Announcement Date: 2022-01-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Critical Resources Ltd.
Project name: Halls Peak
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 12.45m @ 1.15% Cu, 5.76% Pb, 10.91% Zn, 331.63g/t Ag, 1.5g/t Au from 4.65m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”) is pleased to advise that it has received the assay results for the first diamond drill hole from their 100% owned Gibsons prospect confirming multiple high grade intersections of massive sulphide mineralisation. As previously announced, the Company is conducting its drill program at its 100% owned Gibsons prospect, part of the Halls Peak project near Armidale in New South Wales. Assays confirm the first drill hole of the planned 2,500m program of diamond drilling at Gibsons has intersected multiple lodes of massive sulphide mineralisation with extremely high grades of Zinc, Lead, Copper, Silver and Gold. Critical Resources Managing Director Alex Biggs said: ”Exceptional results such as these prove to us that the Halls Peak project is a heavily mineralised system that warrants significant exploration. We are delighted with the first round of results from drilling at Gibsons and are excited to continue our work program across the entire Halls Peak project. We look forward to keeping the market updated on more exciting results as we begin to unlock the true value of what we feel is a transformational asset for the company and its shareholders.” Hole CRRDD21_01 has intersected a series of stacked massive sulphide lenses ranging up to 4.05m in downhole length (true width unknown)
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