Iltani Resources said it is on track to deliver an initial JORC resource estimate at its Orient silver-indium project in north Queensland in the coming months.
The company completed drill designs for the next phase of reverse circulation (RC) drilling at Orient, consisting of 12 reverse circulation drill holes (for 2550m drilled).
Eleven RC drill holes targeting the Orient West prospect will cover 1800m of strike extent and look to extend mineralisation to the north-east and south-west.
Iltani will also drill one RC drill hole (250m) to test a high priority geophysical target (A2) near Orient West, which is defined by a strong chargeable conductor coincident with a magnetic high.
Drilling is expected to take 3–4 weeks and will commence towards the end of April once clearance activities and construction of drill pads is complete.
“We are starting the 2024 exploration program at our exciting Orient silver-indium project with the target of delivering an initial JORC resource estimate by the end of the season, plus continuing to explore the Orient system and test high priority targets,” Iltani managing director Donald Garner said.
Iltani has already demonstrated the initial prospectivity of Orient, with recent RC drilling returning the following results:
- 1m at 141g/t silver, 1.7 per cent lead, 18.8 per cent zinc, 0.8 per cent tin, and 1070g/t indium from 117m
- 1m at 83g/t silver, 1.1 per cent lead, 13 per cent zinc, 0.1 per cent tin, and 870g/t indium from 186m.
These results included what Iltani believes to be Australia’s highest grade indium drilling results of 1070g/t and 870g/t indium.
Indium – an important component of solar panels – is a critical mineral in Australia, the US, Japan, South Korea and India.
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