Gibsons Continues to Extend High Grade Base Metal Mineralisation

Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”) is pleased to advise that it has received assay results from diamond drill hole CRR21_DD016 (Hole 16) at its 100% owned Gibsons prospect. Hole 16 has intersected zinc, lead, copper, and silver bearing zones of sulphide mineralisation. The mineralisation discovered in Hole 16 continues to expand the potential of the Halls Peak system.

Highlights

• 7.6m @ 5.9% Zn, 1.16% Pb, 0.19% Cu, 7.23g/t Ag from 62-69.6m downhole
• 3.7m @ 2.37% Zn, 1.09% Pb, 227.33/t Ag, 0.31g/t Au from 98.8-102.5m downhole
• 3.1m @ 9.21% Zn, 4.66% Pb, 1.97% Cu, 59.67/t Ag , 0.33g/t Au from 163.2-166.3m downhole
• Highly anomalous base metal mineralisation is observed to a depth of 166.3m
• Hole 16 represents a previously undrilled area, north-east of all drilling to date
• Strong mineralisation at depth continues to expand the potential of the Halls Peak system
• Cores from completed holes 17 and 18 are currently being assayed at the ALS laboratory in Brisbane with results expected progressively

Gibsons’ Mineralisation Extended

The Company is pleased to have received assay results from Hole 16 of it’s drilling program at its 100% owned Halls Peak project in New South Wales. Hole 16 was drilled in a northerly direction, to test the mineralisation extent seen in previously announced Hole 141 . CRR21DD_15 (“Hole 15”) was also being drilled to test the extent of mineralisation, but was abandoned due to the inability of the diamond drill to advance through a puggy fault. Discovering further mineralisation in Hole 16 expands the known area of mineralisation at Gibsons, increasing the potential extent of mineralisation and supporting the extended drill campaign that is currently being undertaken.

Critical Resources Managing Director Alex Biggs said:

“Further expansion of drilling in the northerly direction at Gibsons with encouraging results is exciting. Delineating high grades at depth demonstrates the previously unknown potential of Halls Peak as a whole. We are consistently uncovering new mineralisation in multiple directions but are seeing a trend north-westerly from Gibsons. Drilling at Sunnyside will be commencing in the coming weeks which will further allow us to test scale and continuity of mineralisation along a 1.5km strike distance. We look forward to keeping the market updated as we progress”.

Summary of Key Polymetallic Intersections - Hole 16

• 7.6m @ 5.9% Zn, 1.16% Pb, 0.19% Cu, 7.23g/t Ag, 0.03g/t Au, from 62-69.6m downhole
• 3.7m @ 2.37% Zn, 1.09% Pb, 0.66% Cu, 227.33/t Ag, 0.31g/t Au from 98.8-102.5m downhole
• 6.1m @ 1.18% Zn, 0.52% Pb, 0.26% Cu, 58.68g/t Ag, 0.48g/t Au from 107-113.1m downhole
• 3m @ 1.18% Zn, 0.59% Pb, 0.25% Cu, 134.30g/t Ag, 0.57g/t Au from 121.3-124.3m downhole
• 2m @ 1.17% Zn, 2.57% Pb, 2.56% Cu, 42.85g/t Ag, 0.08g/t Au from 133-135m downhole
• 2m @ 5.38% Zn, 2.75% Pb, 0.40% Cu, 18.08g/t Ag, 0.07g/t Au from 147.5-149.5 downhole
• 3.1m @ 9.21% Zn, 4.66% Pb, 1.97% Cu, 59.67/t Ag, 0.33g/t Au from 163.2-166.3m downhole

Figure 1: CRR21DD_16, interval comprising samples 42781-42788 assaying 7.6m @ 5.9% Zn, 1.16% Pb, 0.19% Cu, 7.23g/t Ag, 0.03g/t Au from 62-69.6m downhole including 1.3m @ 13.47% Zn from 65.60-66.90m (NQ core, 50mm diameter)

Figure 2: CRR21DD_016, detail from above Figure 1 of Samples (42)784 top row and (42)785 bottom row (65.60-66.90m downhole) exhibiting extensive, coarse, yellowy-brown sphalerite that assayed 13.47% Zn (NQ core, 50mm diameter)

Click here for the full ASX Release

This article includes content from Critical Resources (ASX:CRR), licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.