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Iltani digs deep for critical minerals

iltani resources

Iltani Resources has received funding for a deep diamond drill hole at its Orient project in north Queensland.

The explorer has received a $299,000 grant from round eight of the collaborative exploration initiative (CEI) under the Queensland Department of Resources’ industry development plan.

The CEI is designed to support critical minerals exploration activities in the state.

Orient has so far yielded silver-lead-zinc-indium mineralisation in previous drill campaigns. Indium is considered a critical mineral in many countries around the world.

CEI funding will contribute to drilling a deep diamond hole (to roughly 750m vertical depth) in order to test a large-scale geophysical anomaly.

Funding will also contribute to a downhole electromagnetic survey on completion of the deep diamond drill hole.

This testing will enable Iltani to better understand the architecture of the Orient system, in particular the source of mineralising fluids and potential larger accumulations of mineralisation (copper and/or tin) associated with the potential porphyry system at depth.

“The diamond hole will be the deepest hole drilled to date at Orient and is incredibly exciting as we will start to see what sits at depth under Orient,” Iltani managing director Donald Garner said.

This follows a successful drilling campaign, where Orient yielded prospective results, including:

  • 1m at 141 g/t silver, 1.7 per cent lead, 18.8 per cent zinc, 0.8 per cent tin, and 1,070 g/t indium from 117m
  • 1m at 83g/t silver, 1.1 per cent lead, 13 per cent zinc, 0.1 per cent tin, and 870 g/t indium from 186m.

Garner said the company knew that Orient had potential to host a high-grade silver-indium deposit, but these results had exceeded expectations.

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