Critical Resources (ASX:CRR) has identified priority follow-ups at the Lammerlaw gold project in New Zealand, with all three considered highly prospective for structurally controlled gold (and associated tungsten) mineralisation.
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The three lead targets were defined in a recent desktop study over the Central Otago goldfield ahead of the anticipated approval by the New Zealand government for the transfer of the permit interest.
Critical utilised the integration of historic mining records, modern aerial imagery and LiDAR interpretation, regional geochemistry, and available airborne geophysical data to uncover the new targets. The desktop study also identified extensive historic alluvial gold workings across the Lammerlaw permit area.
The company’s managing director, Tim Wither, told shareholders today that Lammerlaw was secured on the strength of its geological prospectivity, and that the detailed desktop study has now validated that decision.
“The work confirms well-defined shear corridors and, importantly, multiple structurally coherent target areas consistent with orogenic gold systems in the Otago Schist Belt. These refined targets provide a clear foundation for systematic, low-cost field programs designed to test the structural interpretations and advance our understanding of the permit area,” Mr Wither said this morning.
Lammerlaw covers approximately 410 square kilometres and lies around 50km south-south-west of the company’s Cap Burn gold project.
“Lammerlaw complements Cap Burn and supports our strategy of building opportunities across a proven and highly prospective gold province,” Mr Wither said.
Near-term work will be focused on validating and refining the two priority target areas, Devils Creek and Stony Creek, identified through the desktop review, with an emphasis on low-cost, high-information activities designed to advance geological understanding before any more intensive exploration.
Critical has also said early-stage programs will rapidly screen targets and focus expenditure on the most prospective structural zones, with progression to more advanced work contingent on results.
CRR has been down -5.56% today, to 0.9c.
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