PriceSensitive

Critical Resources (ASX:CRR) drilling confirms “growing potential” of Halls Peak, NSW

ASX News, Materials
ASX:CRR      MCAP $19.55M
23 May 2022 10:43 (AEST)

This browser does not support the video element.

Critical Resources (CRR) has struck further zinc, lead, copper and silver from drilling at its Halls Peak project in New South Wales.

The latest assays results come from the eighth and ninth drill holes completed at the Gibsons prospect.

Results from Hole 02A include a 6.37-metre intersection at 7.31 per cent zinc, 0.89 per cent lead, 0.22 per cent copper, 10.33 grams per tonne (g/t) silver and 0.08 g/t gold from 72.65 to 79.02 metres downhole.

This intersection also returned higher grades of zinc, lead and silver including 13.14 per cent zinc, 1.82 per cent lead and 17.2 g/t silver over a 2.01-metre zone.

Hole 07A returned 34.3 metres at 2.14 per cent zinc, 0.83 per cent lead, 0.32 per cent copper, 7.02 g/t silver, 0.05 g/t gold from 70.3 to 104.6 metres downhole.

This hit included a 3.35-metre zone at 6.06 per cent zinc, 2.06 per cent lead and 7.86 g/t silver.

Critical Resources Managing Director Alex Biggs said the results confirmed the “growing potential” of the Halls Peak system.

“As our drill program continues, we are excited to see significant grades and intersections that provide increased confidence that Halls Peak could be a transformational asset for the company,” Mr Biggs said.

He said the company now planned to move its drilling program from the Gibsons prospect to the Sunnyside prospect 1.5 kilometres away.

Critical Resources shares were up 1.18 per cent to trade at 8.6 cents at 10:38 am AEST.

Related News