- Critical Resources (CRR) identifies new targets at the Gibsons prospect at the Halls Peak project in New South Wales, prospective for zinc, lead, copper, silver and gold
- The company says it focused on three holes over approximately 900 metres by conducting a down hole electromagnetic (DHEM) survey
- In particular the DHEM survey identified potential sulphide mineralisation that may extend up to 100 metres away from hole 9
- The company also says evidence of the extensional mineralisation from hole 9 speaks volumes about the potential scale of the Halls Peak system
- Shares have been up 11.1 per cent at 10 cents
Critical Resources (CRR) has identified new targets at the Gibsons prospect at the Halls Peak project in New South Wales, prospective for zinc, lead, copper, silver and gold.
The company said it focused on three holes over approximately 900 metres by conducting a down hole electromagnetic (DHEM) survey.
The surveying was designed to identify off-hole conductors and anomalies.
In particular, the DHEM survey identified potential sulphide mineralisation that may extend up to 100 metres away from hole 9.
Meanwhile, the company said evidence of highly conductive material in the upper 200 metres of hole 11A warrants further drilling.
New drill holes are being permitted to target identified anomalies while recently permitted holes will target further potential from the 11A drill pad.
Surveying of Hole 11A also saw a large, low conductive, near-vertical plate located to the north at approximately 600 metres.
The company said evidence of the extensional mineralisation from hole 9 speaks volumes about the potential scale of the Halls Peak system.
“Drilling at Gibsons has been highly successful so far,” Managing Director Alex Biggs said.
“Evidence of extensional mineralisation from Hole 09 speaks volumes about the potential scale of the Halls Peak system. We are excited to see the evolution of the current exploration campaign and are looking forward to further testing these targets,” he said.
Shares were up 11.1 per cent trading at 10 cents at 10:50 am AEDT.