Iltani Resources Encounters High-Grade Silver-Indium Mineralisation at Orient

THE DRILL SERGEANT: Iltani Resources (ASX: ILT) reported assay results from a reverse circulation (RC) drilling program recently undertaken on the company’s Orient project in North Queensland.

Iltani Resources declared the highlight of the drilling to come from hole ORR030 that intercepted multiple high-grade silver-lead-zinc-indium vein systems including the highest-grade mineralisation intersected at Orient to date by the company, including:

9m at 334 grams per tonne silver equivalent (AgEq) (67g/t silver, 110g/t Indium, 1.3 per cent lead and 3.4 per cent zinc) from 23m, including;
5m at 567g/t AgEq. (111g/t Ag, 195g/t In, 2.1% Pb and 5.8% Zn) from 26m, including;
1m at 1,552g/t AgEq (266g/t Ag, 500g/t In, 5% Pb and 17.4% Zn) from 28m.

Iltani noted ORR030 being 400m along strike from high-grade mineralisation previously encountered in drillhole ORR021 (5m at 440g/t AgEq. from 117m and 4m at 448g/t AgEq. from 186m), which it considers demonstrating the potential for Orient West to host a high-grade silver-indium resource.

“Iltani’s recently completed RC drilling program at Orient West of 11 RC drillholes continues to deliver with the highest-grade intercept at Orient to date…in ORR030,” Iltani Resources managing director Donald Garner said in the company’s ASX announcement.

“The high-grade mineralisation intersected in ORR030 is 400m along strike from the high-grade mineralisation intersected in ORR021, demonstrating the potential of the Orient West vein system to host a high-grade silver-lead-zinc-indium resource within a far bigger mineralised envelope.

“The results reinforce the potential to build a high-grade core at Orient West, and we believe the high-grade core could have a strike extent of more than 700m.

“It is particularly pleasing to see intersections at grades that we could potentially chase underground from an open pit.

“Looking at what we have achieved to date at Orient West, plus adding in what we have at Orient East, confirms our belief that Orient is Australia’s most exciting silver exploration project with potential to host a large silver-indium deposit.

“Once we have received the final assay results from the recent RC program for ORR032 to ORR035, Mining One will start work on estimating an initial Exploration Target for Orient West.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE