Announcement Date: 2022-05-23
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. 34.3m @ 2.14% Zn, 0.83% Pb, 0.32% Cu, 7.02g/t Ag, 0.05g/t Au from 70.3m
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 assay results from its 8th and 9th drill holes at its 100% owned Gibsons prospect. Diamond drill holes CRR21DD_02A (“Hole 02A”) and CRR21DD_07A (“Hole 07A”) have intersected further zinc, lead, copper and silver bearing zones of sulphide mineralisation. Hole 02A and Hole 07A are step out holes that further demonstrates the increased potential of the mineralised extent of the Halls Peak system. The 100% owned Halls Peak project is located in New South Wales approximately 45km SouthEast of Armidale in the New England Fold Belt, an area well known for its mineral endowment and production. The Halls Peak massive sulphide deposits were discovered in 1896 where near surface mining extracted high-grade Zinc, Lead, Copper and Silver. Recent exploration at the Gibsons prospect has yielded excellent high-grade intersections of zinc, lead, copper and silver. Halls Peak is considered to have potential to contain world class deposits similar to those already being mined in northern Australia.
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