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- Critical Resources (CRR) intersects massive and disseminated sulphides in the fourth hole at its fully-owned Gibsons project in New South Wales
- The 2500 metre-diamond drilling program has roughly 10 holes remaining and has intersected sulphides at each of the previous holes
- The fourth hole intersected variable mineralisation zone from 51 metres to 58.18 metres downhole
- According to the company’s announcement, the assays will potentially return high zinc and lead values with copper, silver, gold present too
- Critical Resources are trading steady at 3.8 cents a share
Critical Resources (CRR) has intersected massive and disseminated sulphides in the fourth hole at its fully-owned Gibsons project in New South Wales.
The 2500 metre-diamond drilling program has roughly 10 holes remaining and has intersected sulphides at each of the previous holes.
The fourth hole intersected variable mineralisation zone from 51 metres to 58.18 metres downhole.
This intersection extends the mineralisation to the northwest with the current drill series designed to confirm near-surface mineralisations and some as deep as 500 metres.
Assays have been sent off for testing to a Brisbane laboratory, while drilling has been paused for Christmas break.
According to the company’s announcement, the assays will potentially return high zinc and lead values with copper, silver, gold present too.
“The company has been conducting a strategised, staged approach to exploration at Gibsons that first confirmed near-surface mineralisation, with these results identifying deeper mineralisation,” Managing Director Alex Biggs said.
“This is an exciting proof of concept. We now need to continue to define deeper mineralisation in order to define deeper targets, in the hope of defining a large-scale asset.”
Critical Resources were trading steady at 3.8 cents a share at 12:08 pm AEDT.
