Commodities, Copper, Exploration/Development, Gold, News

Iltani hits 1550g/t silver equivalent

iltani resources

Iltani Resources has delivered silver-indium mineralisation up to 1552 grams per tonne (g/t) silver equivalent at its Orient project in Queensland.

The explorer struck what it called the ‘highest grade mineralisation intersected at Orient to date’, with results including:

  • A 9m intercept at 334g/t silver equivalent (Ag Eq), 1.3 per cent lead and 3.4 per cent zinc from a depth of 23m
  • 5m at 567g/t Ag Eq, 2.1 per cent lead and 5.8 per cent zinc from 26m
  • 1m at 1552g/t Ag Eq, 5.0 per cent lead and 17.4 per cent zinc from 28m.

This was accompanied by other high-grade results from a number of other drill holes.

All mineralisation intercepted is open down dip and up dip, outcropping along the Orient West ridge-line. Mineralisation is also open along strike.

Drilling has defined mineralisation at Orient West over at least 1,250m strike extent and to 150m depth, and is beginning to build a high-grade core over at least 700m strike extent.

Iltani Resources also expects results from four additional reverse circulation drills are also expected shortly.

Orient forms part of the larger Herberton project, a region of Australia which has been mined since 1880. In addition to silver-lead-zinc-indium contained within Orient, Herberton also includes multiple attractive targets for copper, antimony and gold.

Indium – an important component of solar panels – is considered a critical mineral in Australia, the US, Japan, South Korea and India.

Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.

Previous ArticleNext Article
Send this to a friend