Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”) is pleased to advise that it has received assay results from its 10th and 11th drill holes at its 100% owned Gibsons prospect. Diamond drill holes CRR21DD_04 (“Hole 04”) and CRR21DD_02 (“Hole 02”) have intersected further zinc, lead, copper, and silver bearing zones of sulphide mineralisation. Both Hole 04 and Hole 02 are step out holes that continue to demonstrate the potential of the mineralised extent of the Halls Peak system.


Highlights

Hole 04

  • 6.91m @ 9.41% Zn, 2.45% Pb, 1.56% Cu, 34.6g/t Ag from 98.04-104.95m downhole
    • Including 1.69m @ 13.82% Zn, 2.08% Pb, 4.26% Cu, 64.37g/t Ag from 103.26 – 104.95m downhole
  • 5.6m @ 8.20% Zn, 4.33% Pb, 1.81% Cu, 393.23g/t Ag, from 75.1-80.7m downhole
    • Including 1.65m @ 14.79% Zn, 7.61% Pb, 3.17% Cu, 807.55g/t Ag from 77.05 – 78.7m downhole
  • 4.9m @ 3.91% Zn, 1.24% Pb, 0.15% Cu, 8.55g/t Ag, from 58.60-63.5m downhole

Hole 02

  • 17.75m @ 2.20% Zn, 1.28% Pb, 0.18% Cu, 19.34g/t Ag from 87.8-105.55m downhole
    • Including 1.1m @ 7.45% Zn, 4.36% Pb, 0.67% Cu, 43g/t Ag from 90.3–91.4m downhole and
    • Including 1.4m @ 10.4% Zn, 7.53% Pb, 0.48% Cu, 33.8g/t Ag from 99.6–101m downhole
  • Previously untested areas continue to provide consistent mineralisation at depth
  • Cores from completed holes 14, 15 and 16 are currently being assayed at the ALS laboratory in Brisbane with results expected progressively

The Company is pleased to receive further assays from Hole 02 and Hole 04 at its 100% owned Halls Peak project in New South Wales. Results continue to demonstrate the scale potential of the Halls Peak system, particularly at depth. Results continue to provide strong support for an expanded drill program.

Critical Resources Managing Director Alex Biggs said:

“We’re continuing to see some fantastic intersections at Gibsons that are demonstrating the potential of the Halls Peak system. Drilling is ongoing across multiple targets as we look to start to further define the potential scale at Halls Peak. The asset is shaping up as potentially transformational for the Company and we look forward to updating the market with more exciting results”.

Summary of Key Polymetallic Intersections

Hole 04

  • 4.9m @ 3.91% Zn, 1.24% Pb, 0.15% Cu, 8.55g/t Ag, 0.04g/t Au, from 58.60-63.5m downhole
  • 5.6m @ 8.20% Zn, 4.33% Pb, 1.81% Cu, 393.23g/t Ag, 0.51g/t Au from 75.1-80.7m downhole
    • Including 1.65m @ 14.79% Zn, 7.61% Pb, 3.17% Cu, 807.55g/t Ag, 0.45g/t Au from 77.05 – 78.7m downhole
  • 6.91m @ 9.41% Zn, 2.45% Pb, 1.56% Cu, 34.6g/t Ag, 0.23g/t Au from 98.04-104.95m downhole
    • Including 1.69m @ 13.82% Zn, 2.08% Pb, 4.26% Cu, 64.37g/t Ag, 0.37g/t Au from 103.26 – 104.95m downhole

Hole 02

  • 17.75m @ 2.20% Zn, 1.28% Pb, 0.18% Cu, 19.34g/t Ag, 0.09g/t Au from 87.8-105.55m downhole
    • Including 1.1m @ 7.45% Zn, 4.36% Pb, 0.67% Cu, 43g/t Ag, 0.24g/t Au from 90.3– 91.4m downhole and
    • 1.4m @ 10.4% Zn, 7.53% Pb, 0.48% Cu, 33.8g/t Ag, 0.14g/t Au from 99.6–101m 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.
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