The Conversation (0)
Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”) is pleased to advise that it has received assay results from its 12th drill hole at its 100% owned Gibsons prospect. Diamond drill hole CRR21DD_14 (“Hole 14”) has intersected zinc, lead, copper, and silver bearing zones of sulphide mineralisation within a previously untested, north-eastern area at Gibsons. The mineralisation seen in this area continues to expand the potential of the Halls Peak system.
Highlights
Hole 14
- 26.7m @ 3.43% Zn, 1.93% Pb, 10.79g/t Ag, from 75.3-102m downhole
- Including 7.2m @ 9.02% Zn, 5.25% Pb, 23.56g/t Ag, from 75.3 – 82.5m downhole
- 5.5m @ 6.74% Zn, 6.06% Pb, 135.78/t Ag from 141.4-146.9m downhole
- Including 2.33m @ 9.22% Zn, 9.86% Pb, 168.56/t Ag from 141.4 – 143.73m downhole
- 2.95m @ 15.28% Zn, 9.22% Pb, 2.01% Cu, 300.91g/t Ag, from 172.86-175.81m downhole
- Including 1.22m @ 25.40% Zn, 15.50% Pb, 3.46% Cu, 394.00g/t Ag, from 173.84 – 175.06m downhole
- 4m @ 3.14% Zn, 2.00% Pb, 610.50/t Ag, 2.36g/t Au from 261.5-265.5m downhole
- Highly anomalous gold from 248-267.5m downhole including a significant gold grade of 4.42g/t Au over 2m from 261.50-263.50m downhole
- Hole 14 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 15, 16 and 17 are currently being assayed at the ALS laboratory in Brisbane with results expected progressively
Gibsons’ Mineralisation Extended
The Company is pleased to receive assays from Hole 14 at its 100% owned Halls Peak project in New South Wales. Unlike previous drilling, Hole 14 was drilled in a northerly direction, uncovering further mineralisation that has delivered significant results. This northern area is currently being drilled to further extend and understand the potential of this new area. The scale potential of the Halls Peak system continues to be uncovered, with results providing strong support for the expanded drill campaign.
Critical Resources Managing Director Alex Biggs said:
“Hole 14 represents the detection of a new area of mineralisation that has not previously been explored at our Gibsons prospect. We are consistently finding these new areas of mineralisation at depth and along strike that further adds to the potential scale of the Halls Peak system. The highly successful drill program at Gibsons, combined with previous exploration and geophysical survey work warrants the expansion of our current 5,000m drilling program. We are excited to soon commence drilling at our Sunnyside prospect that was home to old time small-scale, high-grade mine workings. The Sunnyside prospect is 1.5km north-west of Gibsons. This will further add to the scale potential of Halls Peak system as a whole”.
Summary of Key Polymetallic Intersections
Hole 14
- 26.7m @ 3.43% Zn, 1.93% Pb, 0.13% Cu, 10.79g/t Ag, 0.03g/t Au, from 75.3-102m downhole
- Including 7.2m @ 9.02% Zn, 5.25% Pb, 0.26% Cu, 23.56g/t Ag, 0.06g/t Au from 75.3 – 82.5m downhole
- 5.5m @ 6.74% Zn, 6.06% Pb, 0.17% Cu, 135.78/t Ag, 0.10g/t Au from 141.4-146.9m downhole
- Including 2.33m @ 9.22% Zn, 9.86% Pb, 0.25% Cu, 168.56/t Ag, 0.06g/t Au from 141.4 – 143.73m downhole
- 2.95m @ 15.28% Zn, 9.22% Pb, 2.01% Cu, 300.91g/t Ag, 0.58g/t Au from 172.86-175.81m downhole
- Including 1.22m @ 25.40% Zn, 15.50% Pb, 3.46% Cu, 394.00g/t Ag, 0.44g/t Au from 173.84 – 175.06m downhole
- 4m @ 3.14% Zn, 2.00% Pb, 0.16% Cu, 610.50/t Ag, 2.36g/t Au from 261.5-265.5m downhole
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.
