exploration thesis on Halls Peak.
“These results are exceptional in grade and further confirm Halls Peak is a heavily mineralised system,” Biggs said.
“We continue our exploration with a view to delineating a Resource and clearly defining the value proposition of the Project.”
Importantly, there was anomalous zinc, lead, copper, and silver mineralisation throughout both holes indicating potential for discovery of massive sulphide lodes lateral to these holes.
Some significant, deeper mineralisation encountered at depth in the third drill hole includes 1 m at 2.13% zinc, 1.1% lead, 0.16% copper, and 28.60g/t silver from 88.0-89.0m.
Cores from completed holes 4A, 8, 9 and 11A are currently being assayed at the ALS laboratory in Brisbane with results expected progressively in the short term.
Around 1,500m has been drilled of the planned 2,500m program at Gibsons before moving to Sunnyside, where 1,700m of drilling is earmarked.
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.
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