Iltani Resources (ASX:ILT) get its multi-metal bearings at Orient

Iltani Resources (ASX:ILT) get its multi-metal bearings at Orient

October 13, 2023 Off By Tom Duggan

Iltani 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.

ILT Orient Map

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.

[mstock id=”11082″]

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

We are a boutique environment – the home of uncompromisingly high-quality brands spanning news, opinion, and interaction, priding ourselves on promoting discussion and understanding that facilitates growth. We work closely with our clients to really understand what they are trying to achieve and use best practice available to do that!

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005
info@marketopen.com.au

Stewart Walters
Managing Director
stewart@marketopen.com.au
+61 414 644 166

Amanda Ellis
Chief Content Producer
amanda@marketopen.com.au
+61 438 003 868

Important links

Follow us