Iltani Resources (ASX:ILT) get its multi-metal bearings at Orient
October 13, 2023Iltani Resources‘ Stage 1 RC drilling program at the Orient Project has struck wide intersections of silver-lead-zinc-indium-antimony-tin mineralisation and confirmed its potential for a near-surface bulk tonnage operation in northern Queensland.
Assays from multiple holes verified the presence of extensive mineralisation with high-grade veins surrounded by large zones of lower grade mineralisation, confirmed as epithermal and holding the potential for multiple untested stockwork zones.
It was the first drilling at Orient in over 30 years and Iltani’s first assays since listing on the ASX, and Managing Director Donald Garner said it had given its team great pleasure to announce the initial results.
“The drilling has intersected multiple zones of extensive silver-lead-zinc-indium-antimony-tin mineralisation, with particular note being the thick zones of stockwork style mineralisation intersected in multiple holes at shallow depths,” Mr Garner said.
“Mapping carried out by a consultant geologist Nick Tate has confirmed the Orient mineralisation is epithermal in origin and indicated potential for additional zones of sheeted veins and stockwork mineralisation associated with Vein 1 and a large (500m x 750m) area of stockwork mineralisation at Deadman Creek.”
Mr Garner added that drilling and mapping results had confirmed the view that Iltani was dealing with a very large system, with the epithermal component exposed at surface and the potential for porphyry at depth.
“Iltani has started planning a Stage 2 drill program at Orient – following up on Stage 1 drilling, where we will seek to extend the mineralisation intersected in Stage 1 and test the high priority targets at Vein 1 and Deadman Creek,” he said.
Stage 2 drilling is directed at better understanding the extent of the find while delineating additional bulk tonnage mineralisation as the company starts to get a full understanding of Orient.
Assays from the second half of the 14-hole campaign are expected within two to three weeks, and Iltani intends to mobilise a rig to its fully owned project as soon as possible.
Project location and regional geology
Significant results:
- ORR001: 38m @ 69 g/t Ag, 1.3% Pb, 1.4% Zn, 7 g/t In, 319 g/t Sb & 0.1% Sn from 19m downhole
inc. 4m @ 89 g/t Ag, 2.0% Zn, 2.1% Pb, 22 g/t In, 329 g/t Sb & 0.04% Sn from 20m downhole
plus 7m @ 180 g/t Ag, 3.0% Pb, 3.2% Zn, 12 g/t In, 870 g/t Sb & 0.4% Sn from 27m downhole
and 39m @ 22 g/t Ag, 0.6% Pb, 0.7% Zn, 2 g/t In, 191 g/t Sb & 0.02% Sn from 81m downhole - ORR003: 41m @ 36 g/t Ag, 0.8% Pb, 0.8% Zn, 5 g/t In, 257 g/t Sb & 0.04% Sn from 39m
downhole inc. 5m @ 122 g/t Ag, 2.4% Pb, 2.5% Zn, 27 g/t In, 731 g/t Sb & 0.1% Sn from 59m
downhole plus 20m @ 20 g/t Ag, 0.5% Pb, 0.6% Zn, 3 g/t In, 109 g/t Sb & 0.02% Sn from 110m
downhole - ORR004: 5m @ 33 g/t Ag, 0.8% Pb, 2.0% Zn, 4 g/t In, 45 g/t Sb & 0.01% Sn from 21m downhole
- ORR013: 41m @ 21 g/t Ag, 0.5% Pb, 0.6% Zn, 6 g/t In, 36 g/t Sb & 0.03% Sn from 55m downhole
inc. 6m @ 49 g/t Ag, 1.1% Pb, 1.0% Zn, 19 g/t In, 64 g/t Sb & 0.04% Sn from 80m downhole - ORR014: 11m @ 25 g/t Ag, 0.6% Pb, 0.8% Zn, 9 g/t In, 81 g/t Sb & 0.02% Sn from 24m downhole,
plus 7m @ 32 g/t Ag, 0.7% Pb, 0.7% Zn, 11 g/t In, 69 g/t Sb & 0.03% Sn from 47m downhole
and 11m @ 34 g/t Ag, 0.6% Pb, 1.4% Zn, 54 g/t In, 48 g/t Sb & 0.03% Sn from 144m downhole
inc. 2m @ 82 g/t Ag, 0.9% Pb, 4.7% Zn, 250 g/t In, 124 g/t Sb & 0.03% Sn from 148m downhole.
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