Critical Resources (ASX:CRR) - Chairman, Robert Martin
Chairman, Robert Martin
Source: Robert Martin/LinkedIn
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  • Critical Resources (CRR) has intersected massive visual sulphides while drilling at the Gibsons prospect within the Halls Creek Project in NSW
  • Three holes were completed at Gibsons, with the first and second hole intersecting sulphides, including 3.8 metres of massive sulphides in the second hole
  • This hole intersected a shallow polymetallic massive sulphide interval, part of a broader highly mineralised zone at the prospect
  • Selected drill cores have been sent off for assaying, and a fourth and fifth drill hole will be completed at Gibsons to test targets to a depth of 500 metres
  • Company shares are up 2.33 per cent at 4.4 cents each

Critical Resources (CRR) has intersected massive visual sulphides while drilling at the Gibsons prospect within the Halls Creek Project in NSW.

The company completed three drill holes at the prospect, with the first and second hole intersecting massive sulphides and mineralisation.

In particular, the second hole hit a shallow polymetallic massive sulphide interval that
extends from 7.7 metres to 9.6 metres downhole, part of a broader highly mineralised zone.

“To intersect massive sulphides on our second hole at Gibsons as well as our first hole is a great result,” Managing Director Alex Biggs said.

“We’re ecountering strong mineralisation which we feel is indicative of what Halls Peak has to offer on a larger scale.

“We look forward to pushing on with our program and updating the market with more exciting results.”

The first hole also encountered multiple massive sulphides in intervals up to an
intersection length of 3.8 metres.

Selected drill cores are now being sent off for assaying at a lab in Brisbane, with the massive sulphide intervals expected to return high zinc and lead values as well as copper, silver and gold.

CRR will also carry out drilling on a fourth and fifth hole at Gibsons, to confirm near surface mineralisation and deeper targets to a maximum depth of up to 500 metres.

A wider 14-hole diamond drilling program at Gibsons and three-hole drill program at Sunnyside are also planned for the new year.

Shares in Critical Resources were up 2.33 per cent at 4.4 cents each at 11:46 am AEDT.

CRR by the numbers
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