Critical Resources Ltd (ASX:CRR) has identified new targets from its down-hole electromagnetic (DHEM) survey program at the Gibsons prospect within Halls Peak Project in New South Wales.
The company’s survey program, designed to identify off-hole conductors and anomalies, has encountered potential sulphide mineralisation that may extend up to 100 metres away from Hole 09.
Looking ahead, the surveys support evidence of highly conductive material in the upper 200 metres of Hole 11A that warrants further drilling.
“Highly successful”
CRR managing director Alex Biggs said: “Drilling at Gibsons has been highly successful so far.
“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."
Survey results
Data captured from drill hole 09 has provided evidence of a large shallow-dipping, low conductive plate with the potential to host sulphide mineralisation at approximately 55 metres downhole, as shown by the yellow plate in the figure shown below.
Notably, the plate suggests that the conductive body may extend up to 100 metres away from the hole.
The thickest section, as shown by the red plate in the figure, is situated about 10 metres above the low conductive plate, and 10 metres to the southwest of Hole 09.
Drillhole 11A was surveyed over two sections, the upper 200 metres and lower 350 metres. The upper 200 metres of the hole saw small, highly conductive bodies that will be further investigated as part of the three newly permitted holes from pad 11A.
Interpreted DHEM upper 200 metre results looking east
Forward plan
CRR has permitted new drill holes to target identified anomalies from the DHEM survey.
The company’s recently permitted holes will target further potential from the 11A drill pad.
Biggs adds: “Additional holes will be designed to test the extent of mineralisation in Hole 09 and the recently approved holes will be drilled to test further potential around Hole 11A.”