Iltani Resources drilling intersects extensive silver-lead-zinc-indium vein mineralisation
\nResults include some of the \u2018highest grade indium drill intersections\u2019 publicly reported on the ASX
\nOrient model being built to guide further drilling<\/p>\n
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Special Report: Iltani Resources has highlighted the potential of its Orient project to host a world-class silver-lead-zinc-indium resource after a further eight RC holes drilled in December last year intersected extensive vein mineralisation.<\/p>\n
The <\/span>Orient Project<\/a>, about 100km inland from Cairns in the historical mining area of Herberton in northern Queensland, is a large-scale system of outcropping veins and stockwork silver-lead-zinc-indium mineralisation hosted in a rhyolite porphyry complex over an area of at least 4km2.<\/span><\/p>\n It was mined from 1886 to 1924, producing an estimated 6,600t of high-grade ore averaging 46oz of silver and 40% lead per tonne.<\/span><\/p>\n Prior to the start of the most recently completed program, drilling in August 2023 intersected multiple high-grade silver-lead-zinc-indium vein systems surrounded by halos of up to 30m to 40m of lower grade mineralisation.<\/span><\/p>\n Iltani Resources (ASX:ILT)<\/a> noted previously that the extensive silver-rich epithermal system\u00a0has strong similarities to the world-class Bolivian silver-zinc-lead-indium-tin systems.<\/span><\/p>\n Historical metallurgical test work has also confirmed the potential to produce high quality lead-silver and zinc-indium-silver concentrates.<\/span><\/p>\n Silver is expected to be in deficit, even as demand for use in photovoltaic (solar) panels increases, while indium is a critical and strategic mineral used in the defence, energy and telecommunications sectors along with smartphones and electrical semiconductors.<\/span><\/p>\n Drill collars at Orient West. Pic: Supplied (ILT)<\/p>\n \u00a0<\/p>\n Assays from the December 2023 drill program returned extensive silver-lead-zinc-indium mineralisation with Orient West hole ORR021 intersecting exceptionally high-grade mineralisation of 5m @ 43g\/t silver, 0.7% lead, 5% zinc and 149g\/t indium (314g\/t silver equivalent \u2013 AgEq) from 117m.<\/span><\/p>\n This included intervals of 1m @ 141g\/t silver, 1.7% lead, 18.8% zinc and 500g\/t indium (1,102g\/t AgEq) and 4m @ 48g\/t silver, 1% lead, 4.8% zinc and 175g\/t indium (335g\/t AgEq) from 186m, including 1m @ 83g\/t silver, 1.1% lead, 13.0% zinc and 500g\/t indium (819 g\/t AgEq)<\/span><\/p>\n The aforementioned indium assay results are believed to be the highest-grade indium drill intersections ever announced on the ASX. The intersections are at least 500g\/t indium.<\/span><\/p>\n Having been assayed at ALS in Townsville, the samples have been sent to ALS in Vancouver (where samples can be assayed up to 10,000g\/t indium) for confirmation of the indium grade.<\/span><\/p>\n Drilling returned further intersections of silver-lead-zinc-indium mineralisation at Orient West. Highlights include:<\/span> ORR017: 22m @ 74g\/t AgEq from 100m, including 12m @ 108g\/t AgEq from 102m;\u00a0<\/span> Drilling also returned other impressive intersections of silver-lead-zinc-indium mineralisation at Orient East, including 14m @ 103g\/t AgEq from 10m including 6m @ 189g\/t AgEq (ORR022) and 6m @ 127g\/t AgEq from 25m plus 6m @ 121 g\/t AgEq<\/span> from 37m (ORR024).<\/span><\/p>\n Drill collars at Orient East. Pic: Supplied (ILT)<\/p>\n \u201cIltani\u2019s drilling at Orient continues to deliver outstanding intersections of silver-lead-zinc-indium- mineralisation delivering both high-grade intersections and wide intersections of medium-grade mineralisation from multiple vein systems,\u201d ILT managing director Donald Garner said.<\/span><\/p>\n \u201cOf note are the high-grade indium assays from the intersections in ORR021 \u2013 Iltani believes these are the highest-grade indium drill intersections publicly reported on the ASX to date, with indium considered a critical and strategic mineral because of its use in the aerospace, defence, energy and telecommunications sectors plus in items such as smartphones and electrical semiconductors.<\/span><\/p>\n \u201cMineralisation at Orient is open along strike and depth, and Orient West and East are 2km apart, highlighting the potential for Orient to deliver a substantial resource.\u00a0<\/span><\/p>\n \u201cMineralisation intersected to date is outcropping and the shallower mineralisation is amenable to potential open-pit mining, with deeper higher-grade intersections highlighting the potential for underground mining.\u201d<\/span><\/p>\n \u00a0<\/p>\n ILT has engaged Mining One to build a model of Orient that will combine both historical and its drilling with reprocessed geophysical data plus Nick Tate\u2019s mapping.<\/span><\/p>\n This model will be used to optimise the remaining drillholes for the Stage 2 drilling expected to begin in early March once the wet season abates.<\/span><\/p>\n ILT anticipates the Stage 2 drilling will provide better insight into Orient\u2019s potential to host a world-class silver-lead-zinc-indium resource.<\/span><\/p>\n \u00a0<\/p>\n\n \ufeff<\/span>\u00a0<\/span><\/p>\n This article was developed in collaboration with Iltani Resources, a Stockhead advertiser at the time of publishing.\u00a0<\/span><\/p>\n \u00a0<\/p>\n This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/span><\/p>\n <\/span><\/p>\n The post Iltani Resources unlocks the silver-lead-zinc-indium riches of the Orient<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Drilling demonstrates Orient\u2019s potential<\/h2>\n
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\nORR018: 20m @ 75g\/t AgEq from 140m, including 7m @ 130g\/t AgEq from 149m;\u00a0<\/span>
\nORR019: 5m @ 223g\/t AgEq from 55m, including 2m @ 409g\/t Ag Eq from 55m; and\u00a0<\/span>
\nORR020: 5m @ 116 g\/t Ag Eq. from 25m.\u00a0<\/span><\/p>\nThe road ahead<\/h2>\n