CRR:AU
High grade Assay Results Continue at Youanmi
- The latest batch of assays have been received from the 11,000m drilling program (both diamond core and reverse circulation) at the high gold-grade Youanmi Gold Project, located centrally in Western Australia’s prolific gold fields
- The recently-completed infill/exploration program aimed to improve resource confidence and open up corridors for resource growth; to underpin the Definitive Feasibility Study (DFS), and, additionally, provide sample material for ongoing metallurgical optimisation test-work for the DFS program
- Latest highlights from the program include:
- RXDD131: 4.38m @ 19.07 g/t Au from 387.98m,
- incl. 1.73m @ 41.43 g/t Au from 389.96m
- RXDD119: 4.56m @ 14.60 g/t Au from 220.64m
- RXDD115: 2.99m @ 21.11 g/t Au from 249.88m
- RXDD119: 4.0m @ 7.37 g/t Au from 162.0m
- RXDD132: 7.19m @ 3.90 g/t Au from 263.61m
- RXDD133: 2.83m @ 6.53 g/t Au from 431.00m
- RXDD128: 3.82m @ 4.51 g/t Au from 364.59m,
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- incl. 1.73m @ 8.22 g/t Au from 364.59m
- RXDD122: 0.95m @ 13.50 g/t Au from 204.44m
- §These results further demonstrate the continuity of high- grade gold mineralisation along the Youanmi greenstone belt belt, and the potential for resource growth both at depth and along-strike, with discovery potential to the south
- 35,000m Step-up drill campaign well underway with the plan to bring forward ounces and increase the mine plan
The program focused on converting Inferred stopes at Pollard, United North and Youanmi Main to higher confidence Indicated classification and providing material for metallurgical testing for the upcoming Definitive Feasibility Study (DFS) – on track for H2 CY25.
This final consignment of diamond assay results are the fourth batch of assays results returned from the drill program and have been entirely drilled from the Pollard, Youanmi and United North areas (Figure 1).
Rox Resources’ Chief Executive Officer, Phillip Wilding, commented:
“It’s pleasing to round out the 11,000m RD and DD drilling program with another batch of excellent intercepts.
“More importantly, the program has significantly improved our knowledge of the high grade and underexplored Youanmi ore system, and shown that mineralisation remains open at depth.
“Next steps are to convert Inferred areas of the Resource to the higher confidence Indicated classification, and finalise key intercepts of sample material for metallurgical test work to feed into the Youanmi DFS.
“We are excited to have commenced the 35,000m Step-up program to potentially bring forward ounces in the mine plan and significantly increase the size of the Pollard ore zone.”
Youanmi Major Growth Drill program
Resource drilling has focused on converting selected Inferred stopes in the current Mineral Resource of 16.2Mt at 4.4g/t Au for 2.3Moz (Indicated: 10.7Mt at 4.5g/t Au for 1.6 Moz : Inferred 5.5Mt at 4.2g/t Au for 0.7 Moz) 1 to higher confidence Indicated classification at Pollard, United North and Youanmi Main as shown in plan on Figure 1. The drilling has also provided both sample material for metallurgical testing and valuable geological data for the pending Definitive Feasibility Study (“DFS”) planned for second half of 2025.
Figure 1: Plan view of the Youanmi Gold Project featuring drill hole collar locations and 2024 Resource outline overprinted on aerial photography
Outside of the immediate resource area, drilling was also conducted on near-mine exploration and focused on the Youanmi South prospect area, or Paddy’s Lode, first reporting high-grade intercepts in 20232. The drilling at Paddy’s has complimented the Company’s exploration strategy moving south along the Main Lode Shear Zone (MLSZ) and adding additional gold ounces to the Resource. Youanmi South has the potential to grow the Resource above the 103kozpa Production Target outlined in the recently completed Pre-Feasibility Study (“PFS”)3.
Click here for the full ASX Release
This article includes content from Rox Resources Limited, 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.
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
Click here for the full ASX Release
This article includes content from Alice Queen Limited, 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.
