- Oar Resources (OAR) finds a large zone of bright and ultra-bright white kaolinite at its Gibraltar Project in South Australia
- The zone extends over around 2.5 kilometres by four kilometres
- Multiple areas within this larger zone have grades above 75 ISO-B
- Additional systematic testing of this bright, white zone will be carried out with further drilling
- Oar last traded at 1.6 cents per share
Oar Resources (OAR) has identified a large zone of bright and ultra-bright white kaolinite at its Gibraltar Halloysite-Kaolin Project.
The new kaolinite zone covers around 2.5 kilometres by 4 kilometres.
Multiple areas within this larger zone have grades above 75 international organisations for standardisation brightness (ISO-B), with a peak grade of greater than 80 ISO-B bright-white kaolin.
Based on these results, some samples have been sent for a detailed
analysis to determine kaolinite and halloysite, results are pending.
Notably, the granite basement material in this area is similar to and interpreted to be a part of the same granite complex as the nearby Andromeda Metals’ (ADN) Mt Hope Kaolin Deposit.
Additional systematic testing of this bright-white zone to be carried out with further drilling is planned. The drilling can be completed under the existing approvals.
General Manager of Geology Tony Greenaway said the results were very encouraging.
“We are currently planning additional systematic drilling over this area, and further to the west, where our results remain open,” Mr Greenaway added.
“With the laboratory back up and running at its original capacity, our turn-around time for the detailed XRD analysis for halloysite will return to the nominal four weeks.
“We have prioritised these samples with the laboratory, so that we can finalise our next phase of air-core drilling which will be designed to define the extents of this new zone and enable us to move toward generating an initial resource estimate for the Gibraltar Project.”
Just before the market opens this morning, Oar was trading at 1.6 cents per share.