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- Oar Resources (OAR) has found halloysite grading up to 53 per cent at the Gibraltar Project in South Australia
- This marks the highest grade halloysite to ever be reported in the area and, according to Oar, the highest grade halloysite ever reported in Australia
- Multiple other samples returned grades exceeding 30 per cent halloysite, which demonstrates the significant potential of the project area
- Drilling also highlighted halloysite anomalies in the southwest target and three other areas which Oar will follow up with infill drilling next quarter
- Company shares last traded at 1.3 cents on August 31
Oar Resources (OAR) has received high-grade halloysite results from drilling at the Gibraltar Project in South Australia.
The company analysed selected composite samples from drilling which returned a peak grade as high as 53 per cent halloysite. This is the highest grade halloysite to be reported in the area. OAR also claims it’s the highest grade halloysite to ever be reported in Australia.
Additional samples also returned high grades exceeding 30 per cent halloysite.
Furthermore, the halloysite results from the southwest target area, which covers an area of 2.5 kilometres by five kilometres, have confirmed multiple halloysite anomalies defined by over 10 per cent halloysite.
These latest results, along with previous high-brightness kaolin results, have highlighted the southwest target and three distinct high priority areas that the company will follow up with infill drilling.
General Manager of Geology Tony Greenaway commented on the results.
“These new halloysite results are the highest grades we have seen anywhere in this district and confirm to us the significant potential of our Gibraltar Halloysite – Kaolin Project,” he said.
“I am particularly encouraged by the emerging cluster of halloysite pods coming out in our data. We see this pattern over other areas of a similar size both on the Eyre Peninsula and in WA, where other companies have gone on to define very large JORC resources based around similar early-stage drilling success.”
Looking ahead, Oar Resources will drill test the southwest target area as well as the three “bullseye” targets. Drilling is expected to begin early in the December quarter.
Company shares last traded at 1.3 cents on August 31.
