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