Iltani Resources (ASX: ILT) has obtained further high-grade silver equivalent (Ag Eq.) results from the Orient East deposit at its Orient Silver-Indium Project in Herberton, North Queensland.
Iltani has received assays results for a further four RC drill holes (ORR042 to ORR045) completed at Orient East, part of its Orient Silver-Indium Project. Drill holes ORR042, ORR043 and ORR045 all intersected silver-lead-zinc-indium mineralisation, with ORR042 delivering the best intersection to date at Orient.
Iltani will use Orient East drilling results to commence work on an Orient East Exploration Target, expected in Q1 CY2025. Drilling at Orient West marks the start of the Orient West JORC Resource Infill drilling programme, which Iltani will complete after the wet season abates in early 2025.
“Latest assay results from our drilling at Orient East have again surpassed our expectations, delivering both the best intercept of grade x thickness, and the highest-grade mineralisation we have drilled to date at Orient,” Managing Director, Donald Garner, said.
“Results continue to underline the potential for high grades and growing scale at the project, which could be Australia’s best silver- indium deposit.
ORR042 delivered 19m @ 378.8 g/t Ag Eq. from 64m including two high-grade zones of 5m @ 427.2 g/t Ag Eq. and 6m @ 746.7 g/t Ag Eq., with the second high-grade zone delivering the highest grades yet intersected by Iltani at Orient, with 2m @ 1376.5 g/t Ag Eq. from 76m and a peak result of 1m @ 1707.2 g/t Ag Eq. from 77m downhole.
“ORR042 is the down dip extension of the high-grade mineralisation intersected in ORR041, which returned results including 1m at 1063.9g/t Ag Eq. and the high-grade zone remains open at depth.
“Multiple high-grade zones intersected at shallow depths, such as the results in ORR041 and ORR042 within 60m of surface, reinforces the investment case for potential open pit mining at Orient East, and with the mineralisation open at depth demonstrates the UG potential as well.
“We are expecting to receive the remaining assay results from the Orient East drilling, with 15 drill holes pending, plus seven drill holes at Orient West and 1 drill hole at Orient South over the next four to eight weeks.”
