Iltani Resources Intersects High-Grade Antimony Mineralisation

THE DRILL SERGEANT: Iltani Resources (ASX: ILT) became the latest antimony explorer following the release of assay results from the company’s Antimony Reward project in Herberton, North Queensland.

Iltani Resources has taken receipt of assays it declared had confirmed the presence of high-grade antimony mineralisation.

Results include:

ARRC001
7 metres at 7.61 per cent antimony from 38m, including 3m at 8.19 per cent antimony from 38m and 1m at 26.70 per cent antimony from 43m downhole;

ARRC003
3m at 0.75 per cent antimony from 31m, including 1m at 1.25 per cent antimony from 32m and 4m at 0.43 per cent antimony, including 1m at 1.28 per cent antimony from 42m downhole; and

ARRC004
9m at 0.94 per cent antimony from 53m, including 2m at 2.66 per cent antimony from 60m downhole.

“It is good see that our initial drilling at Antimony Reward has confirmed the presence of high-grade antimony mineralisation following on from Kangaroo Metals previous drilling in 2008,” Iltani Resources managing director Donald Garner said in the company’s ASX announcement.

“The geology is proving to be more complex with a structural control that needs to be interpreted prior to the next phase of drilling” Assay results are coming back later than anticipated, as processing times at the assay lab have extended to 4 to 6 weeks due to an influx of samples from companies undertaking work prior to the upcoming wet season in Northern Australia.

“Once we have the final assay results back from the remaining holes drilled at Antimony Reward, we can plan the next phases of exploration.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE